Business Wire·Nov 10, 2026, 5:02 PM ET

Graco Announces $600 Million Accelerated Share Repurchase Agreement

Graco Inc. entered an accelerated share repurchase (ASR) agreement with Bank of America, N.A. to repurchase $600 million of its common stock.
The transaction represents approximately 5% of Graco's outstanding shares & will be funded via cash on hand & borrowings under the existing revolving credit facility.
Graco made an upfront payment of $600 million & expects to initially receive & retire approximately 6.9 million shares, which is about 80% of the initial calculation based on the November 10, 2026 closing price.
The final number of shares repurchased will be determined at settlement based on the volume-weighted average share price during the term, less a discount & subject to adjustments.
The transaction is expected to be completed in March 2027.
The repurchase utilizes the company's existing authorization, which had approximately 17 million shares remaining available as of November 10, 2026.
CEO Mark Sheahan stated the move reflects confidence in long-term value & aims to enhance shareholder value while preserving financial flexibility for organic growth & acquisitions.