Company: GGG
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0000042888-25-000047
Chunk: 0

Company: GRACO INC
Filing Date: 2025-10-22
Form: 10-Q
Item: Item 1
Chunk 0
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Table of Contents

PART I     Item 1.

GRACO INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited) (In thousands except per share amounts)

 Three Months EndedNine Months Ended September 26,2025September 27,2024September 26,2025September 27,2024Net Sales$543,358 $519,212 $1,643,448 $1,564,644 Cost of products sold254,133 243,082 776,960 721,463 Gross Profit289,225 276,130 866,488 843,181 Product development20,251 21,306 60,357 65,076 Selling, marketing and distribution68,019 65,143 203,567 200,773 General and administrative50,295 43,958 150,407 137,252 Contingent consideration(14,061)— (14,061)— Operating Earnings164,721 145,723 466,218 440,080 Interest expense711 656 2,079 2,034 Other income, net(4,450)(6,225)(14,003)(18,756)Earnings Before Income Taxes168,460 151,292 478,142 456,802 Income taxes30,832 29,095 88,790 79,426 Net Earnings$137,628 $122,197 $389,352 $377,376 Net Earnings per Common ShareBasic $0.83 $0.72 $2.34 $2.24 Diluted $0.82 $0.71 $2.30 $2.19 

See notes to consolidated financial statements.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited) (In thousands)

 Three Months EndedNine Months Ended September 26,2025September 27,2024September 26,2025September 27,2024Net Earnings$137,628 $122,197 $389,352 $377,376 Components of other comprehensive incomeCumulative translation adjustment1,501 19,491 78,387 (26)Pension and postretirement medical liability adjustment808 (268)534 1,954