固瑞克 2026年季度报告

FORM 10-Q ☒Quarterly Report Pursuant to Section13 or 15(d)of the Securities Exchange Act of 1934For the quarterly period endedMarch 27, 2026OR ☐Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period from to Commission File Number:001-09249 GRACO INC. (Exact name of registrant as specified in its charter) Minnesota41-0285640(Stateor other jurisdiction ofincorporation or organization)(I.R.S.EmployerIdentificationNumber) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required tofile such reports), and (2)has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter periodthat the registrant was required to submit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ 165,968,177 shares of the Registrant’s Common Stock, $1.00 par value, were outstanding as of April8, 2026. TABLE OF CONTENTS PARTI - FINANCIAL INFORMATION Item1.Financial StatementsConsolidated Statements of Earnings3Consolidated Statements of Comprehensive Income3Consolidated Balance Sheets4Consolidated Statements of Cash Flows5Consolidated Statements of Shareholders' Equity6Notes to Consolidated Financial Statements7Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations14Item3.Quantitative and Qualitative Disclosures About Market Risk20Item4.Controls and Procedures20 PARTII - OTHER INFORMATION Item1A.Risk Factors21Item 2.Unregistered Sales of Equity Securities and Use of Proceeds22Item 5.Other Information23Item 6.Exhibits24 SIGNATURES PART IItem1.GRACO INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF EARNINGS(Unaudited) (In thousands except per share amounts) CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Unaudited) (In thousands) Three Months EndedMarch 27,2026March 28,2025Net Earnings$118,506$124,101Components of other comprehensive (loss) incomeCumulative translation adjustment(12,142)19,903Pension and postretirement medicalliability adjustment17684Income taxes - pension and postretirementmedical liability adjustment(33)(21)Other comprehensive (loss) income(11,999)19,966Comprehensive Income$106,507$144,067 GRACO INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(Unaudited) (In thousands) GRACO INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) (In thousands) GRACO INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY(Unaudited) (In thousands) GRACO INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 1. Basis of Preparation The consolidated balance sheet of Graco Inc. and subsidiaries (the “Company”) as of March27, 2026 and the relatedstatements of earnings, comprehensive income and shareholders' equity for the three months ended March27, 2026 andMarch28, 2025, and cash flows for the three months ended March27, 2026 and March28, 2025 have been prepared by theCompany and have not been audited. In the opinion of management, these consolidated financial statements reflect all adjustments (consisting of only normalrecurring adjustments) necessary to present fairly the financial position of the Company as of March27, 2026, and the resultsof operations and cash flows for all periods presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generallyaccepted accounting principles have been condensed or omitted. Therefore, these statements should be read in conjunctionwith the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year endedDecember26, 2025 (the "2025 Annual Report"). The results of operations for interim periods are not necessarily indicative of results that will be rea