Graco
21 named things its latest annual report says its results depend on, each in the company's own words. 19 of them are also named by other companies we've read.
Customers
Semiconductor industry
earns from · approximately 7 percentThe Expansion Markets segment represented approximately 7 percent of our total sales in 2025 and includes pumps for use in the semiconductor industry; high pressure and ultra-high pressure valves used in the oil and natural gas industry; and environmental monitoring and remediation equipment that is used to conduct ground water sampling, ground water remediation, and for landfill liquid and gas management.Business (Item 1)
Construction industry
earns fromnamed as a riskOur business may be affected by fluctuations in residential, commercial, industrial and institutional building and remodeling activities.Risk factors (Item 1A)
Automotive industry
earns fromnamed as a riskOur business may also be affected by fluctuations of activity in the automotive, electronics, aerospace, semiconductor, and agriculture and construction equipment industries.Risk factors (Item 1A)
Contractor segment large channel partners
concentrated innamed as a riskOur Contractor segment, which is our largest reporting segment by sales, derives a significant amount of revenue from a few large channel partners.Risk factors (Item 1A)
Suppliers
Single-source suppliers
depends onnamed as a riskWhile many of our raw materials, parts and components are generally commercially available from a number of sources, some of them are sourced from single suppliers, which has limited, and could continue to limit, their availability when those suppliers are unable or unwilling to meet our production requirements and we are unable to timely source such items from an alternative supplier.Risk factors (Item 1A)
Also named by ACHR, AMAT, BAX, BSX, BWXT, CL, DOV, EL and 11 more
Partners and platforms
Home center channel
earns fromCertain sprayers and accessories are distributed globally through the home center channel.Business (Item 1)
Places
Outside the United States
earns from · approximately 48 percentnamed as a riskIn 2025, approximately 48 percent of our sales were generated by customers located outside the U.S.Risk factors (Item 1A)
Also named by APD, ARW, BALL, CCK, COO, GIS, HPE, LITE and 10 more
Asia Pacific
earns from · approximately 16 percentSales in EMEA represented approximately 24 percent and sales in Asia Pacific represented approximately 16 percent.Business (Item 1)
Also named by AIG, AVY, BLK, BNY, CCK, CL, COHR, DCI and 17 more
Americas
earns from · approximately 60 percentFor 2025, sales in the Americas represented approximately 60 percent of our Company’s total sales.Business (Item 1)
Also named by BLK, CYRX, DELL, EMR, FDS, FICO, GS, HLIO and 6 more
Europe, Middle East and Africa (EMEA)
earns from · approximately 24 percentSales in EMEA represented approximately 24 percent and sales in Asia Pacific represented approximately 16 percent.Business (Item 1)
China
depends onnamed as a riskIn addition, we source some of our materials, parts and components from suppliers located in China.Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
Asia
competes withnamed as a riskCompetitors who attempt to copy our products are prevalent in Asia, and they are increasingly offering their low-cost copies outside of Asia, including in Europe and North America.Risk factors (Item 1A)
Also named by AAPL, AYI, CART, CB, CDW, CHD, CLS, COHR and 31 more
United States
operates inWe manufacture a majority of our products in the United States (“U.S.”).Business (Item 1)
Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more
Hazards
Commodities and inputs
Euro
exposed to its pricenamed as a riskAt December 26, 2025, the currencies to which the Company had the most significant balance sheet exchange rate exposure were the euro, Swiss franc, Canadian dollar, British pound, Japanese yen, Australian dollar, Chinese renminbi, South Korean won, Brazilian real and Indian rupee.Market risk (Item 7A)
Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more
Electronic components
depends onnamed as a riskWe source a large volume and a variety of electronic components, which exposes us to an increased risk of counterfeit components entering our supply chain.Risk factors (Item 1A)
Also named by HUBB, JOUT, LECO, MSA, NVT, ROK, SNA, SYK and 4 more
Steel
exposed to its priceThe primary materials and components in our products are steel of various alloys, sizes and hardness; specialty stainless steel and aluminum bar stock, tubing and castings; tungsten carbide; electric and gas motors; injection molded plastics; sheet metal; forgings; powdered metal; hoses; electronic components and high-performance plastics, such as polytetrafluoroethylene ("PTFE").Business (Item 1)
Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more
Laws and programs
OECD Pillar Two global minimum tax
subject to · 15%named as a riskThe Company’s effective tax rate has been and may continue to be affected by changes in the mix of earnings in jurisdictions with differing statutory tax rates, changes in the valuation of deferred tax assets and liabilities, and changes in tax laws or their interpretation, such as the 15% global minimum tax under the Organization for Economic Cooperation and Development ("OECD") Pillar Two, Global Anti-Base Erosion Rules.Risk factors (Item 1A)
Also named by ABNB, ACN, ADI, ADM, ADSK, AKAM, ALB, AMAT and 70 more
U.S. tariffs on imports
subject tonamed as a riskThis has resulted in higher costs to the Company for certain raw materials and components it imports and uses in the manufacture of its products, as well as higher prices to purchasers of the Company’s products in certain foreign geographies and opportunities for competitors to enhance their presence in markets in which we participate.Risk factors (Item 1A)
Also named by AAP, ABT, ALLY, ATR, AZO, BBW, BWA, CMG and 19 more