Graco Inc.

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SEC Filings

10-K
GRACO INC filed this Form 10-K on 02/17/2015
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The Company completed other business acquisitions in 2014, 2013 and 2012 that were not material to the consolidated financial statements.

Subsequent events: In January 2015, the Company completed the acquisition of High Pressure Equipment Holdings, LLC (HiP) for $160 million. HiP designs and manufactures valves, fittings and other flow control equipment engineered to perform in ultra-high pressure environments. The Company also acquired White Knight Fluid Handling, a manufacturer of high purity, metal free pumps used in the production process of manufacturing semiconductors, solar panels, LED flat panel displays and various other electronics, and Multimaq-Pistolas e Equipamentos Para Pintura Ltda., a manufacturer and distributor of finishing products in the Brazilian market.

M. Quarterly Financial Information (unaudited)

 

  First
Quarter
  Second
Quarter
  Third
Quarter
  Fourth
Quarter
 

2014

Net Sales

$ 289,962   $ 322,549   $ 302,614   $ 306,005  

Gross Profit

  159,312     176,850     165,814     164,760  

Net Earnings

  50,745     66,236     59,551     49,041  

Basic Net Earnings per Common Share

$ 0.83   $ 1.10   $ 0.99   $ 0.83  

Diluted Net Earnings per Common Share

  0.81     1.07     0.97     0.80  

Cash Dividends Declared per Common Share

  0.28     0.28     0.28     0.30  

2013

Net Sales

$ 269,046   $ 286,020   $ 277,035   $ 271,923  

Gross Profit

  150,644     158,739     150,873     147,199  

Net Earnings

  52,130     57,843     56,101     44,748  

Basic Net Earnings per Common Share

$ 0.86   $ 0.94   $ 0.91   $ 0.73  

Diluted Net Earnings per Common Share

  0.84     0.92     0.89     0.71  

Cash Dividends Declared per Common Share

  0.25     0.25     0.25     0.28  

 

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