Graco Inc.

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SEC Filings

10-K
GRACO INC filed this Form 10-K on 02/17/2015
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Issuer Purchases of Equity Securities

On September 14, 2012, the Board of Directors authorized the Company to purchase up to 6,000,000 shares of its outstanding common stock, primarily through open-market transactions. The authorization expires on September 30, 2015.

In addition to shares purchased under the Board authorization, the Company purchases shares of common stock held by employees who wish to tender owned shares to satisfy the exercise price or tax withholding on stock option exercises.

Information on issuer purchases of equity securities follows:

 

Period

Total
Number
of Shares
Purchased
  Average
Price
Paid per
Share
  Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
  Maximum Number
of Shares that May
Yet Be Purchased
Under the Plans
or Programs
(at end of period)
 

Sep 27, 2014 - Oct 24, 2014

  277,035   $ 71.11     277,035     2,887,377  

Oct 25, 2014 - Nov 21, 2014

  200,000   $ 78.52     200,000     2,687,377  

Nov 22, 2014 - Dec 26, 2014

  230,000   $ 79.59     230,000     2,457,377  

Item 6. Selected Financial Data

Graco Inc. and Subsidiaries (in thousands, except per share amounts)

 

  2014   2013   2012   2011   2010  

Net sales

$   1,221,130   $   1,104,024   $   1,012,456   $   895,283   $   744,065  

Net earnings

  225,573     210,822     149,126     142,328     102,840  

Per common share

Basic net earnings

$ 3.75   $ 3.44   $ 2.47   $ 2.36   $ 1.71  

Diluted net earnings

  3.65     3.36     2.42     2.32     1.69  

Cash dividends declared

  1.13     1.03     0.93     0.86     0.81  

Total assets

$ 1,544,778   $ 1,327,228   $ 1,321,734   $ 874,309   $ 530,474  

Long-term debt (including current portion)

  615,000     408,370     556,480     300,000     70,255  

Net sales in 2012 included $93 million from Powder Finishing operations acquired in April 2012. The Company used long-term borrowings and available cash balances to complete the $668 million purchase of Powder Finishing and Liquid Finishing businesses in 2012.

 

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