Graco Inc.

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SEC Filings

10-Q
GRACO INC filed this Form 10-Q on 10/25/2017
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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
 
Nine Months Ended
 
September 29,
2017
 
September 23,
2016
 
September 29,
2017
 
September 23,
2016
Net Sales
 
 
 
 
 
 
 
 Industrial
$
178,461

 
$
150,893

 
$
509,719

 
$
454,978

 Process
73,656

 
67,077

 
217,084

 
196,068

 Contractor
127,695

 
109,222

 
373,082

 
329,184

 Total
$
379,812

 
$
327,192

 
$
1,099,885

 
$
980,230

Operating Earnings
 
 
 
 
 
 
 
 Industrial
$
61,790

 
$
50,573

 
$
177,121

 
$
147,419

 Process
12,088

 
10,394

 
38,969

 
25,305

 Contractor
33,471

 
25,593

 
93,249

 
71,700

 Unallocated corporate (expense)
(7,712
)
 
(5,096
)
 
(25,112
)
 
(23,669
)
 Total
$
99,637

 
$
81,464

 
$
284,227

 
$
220,755


Assets by segment were as follows (in thousands): 
 
September 29,
2017
 
December 30,
2016
Industrial
$
575,024

 
$
546,366

Process
335,769

 
318,444

Contractor
254,342

 
208,016

Unallocated corporate
239,088

 
170,283

Total
$
1,404,223

 
$
1,243,109


Geographic information follows (in thousands):
 
Three Months Ended
 
Nine Months Ended
 
September 29,
2017
 
September 23,
2016
 
September 29,
2017
 
September 23,
2016
Net Sales (based on customer location)
 
 
 
 
 
 
 
United States
$
190,178

 
$
171,988

 
$
559,651

 
$
511,273

Other countries
189,634

 
155,204

 
540,234

 
468,957

Total
$
379,812

 
$
327,192

 
$
1,099,885

 
$
980,230

 
September 29,
2017
 
December 30,
2016
Long-lived Assets
 
 
 
United States
$
161,034

 
$
151,911

Other countries
38,394

 
37,685

Total
$
199,428

 
$
189,596



10

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