Dividends & Buybacks ·
Graco enters $600M accelerated share repurchase agreement with Bank of America
GGGGraco Inc
Graco Inc. announced it has entered into an accelerated share repurchase (ASR) agreement with Bank of America, N.A., to repurchase up to $600 million of its common stock. The transaction is funded using cash on hand and borrowings under the company's existing revolving credit facility. Graco expects to initially receive approximately 6.9 million shares, representing about 80% of the $600 million value divided by the closing price on November 10, 2026. Final settlement is scheduled for March 2027, with the total number of shares determined based on the volume-weighted average share price during the term. This repurchase utilizes approximately 5% of Graco's outstanding shares and falls under its current authorization, which had about 17 million shares remaining as of November 10, 2026. Graco Inc. supplies technology and expertise for the management of fluids and coatings in industrial and commercial applications.