GRACO INC
For the period ended Jun 28, 2024. Filed Jul 24, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 28, 2024 · Filed Jul 24, 2024
GGG$69.70-0.2%Stored close · as of Nov 10, 2026
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Consolidated Statements of Earnings Consolidated Statements of Comprehensive Income
CONSOLIDATED STATEMENTS OF EARNINGS
(Unaudited) (In thousands except per share amounts)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 28,2024 | June 30,2023 | June 28,2024 | June 30,2023 | |
| Net Sales | $553,243 | $559,644 | $1,045,432 | $1,089,290 |
| Cost of products sold | 252,389 | 268,229 | 478,381 | 512,735 |
| Gross Profit | 300,854 | 291,415 | 567,051 | 576,555 |
| Product development | 21,897 | 21,286 | 43,769 | 41,765 |
| Selling, marketing and distribution | 69,001 | 68,380 | 135,632 | 133,763 |
| General and administrative | 48,597 | 44,697 | 93,295 | 87,307 |
| Operating Earnings | 161,359 | 157,052 | 294,355 | 313,720 |
| Interest expense | 634 | 1,798 | 1,378 | 3,145 |
| Other (income) expense, net | (4,453) | (4,365) | (12,531) | (6,394) |
| Earnings Before Income Taxes | 165,178 | 159,619 | 305,508 | 316,969 |
| Income taxes | 32,200 | 25,351 | 50,331 | 53,535 |
| Net Earnings | $132,978 | $134,268 | $255,177 | $263,434 |
| Net Earnings per Common Share | ||||
| Basic | $0.79 | $0.80 | $1.51 | $1.56 |
| Diluted | $0.77 | $0.78 | $1.48 | $1.53 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 28,2024 | June 30,2023 | June 28,2024 | June 30,2023 | |
| Net Earnings | $132,978 | $134,268 | $255,177 | $263,434 |
| Components of other comprehensiveincome (loss) | ||||
| Cumulative translation adjustment | (811) | 4,553 | (19,517) | 9,528 |
| Pension and postretirement medical liability adjustment | 1,304 | 1,195 | 2,222 | 2,327 |
| Income taxes - pension and postretirementmedical liability adjustment | (352) | (264) | (589) | (508) |
| Other comprehensive income (loss) | 141 | 5,484 | (17,884) | 11,347 |
| Comprehensive Income | $133,119 | $139,752 | $237,293 | $274,781 |
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