GGG changes
Pick any two versions below to diff them.
- Price
- $67.44 → $72.98(+8.2%)
- Discount category
- Below intrinsic value → Close to intrinsic value
- Recent events
- added: Nov 10, 2026: Graco signed a $600 million accelerated share repurchase agreement with Bank of America. It pays with cash on hand and borrowings under its revolving credit facility. It expected an initial delivery of about 80% of the shares on November 11, 2026, and final settlement is planned for March 2027. Oct 21, 2026: Graco reported Q3 2026 results. Net sales rose 8% to $586.4 million, with 4% organic growth and 4% from acquisitions. Operating earnings fell 10% because a gain of $14 million in Q3 2025 did not repeat, and adjusted diluted EPS rose 5% to $0.81. The gross margin fell about 3 percentage points. Organic incoming orders rose 7%. Graco expects Q4 2026 sales of $610 million to $640 million, including Valco Melton. It also licensed its motor technology to ABB for data center cooling equipment. Aug 31, 2026: Graco completed the acquisition of Valco Melton for total cash of about $462 million, subject to adjustments. Graco borrowed $219 million under its $750 million revolving credit facility in Q3 2026 to fund acquisitions. Jul 22, 2026: Graco reported Q2 2026 results. Net sales rose 3% to $590.6 million, mostly from acquisitions, and operating earnings rose 11%, helped by tariff refunds. Graco kept its 2026 guidance for low single-digit organic sales growth at constant currency and mid single-digit growth with acquisitions. It bought back $315 million of shares in the quarter. May 21, 2026: Graco agreed to buy Valco Cincinnati, doing business as Valco Melton, a global provider of adhesive application and quality assurance systems. Apr 22, 2026: Graco reported Q1 2026 results. Net sales rose 2% to $540.1 million, as acquisitions and currency offset an organic decline of 6%. Operating earnings fell 4% because of a lower gross margin and higher expenses. Mar 2, 2026: Graco named Sanjiv Gupta, a finance executive of General Motors, as Chief Financial Officer and Treasurer from April 15, 2026. He succeeded David Lowe, who retired. Feb 20, 2026: The U.S. Supreme Court decided that some tariffs under the International Emergency Economic Powers Act were not valid. Graco began to receive refunds in Q2 2026 and received $9 million, net of related surcharges, in the first nine months of 2026.