GRACO INC
Business
Graco Inc. is a multinational manufacturer of systems and equipment for moving, measuring, mixing, controlling, dispensing and spraying fluid and powder materials in industrial and commercial applications. The company offers sprayers for paint and coatings (Contractor segment), equipment for automotive and industrial fluid finishing and powder coating (Industrial segment), and specialized pumps and valves for semiconductor, oil & gas, and environmental markets (Expansion Markets segment). Products are distributed globally through third-party distributors, integrators, retailers and direct sales channels across the Americas, EMEA and Asia Pacific.
Summary from 10-K filed 2026-02-17
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net Sales | 2,237 | 2,113 | 2,196 | 2,144 | 1,988 | |
| Cost of products sold | 1,063 | 991 | 1,035 | 1,086 | 954 | |
| Gross Profit | 1,173 | 1,122 | 1,161 | 1,057 | 1,034 | |
| Product development | 82 | 87 | 83 | 80 | 80 | |
| Selling, marketing and distribution | 274 | 274 | 261 | 251 | 272 | |
| General and administrative | 206 | 191 | 171 | 154 | 151 | |
| Contingent consideration | −14 | 0 | −9 | 0 | 0 | |
| Impairment | 0 | 0 | 8 | 0 | 0 | |
| Operating Earnings | 625 | 570 | 647 | 573 | 531 | |
| Interest expense | 3 | 3 | 5 | 10 | — | |
| Other (income) expense, net | −19 | −22 | 33 | −3 | 13 | |
| Earnings Before Income Taxes | 641 | 589 | 609 | 566 | 508 | |
| Income taxes | 119 | 103 | 102 | 105 | 69 | |
| Net Earnings | 522 | 486 | 507 | 461 | 440 | |
| Basic Net Earnings per Common Share (in dollars per share) | 3.14 | 2.88 | 3.01 | 2.73 | 2.59 | |
| Diluted Net Earnings per Common Share (in dollars per share) | 3.08 | 2.82 | 2.94 | 2.66 | 2.52 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 624 | 675 | 538 | 339 | 624 | |
| Accounts receivable, less allowances of $6,000 and $6,000 | 394 | 363 | 354 | 346 | 325 | |
| Inventories | 401 | 405 | 438 | 477 | 382 | |
| Other current assets | 53 | 55 | 35 | 44 | 32 | |
| Total current assets | 1,472 | 1,497 | 1,366 | 1,206 | 1,364 | |
| Property, Plant and Equipment, net | 755 | 772 | 742 | 608 | 451 | |
| Goodwill | 585 | 487 | 370 | 368 | 356 | |
| Other Intangible Assets, net | 304 | 233 | 126 | 138 | 150 | |
| Operating Lease Assets | 26 | 20 | 19 | 30 | 30 | |
| Deferred Income Taxes | 36 | 47 | 61 | 57 | 56 | |
| Other Assets | 96 | 83 | 38 | 33 | 37 | |
| Total Assets | 3,274 | 3,139 | 2,722 | 2,439 | 2,443 | |
| Notes payable to banks | 23 | 29 | 30 | 21 | 43 | |
| Current portion of long-term debt | 2 | 0 | — | 0 | 75 | |
| Trade accounts payable | 79 | 61 | 72 | 84 | 78 | |
| Salaries and incentives | 73 | 58 | 65 | 64 | 83 | |
| Dividends payable | 49 | 47 | 43 | 40 | 36 | |
| Other current liabilities | 242 | 212 | 185 | 191 | 191 | |
| Total current liabilities | 467 | 406 | 395 | 400 | 507 | |
| Retirement Benefits and Deferred Compensation | 87 | 80 | 80 | 62 | 107 | |
| Operating Lease Liabilities | 18 | 12 | 12 | 21 | 24 | |
| Deferred Income Taxes | 37 | 38 | 8 | 9 | 11 | |
| Other Non-current Liabilities | 11 | 19 | 2 | 12 | 11 | |
| Commitments and Contingencies (Note 11) | — | — | — | — | — | |
| Common stock, $1 par value; 291,000,000 shares authorized; 165,150,142 and 169,393,735 shares outstanding in 2025 and 2024 | 165 | 169 | 168 | 168 | 170 | |
| Additional paid-in-capital | 995 | 955 | 863 | 784 | 742 | |
| Retained earnings | 1,457 | 1,509 | 1,228 | 977 | 877 | |
| Accumulated other comprehensive income (loss) | 38 | −50 | −35 | −69 | −80 | |
| Total shareholders equity | 2,654 | 2,584 | 2,224 | 1,860 | 1,709 | |
| Total Liabilities and Shareholders Equity | 3,274 | 3,139 | 2,722 | 2,439 | 2,443 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 107 | 87 | 74 | 66 | 59 | |
| Deferred income taxes | −9 | 6 | −9 | −10 | −47 | |
| Gain on sale of building | −5 | −1 | 0 | — | — | |
| Share-based compensation | 34 | 32 | 30 | 25 | 25 | |
| Pension settlement loss | 0 | 0 | 42 | 0 | 12 | |
| Contingent consideration | −14 | 0 | −9 | 0 | 0 | |
| Accounts receivable | −7 | 10 | −3 | −30 | −14 | |
| Inventories | 55 | 56 | 43 | −96 | −98 | |
| Trade accounts payable | 8 | −13 | −12 | 4 | 12 | |
| Salaries and incentives | 7 | −12 | −2 | −18 | 29 | |
| Retirement benefits and deferred compensation | −571,000 | −14 | −14 | −19 | −11 | |
| Other accrued liabilities | −11 | −11 | −5 | −4 | 51 | |
| Other | −3 | −3 | 1 | −1 | −3 | |
| Net cash provided by operating activities | 684 | 622 | 651 | 377 | 457 | |
| Property, plant and equipment additions | −46 | −107 | −185 | −201 | −134 | |
| Proceeds from sale of building | 11 | 6 | 0 | — | — | |
| Acquisition of businesses, net of cash acquired | −135 | −242 | 0 | −25 | −19 | |
| Other | −3 | 59,000 | −499,000 | −362,000 | −347,000 | |
| Net cash used in investing activities | −173 | −343 | −185 | −227 | −153 | |
| (Payments) borrowings on short-term lines of credit, net | −7 | −766,000 | 10 | — | — | |
| (Payments) borrowings on short-term lines of credit, net | 25,000 | 0 | −75 | — | — | |
| Payments of debt issuance costs | 0 | −2 | −1 | 0 | −1 | |
| Common stock issued | 43 | 71 | 60 | 36 | 51 | |
| Common stock repurchased | −423 | −31 | −102 | −233 | 0 | |
| Taxes paid related to net share settlement of equity awards | −6 | −5 | −1 | −1 | 0 | |
| Cash dividends paid | −183 | −172 | −158 | −142 | −127 | |
| Net cash used in financing activities | −576 | −140 | −268 | −434 | −57 | |
| Effect of exchange rate changes on cash | 14 | −2 | 1 | −1 | −1 | |
| Net (decrease) increase in cash and cash equivalents | −51 | 137 | 199 | −285 | 245 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is GRACO INC's CIK number?
GRACO INC's SEC CIK number is 0000042888 (42888). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find GRACO INC's SEC filings?
All of GRACO INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did GRACO INC last report earnings?
GRACO INC (GGG) most recently filed an earnings 8-K with the SEC on Jan 26, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000042888-26-000019). This is GRACO INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is GRACO INC's most recent earnings 8-K?
GRACO INC's latest earnings 8-K (Item 2.02) was filed Jan 26, 2026 under accession 0000042888-26-000019. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View GRACO INC's latest earnings 8-K →
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