{"schema_version":"secwatch.filing_event.v1","accession":"0000042888-24-000003","form_type":"8-K","ticker":"GGG","cik":"0000042888","company_name":"GRACO INC","filed_at":"2024-01-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.616488+00:00","generated_at":"2026-06-06T16:11:40.495001+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Graco reports record Q4 and FY 2023 sales and operating earnings; adjusted EPS up 16% YoY","bullets":["Q4 net sales $566.6M (+2% YoY); FY net sales $2,195.6M (+2% YoY); both records.","Q4 GAAP EPS $0.64 (down 14% YoY); adjusted EPS $0.80 (up 10% YoY).","FY 2023 GAAP EPS $2.94 (up 11% YoY); adjusted EPS $3.04 (up 16% YoY).","FY operating earnings $646.8M (+13% YoY); operating margin expanded to 29.5%.","All segments posted sales growth in Q4; full-year net earnings of $506.5M (+10% YoY)."],"urls":{"canonical":"https://secwatch.observer/filing/0000042888-24-000003","json":"https://secwatch.observer/filing/0000042888-24-000003.json","markdown":"https://secwatch.observer/filing/0000042888-24-000003.md","text":"https://secwatch.observer/filing/0000042888-24-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/42888/000004288824000003/0000042888-24-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/42888/000004288824000003/ggg-20240129.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T16:11:40.495001+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"054de308286cb5175bf5b601a541cbb3e91f7517","claim":"GRACO INC reported the fourth quarter ended December 29, 2023 results: revenue $566.6, net income $110.0, EPS $0.64.","evidence_excerpt":"Graco Inc. (NYSE: GGG) today announced results for the fourth quarter ended December 29, 2023. Summary $ in millions except per share amounts Three Months Ended Twelve Months Ended Dec 29, 2023 Dec 30, 2022 % Change Dec 29, 2023 Dec 30, 2022 % Change Net Sales $ 566.6 $ 555.0 2 % $ 2,195.6 $ 2,143.5 2 % Operating Earnings 169.9 152.5 11 % 646.8 572.7 13 % Net Earnings 110.0 126.2 (13) % 506.5 460.6 10 % Diluted Net Earnings per Common Share $ 0.64 $ 0.74 (14) % $ 2.94 $ 2.66 11 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/42888/000004288824000003/0000042888-24-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 29, 2023"},{"label":"Revenue","value":"$566.6"},{"label":"Net income","value":"$110.0"},{"label":"EPS","value":"$0.64"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"0642a0a7b153c65d54ad253b035e4467c888f363","claim":"GRACO INC reported the twelve months ended December 29, 2023 results: revenue $2,195.6, net income $506.5, EPS $2.94.","evidence_excerpt":"Graco Inc. (NYSE: GGG) today announced results for the fourth quarter ended December 29, 2023. Summary $ in millions except per share amounts Three Months Ended Twelve Months Ended Dec 29, 2023 Dec 30, 2022 % Change Dec 29, 2023 Dec 30, 2022 % Change Net Sales $ 566.6 $ 555.0 2 % $ 2,195.6 $ 2,143.5 2 % Operating Earnings 169.9 152.5 11 % 646.8 572.7 13 % Net Earnings 110.0 126.2 (13) % 506.5 460.6 10 % Diluted Net Earnings per Common Share $ 0.64 $ 0.74 (14) % $ 2.94 $ 2.66 11 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/42888/000004288824000003/0000042888-24-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the twelve months ended December 29, 2023"},{"label":"Revenue","value":"$2,195.6"},{"label":"Net income","value":"$506.5"},{"label":"EPS","value":"$2.94"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}