Graco Inc.

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SEC Filings

10-Q
GRACO INC filed this Form 10-Q on 07/26/2017
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6.
Segment Information

The Company has three reportable segments, Industrial, Process and Contractor. Sales and operating earnings by segment were as follows (in thousands): 
 
Three Months Ended
 
Six Months Ended
 
June 30,
2017
 
June 24,
2016
 
June 30,
2017
 
June 24,
2016
Net Sales
 
 
 
 
 
 
 
 Industrial
$
174,868

 
$
156,997

 
$
331,258

 
$
304,085

 Process
73,399

 
64,706

 
143,428

 
128,991

 Contractor
131,216

 
126,423

 
245,387

 
219,962

 Total
$
379,483

 
$
348,126

 
$
720,073

 
$
653,038

Operating Earnings
 
 
 
 
 
 
 
 Industrial
$
61,596

 
$
51,052

 
$
115,331

 
$
96,846

 Process
13,418

 
7,634

 
26,881

 
14,911

 Contractor
33,759

 
29,364

 
59,778

 
46,107

 Unallocated corporate (expense)
(10,004
)
 
(9,708
)
 
(17,400
)
 
(18,573
)
 Total
$
98,769

 
$
78,342

 
$
184,590

 
$
139,291


Assets by segment were as follows (in thousands): 
 
June 30,
2017
 
December 30,
2016
Industrial
$
575,789

 
$
546,366

Process
329,340

 
318,444

Contractor
260,920

 
208,016

Unallocated corporate
175,728

 
170,283

Total
$
1,341,777

 
$
1,243,109


Geographic information follows (in thousands):
 
Three Months Ended
 
Six Months Ended
 
June 30,
2017
 
June 24,
2016
 
June 30,
2017
 
June 24,
2016
Net Sales (based on customer location)
 
 
 
 
 
 
 
United States
$
194,619

 
$
186,284

 
$
369,473

 
$
339,285

Other countries
184,864

 
161,842

 
350,600

 
313,753

Total
$
379,483

 
$
348,126

 
$
720,073

 
$
653,038

 
June 30,
2017
 
December 30,
2016
Long-lived Assets
 
 
 
United States
$
155,271

 
$
151,911

Other countries
38,339

 
37,685

Total
$
193,610

 
$
189,596



9

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