GRACO INC
For the period ended Sep 27, 2024. Filed Oct 23, 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.
Sep 27, 2024 · Filed Oct 23, 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 | Nine Months Ended | |||
|---|---|---|---|---|
| September 27,2024 | September 29,2023 | September 27,2024 | September 29,2023 | |
| Net Sales | $519,212 | $539,672 | $1,564,644 | $1,628,962 |
| Cost of products sold | 243,082 | 255,148 | 721,463 | 767,883 |
| Gross Profit | 276,130 | 284,524 | 843,181 | 861,079 |
| Product development | 21,306 | 19,817 | 65,076 | 61,582 |
| Selling, marketing and distribution | 65,143 | 60,495 | 200,773 | 194,258 |
| General and administrative | 43,958 | 41,823 | 137,252 | 129,130 |
| Contingent consideration | — | (8,600) | — | (8,600) |
| Impairment | — | 7,800 | — | 7,800 |
| Operating Earnings | 145,723 | 163,189 | 440,080 | 476,909 |
| Interest expense | 656 | 1,391 | 2,034 | 4,536 |
| Other income, net | (6,225) | (2,483) | (18,756) | (8,877) |
| Earnings Before Income Taxes | 151,292 | 164,281 | 456,802 | 481,250 |
| Income taxes | 29,095 | 31,158 | 79,426 | 84,693 |
| Net Earnings | $122,197 | $133,123 | $377,376 | $396,557 |
| Net Earnings per Common Share | ||||
| Basic | $0.72 | $0.79 | $2.24 | $2.35 |
| Diluted | $0.71 | $0.77 | $2.19 | $2.30 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 27,2024 | September 29,2023 | September 27,2024 | September 29,2023 | |
| Net Earnings | $122,197 | $133,123 | $377,376 | $396,557 |
| Components of other comprehensiveincome (loss) | ||||
| Cumulative translation adjustment | 19,491 | (9,022) | (26) | 506 |
| Pension and postretirement medical liability adjustment | (268) | 1,100 | 1,954 | 3,427 |
| Income taxes - pension and postretirementmedical liability adjustment | 66 | (252) | (523) | (760) |
| Other comprehensive income (loss) | 19,289 | (8,174) | 1,405 | 3,173 |
| Comprehensive Income | $141,486 | $124,949 | $378,781 | $399,730 |
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