Valspar Earnings Rise

Valspar has reported fiscal third-quarter net income of $86 million, up 28% from the year-ago quarter, on sales up 1%, to $1.1 billion. Adjusted net income, excluding 5 cts/share in restructuring charges, totaled 97 cts/share. Valspar’s fiscal third quarter ended on July 27.   “Looking ahead to our fourth quarter, we expect continued softness in some international markets and modest growth in North America. However, we are confident the strength of our portfolio, our growth initiatives and our proven ability to drive productivity improvements...

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