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Valspar results up on strength in coatings

11:48 AM MDT | August 12, 2014 | Lindsay Frost

Valspar says that net income for the quarter ended 25 July was $97.8 million, up 4% year-on-year (YOY). Reported earnings of $1.14/share dipped slightly below analyst estimates of $1.16/share, according to Thomson Reuters (New York). Sales of $1.2 billion grew 10% YOY. “These results were driven by the successful integration of acquisitions, strong performance from China and Europe, improved sales and profitability in our coatings segment, benefits of growth initiatives, investments in innovative products, and the positive impact of productivity...

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