---
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"
generated_at: "2026-06-06T16:11:40.495001+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Graco reports record Q4 and FY 2023 sales and operating earnings; adjusted EPS up 16% YoY

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000042888-24-000003
- JSON: https://secwatch.observer/filing/0000042888-24-000003.json
- Plain text: https://secwatch.observer/filing/0000042888-24-000003.txt

## Key facts
- Earnings Releases
  GRACO INC reported the fourth quarter ended December 29, 2023 results: revenue $566.6, net income $110.0, EPS $0.64.
  - Period: the fourth quarter ended December 29, 2023
  - Revenue: $566.6
  - Net income: $110.0
  - EPS: $0.64
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/42888/000004288824000003/0000042888-24-000003-index.htm
- Earnings Releases
  GRACO INC reported the twelve months ended December 29, 2023 results: revenue $2,195.6, net income $506.5, EPS $2.94.
  - Period: the twelve months ended December 29, 2023
  - Revenue: $2,195.6
  - Net income: $506.5
  - EPS: $2.94
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/42888/000004288824000003/0000042888-24-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.