GRACO INC
For the period ended Dec 29, 2023. Filed Feb 20, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 20, 2024
GGG$69.70-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Earnings
(In thousands, except per share amounts)
| Years Ended | |||
|---|---|---|---|
| December 29,2023 | December 30,2022 | December 31,2021 | |
| Net Sales | $2,195,606 | $2,143,521 | $1,987,608 |
| Cost of products sold | 1,034,585 | 1,086,082 | 953,659 |
| Gross Profit | 1,161,021 | 1,057,439 | 1,033,949 |
| Product development | 82,822 | 80,008 | 79,651 |
| Selling, marketing and distribution | 260,712 | 250,948 | 271,526 |
| General and administrative | 171,444 | 153,783 | 151,449 |
| Contingent consideration | (8,600) | — | — |
| Impairment | 7,800 | — | — |
| Operating Earnings | 646,843 | 572,700 | 531,323 |
| Interest expense | 5,191 | 9,897 | 10,215 |
| Other (income) expense, net | 32,850 | (2,921) | 12,643 |
| Earnings Before Income Taxes | 608,802 | 565,724 | 508,465 |
| Income taxes | 102,291 | 105,079 | 68,599 |
| Net Earnings | $506,511 | $460,645 | $439,866 |
| Basic Net Earnings per Common Share | $3.01 | $2.73 | $2.59 |
| Diluted Net Earnings per Common Share | $2.94 | $2.66 | $2.52 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.