On this page of StockholderLetter.com we present the 3/12/2025 shareholder letter from GRACO INC — ticker symbol GGG. Reading current and past GGG letters to shareholders can bring important insights into the investment thesis.
![0102 456 789
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• 
3/12/2025 Letter Continued (Full PDF)
•
3/15/2023 GGG Stockholder Letter
• 3/13/2024 GGG Stockholder Letter
• 3/11/2026 GGG Stockholder Letter
• More "Industrial Machinery & Equipment" Category Stockholder Letters
•
GGG Benford's Law Stock Score = 70
3/12/2025 Letter Continued (Full PDF)
•
3/15/2023 GGG Stockholder Letter•
3/13/2024 GGG Stockholder Letter•
3/11/2026 GGG Stockholder Letter•
More "Industrial Machinery & Equipment" Category Stockholder Letters•
GGG Benford's Law Stock Score = 70GGG 3/12/2025 Shareholder/Stockholder Letter Transcript:
01 134 56748619845
?74@ AB 568767C
> " " -80
' /0 $ 1 ) ) ! ) ' ) " *
& 0 $ ( ! " " " * ' ) )
" ' ! 2( ' " ' ' % )
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) ! ! ) ! ' # 2 ' ! )
" ) * 3' ! ' " ! "' " ) "' % + )
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! "' ' " ) ' ) 2 ! %
01 344565718 9 51 64 51 6 6 796 7 7 51 6 7 6
7 6571 7 3 51 36 6 7 6 7 6 71 51 7
19 8 3 776 456 5 6571 16 51 3 6718 !511 7638 3
"#$8 3 776 % 31571 7 7 &17 38 !511 763 3 5 56 314
3 19 34 3 6 7 7 ' 3 51 51 '7 3 8 (956) 314
(51 * "+8 9 3 51 64 13 , 5 571 67 51 3
7 3 3 56 3 7%5 36 " + 5 571 3 68 1 51
9 3 9 7565714 67 79 7 51
56 3 3 1 51 3 8 9 16 * * 956 71-41 314 3
3 5571 7 6 6 . 7 6 36 58 4 551 511736571
6 7 19 74 6 4 7 168 % 31451 456 5 65718 16 51
19 3 6 314 51 6 36 5 3 5565718 351 1 31 4
3 634 36 51 7 5 636 51 7 67 36 6
16 7 651 9 47 5 6 67 71 6
/7 13 3 16 8 ' 3 7 314 56 7 3 4 716 364
3 3 5 51 8 343 651 314 6 551 51 6 3 7 3 1
& 9 77 7 93 4 67 3651 7 161153 3115 3 51 * *$8
9 7 15) 636 7 5 5 6 6 7 3 314 3 497 51
7 636 3 34 ' 3 7 6 51 45 7 315)36571 56 5 6743
031 7 7 7 71651 4 6 6 314 71-41 51 ' 3 7
0102 456 789
CDE
'( *+ ,+ + - ./0- 12- 3 - . +, * . -* 1 - 4 3 / ,+ 5+.+6 4
* ,+ 6 .4 -* 4 1 / - 5. / + 6 . 6 7 , 50 ./ * +6+ +.58 6 9+ : ( ( ,+
./0- * . -; -* 1 50.- 4+6 9 ( /0 < 6 4+.- 04 +. ./ * += /
./0- * . - 9 ( ( 5+.+6 4-> * ,+ 6 .4 ./ - = 4 < 1 ( 1 . / + .?+1
./ @4 ( ?+<-; '( 6 .0 * --0 , / 50.- = < . ( 5( =+ 06 +9
* --0 > 4+.= . +. ./ 4+6* . 4(.+ +5 -;
!!"#$% AB
CDE 5( .- ( + / ,+ ./0- * . - 9 ( 0. F0 4 <+. .,+ 4 / 4+.- 04 +.>
5( 55 *0 ./ -9 = (+- - ( - 1 6+= 9 ( 1+0; '( -* 1 50. 9 5(- +. 1
GHI 5 6- JK;L +0.4 -M N 6 : .5 0* + OH * 4 . 5( ( . 6+- .1 + (
6 .0 * --0 , / -* 1 ;
PBQ
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ST #PUVR P WX U YZ" #[ PUV $#\
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4(.+ +51 9 ( bbH :c 4( 5 .5 *+9 > / = - ( 5( * +/04 = 1> .4 - / * +/04 +.
-* /- ./ 6 @ 606 .-, d4 .41> -0 .5 . 0 6 4+ .5 * ,+ 6 .4 ;
'( +<0- 50. / - 5. .-0 - < 1> F0 1 ./ < - 4+ .5
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4 +- 4- ./ 6 h. . ' 4(.+ +51 / .- 8*( - *+9/ / = 1 . +.
= 1 4+6* 4 / = 4 ; '( *06* +9- 6 @ 606 4+ .5 * ,+ 6 .4 ./ @ ./-
( ** 4 +. .5 - 5. 34 . 1i 4+= .5 ( 5( F0 1 4+ .5->
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3/12/2025 Letter Continued (Full PDF)
GGG Stockholder/Shareholder Letter (GRACO INC) 3/12/2025 | www.StockholderLetter.com
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