GGG News & Events

Graco entered into a definitive agreement to acquire Valco Melton, a global provider of adhesive application and quality assurance systems, for $447M in cash, including the present value of approximately $40M in expected tax benefits, subject to customary adjustments. This represents approximately 14x Valco Melton's full year 2025 EBITDA. The transaction is expected to close in Graco's fiscal third quarter following the satisfaction of closing conditions. Valco Melton designs, manufactures, and supports industrial systems that precisely apply adhesives and verify quality during production. Its solutions are used primarily in packaging and other industrial manufacturing applications where quality, reliability, and consistent performance are critical. Valco Melton has approximately 650 employees, serves customers in more than 80 countries, and generated approximately $145M in revenue in 2025. The transaction supports Graco's long-term strategy by expanding its presence in a growing market segment, enhancing its global reach, and adding capabilities that drive both original equipment and aftermarket demand. Valco Melton will become part of Graco's Industrial division.

WTI Crude Oil remains above $92 per barrel as investors continue to digest the news from the Middle East, particularly with reports that it could be months before the Strait of Hormuz is fully cleared,  though positioning appears to be less sensitive to the headlines regarding the oil shipments.  Major indices saw fresh closing highs today, with S&P 500 solidifying gains above 7,000.  Tech and Communication Services were the best performing areas of the market while the rate-sensitive Real Estate lagged,  with the yield on the 10-year Treasury Note looking more tethered to 4.3% rather than retreating to pre-war 4.0% mark - indeed, CME Fed Watch tool now sees just a 1 in 4 chance of even one more rate cut this year vs. 1 in 3 chance seen a month ago.In the opening hour of the evening session, equities are mixed with a flat Nasdaq 100 futures contract and a 0.2% decline in S&P e-minis.  Teslasaw some heightened volatility after reporting Q1 results, initially jumping nearly 5% on earnings beat before retreating into slightly negative as earnings call from Elon Musk warned of a higher capex projection of more than $25B this year than previous estimates.  Semiconductors were higher however, with Texas Instruments'10% post-Q1 jump on higher than unexpected earnings and Q2 guidance. also pulling up some of its peers.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -United Rentalsup 14.6%Texas Instrumentsup 10.5%; Semiconductors up in sympathy: On Semiup 5.5%, Microchip Technologyup 6.5%; NXP Semiconductors N.V.; Analog Devicesup 4.0%CSXup 7.1%Churchill Downsup 5.1%Hexcelup 4.0%Waste Connectionsup 2.6%CACI Internationalup 2.5%Lam Researchup 2.5%Molina Healthcareup 2.3%DOWN AFTER EARNINGS -ASGNdown 24.4%Medpace Holdingsdown 17.6%ServiceNowdown 12.4%IBMdown 6.6%Patterson-UTI Energydown 5.2%Gracodown 4.2%Knight Swiftdown 3.9%Southwestdown 3.3%Tesladown 1.8%ALSO LOWER -lululemondown 5.0% after confirming Heidi O'Neill as new CEO