Graco IncGGG

Graco Inc. just dropped a 10-Q that reads less like a filing and more like a cash machine with a pulse: $590.6 million in revenue, $144.9 million in net income, and $298 million in operating cash flow for the quarter ending 30 June 2026. The company also managed to shrink inventories by $3.7 million while stacking $507.6 million in cash-numbers that would make most mid-cap CFOs look like over-caffeinated day traders. (source: 10-Q, period ending 2026-06-26, https://www.sec.gov/Archives/edgar/data/42888/000004288826000123/ggg-20260626.htm)

What Graco actually makes are precision fluid-handling systems-pumps, valves, and adhesive applicators that keep industrial guts from turning into a Rube Goldberg nightmare. The company’s latest deal, announced on 21 May 2026, brings Valco Cincinnati (Valco Melton) into the fold, a global player in glue and quality-assurance systems. The filing doesn’t say how much Graco paid, but it does say the target is now under Graco’s roof, expanding its sticky-finger portfolio. (source: SEC EDGAR 8-K, 2026-05-21, https://www.sec.gov/Archives/edgar/data/42888/000004288826000110/ggg-20260521.htm)

Graco’s balance sheet is the headline act: $3.13 billion in assets, $2.52 billion in stockholders’ equity, and enough cash to buy a mid-sized industrial distributor outright. Operating income clocked in at $175.1 million, while R&D stayed lean at $19.8 million-cheap insurance against the next wave of automation obsolescence. The only real moving part is the share count: 165.7 million diluted shares produced $0.87 EPS, so every penny is being stretched across a widening pool of equity. (source: 10-Q, period ending 2026-06-26, https://www.sec.gov/Archives/edgar/data/42888/000004288826000123/ggg-20260626.htm)

For a company this cash-rich, the board has been busy signing executives up to stock incentive plans that pay out entirely in Graco shares upon departure. Six Form 4 filings on 1 July 2026 show identical language: awards under the Amended and Restated 2019 Stock Incentive Plan, settled 100% in common stock in a lump sum or installments upon termination of board service. In other words, dilution is on the menu, and the board is dining well. (source: GGG 4 (2026-07-01), https://www.sec.gov/Archives/edgar/data/42888/000004288826000120/xslF345X06/form4.xml; https://www.sec.gov/Archives/edgar/data/42888/000004288826000119/xslF345X06/form4.xml; https://www.sec.gov/Archives/edgar/data/42888/000004288826000118/xslF345X06/form4.xml; https://www.sec.gov/Archives/edgar/data/42888/000004288826000117/xslF345X06/form4.xml; https://www.sec.gov/Archives/edgar/data/42888/000004288826000116/xslF345X06/form4.xml)

If you want a chart, the SEC’s Company Facts JSON and Submissions JSON are the closest you’ll get to a live data feed, but they’re raw machine-readable files, not candlesticks. They prove Graco’s filing cadence, not its next move. (source: Company Facts JSON, https://data.sec.gov/api/xbrl/companyfacts/CIK0000042888.json; Submissions JSON, https://data.sec.gov/submissions/CIK0000042888.json)

What remains unproven is how much Graco paid for Valco Cincinnati and whether the premium will juice margins fast enough to offset dilution. The filing says nothing about purchase price, integration timelines, or cost synergies-just that the deal is done. That’s enough to keep analysts guessing and boards nodding, but not enough to declare victory. (source: SEC EDGAR 8-K, 2026-05-21, https://www.sec.gov/Archives/edgar/data/42888/000004288826000110/ggg-20260521.htm)