Graco(US:GGG)2026-02-17 18:15Sales and Revenue - In 2025, the Contractor segment represented approximately 48% of total sales, while the Industrial segment accounted for about 45%[30][34]. - Sales in the Americas constituted approximately 60% of total sales, with EMEA at 24% and Asia Pacific at 16%[18]. - The Expansion Markets segment represented approximately 7% of total sales in 2025, focusing on pumps for the semiconductor industry and environmental monitoring equipment[40]. - The Industrial segment accounted for approximately 45% of total sales in 2025, focusing on equipment and solutions for various industries, with a majority of business outside North America[34]. Product Development and Innovation - Total product development expenditures were $82 million in 2025, averaging about 4% of sales over the last three years[27]. - The company has made significant investments in product innovation and market expansion, focusing on automation and data analytics[16][26]. - The company focuses on product innovation, with significant investments aimed at enhancing automation and configurability[26]. Acquisitions and Market Expansion - The company completed two acquisitions in 2025, enhancing product offerings in the Contractor and Industrial segments[14]. Manufacturing and Operations - Manufacturing capacity is sufficient for current demand, with significant expansion projects completed in the U.S., Switzerland, and Romania in 2024 and 2023[25]. - Manufacturing operations are primarily located in the U.S., with additional facilities in Switzerland, Italy, China, India, Belgium, and Romania[22]. - The company sources raw materials globally, primarily from the Asia Pacific region, to manage costs and ensure availability[41][42]. - The company actively manages supplier relationships and conducts risk assessments to address fluctuations in material prices and availability[42]. Employee Engagement and Culture - As of December 26, 2025, the company employed approximately 4,400 persons, with 1,900 employees based outside the U.S.[46]. - The company has a strong culture of employee engagement, with an average tenure of nearly 11 years for all employees[51]. - The average tenure of executive officers responsible for setting overall strategy is nearly 22 years, while the average tenure of all employees is nearly 11 years[51]. Health, Wellness, and Safety - The company’s Health, Wellness, and Safety program aims to reduce absenteeism and promote healthier lifestyle choices among employees[49]. - The company has a strong focus on health, wellness, and safety, prioritizing the prevention of occupational injuries and illnesses[49]. Compliance and Competition - Compliance with government regulations did not materially affect capital expenditures or earnings during the fiscal year ended December 26, 2025[45]. - The company faces competition from various U.S. and foreign companies, with a focus on product quality, innovation, and customer support to maintain competitiveness[44]. Community Engagement - The company emphasizes community engagement through the Graco Foundation, focusing on educational programs, workforce development, and youth development[53]. Intellectual Property - The company owns numerous patents and trademarks, which are material to its business, but is not materially dependent on any single patent or license[43].