Graco Announces $600 Million Accelerated Share Repurchase Agreement
Business Wire•10/11/2026•17:02 ET
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Key Highlights
- ➤Graco (GGG) launches $600 million accelerated share repurchase agreement
- ➤ASR represents approximately 5% of Graco’s outstanding shares
- ➤Graco initially expects to receive and retire approximately 6.9 million shares
- ➤ASR completion is expected in March 2027
- ➤Approximately 17 million shares remained available under Graco’s repurchase authorization
Expert Statements
Mark Sheahan, President and Chief Executive Officer of Graco
“We believe Graco’s shares represent an attractive investment at current levels, and the $600 million accelerated share repurchase reflects our confidence in the company’s long-term value.”
Mark Sheahan, President and Chief Executive Officer of Graco
“Graco’s strong and consistent cash generation enables us to return meaningful capital to shareholders while preserving our ability to invest in organic growth and pursue strategic acquisitions.”
Mark Sheahan, President and Chief Executive Officer of Graco
“We view the ASR as a compelling use of capital that will enhance long-term shareholder value.”
Mark Sheahan, President and Chief Executive Officer of Graco
“Following the repurchase, we still retain significant financial flexibility to support our strategic priorities.”
Graco Announces $600 Million Accelerated Share Repurchase Agreement
Graco Inc. (NYSE: GGG) today announced that it has entered into an accelerated share repurchase (“ASR”) agreement with Bank of America, N.A. to repurchase $600 million of the Company’s shares of common stock. The ASR represents approximately 5% of Graco’s outstanding shares and will be funded with cash on hand and borrowings under the Company’s existing revolving credit facility.
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