GRACO INC
For the period ended Dec 27, 2024. Filed Feb 18, 2025.
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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.
FY2024 · Filed Feb 18, 2025
GGG$69.70-0.2%Stored close · as of Nov 10, 2026
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Consolidated Statements of Earnings
(In thousands, except per share amounts)
| Years Ended | |||
|---|---|---|---|
| December 27,2024 | December 29,2023 | December 30,2022 | |
| Net Sales | $2,113,316 | $2,195,606 | $2,143,521 |
| Cost of products sold | 990,855 | 1,034,585 | 1,086,082 |
| Gross Profit | 1,122,461 | 1,161,021 | 1,057,439 |
| Product development | 87,230 | 82,822 | 80,008 |
| Selling, marketing and distribution | 273,741 | 260,712 | 250,948 |
| General and administrative | 191,392 | 171,444 | 153,783 |
| Contingent consideration | — | (8,600) | — |
| Impairment | — | 7,800 | — |
| Operating Earnings | 570,098 | 646,843 | 572,700 |
| Interest expense | 2,828 | 5,191 | 9,897 |
| Other (income) expense, net | (22,013) | 32,850 | (2,921) |
| Earnings Before Income Taxes | 589,283 | 608,802 | 565,724 |
| Income taxes | 103,199 | 102,291 | 105,079 |
| Net Earnings | $486,084 | $506,511 | $460,645 |
| Basic Net Earnings per Common Share | $2.88 | $3.01 | $2.73 |
| Diluted Net Earnings per Common Share | $2.82 | $2.94 | $2.66 |
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