IHS Chemical Week

People & Business :: Companies

Valspar Swings to Loss on Housing-Related Charge

11:42 AM MST | November 22, 2011 | Vincent Valk

Valspar fell to a net loss of $295.7 million for the fiscal fourth-quarter, or $3.18/share, on a $410-million goodwill impairment charge related its 2000 acquisition of Lilly Industries. Sales for the fiscal fourth quarter rose 19.4% to $1.047 billion. Excluding a $3.82/share non-cash impairment charge for goodwill and a 13 cts/share share restructuring charge, reported earnings were 84 cts/share, a 50% increase from the year-ago quarter. The former Lilly wood coatings and gelcoat product lines, the source of the goodwill impairment charge, serve end-markets...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.



Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.

 














 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa