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Markets :: Specialty Chemicals :: Paints and Coatings

Valspar's Earnings and Sales Increase

7:23 AM MDT | May 15, 2012 | Lindsay Frost

Valspar’s second-quarter 2012 net earnings grew 36% year-on-year, to $76.5 million.  Adjusted earnings were $111 million, increasing 32% and exclude restructuring charges and income taxes. The company is set to increase earnings charges to 30-35 cts/share this year. The company’s net sales grew 4% on-year, to $1.03 billion. Adjusted earnings of 64 cts/share fell in line with analyst estimates, according to Thomson Reuters (New York). “We were pleased with our performance in the quarter,” says Gary Hendrickson, president and CEO...

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