Valspar Q3 Sales +1%

[Wednesday, August 15, 2012]  The Valspar Corporation today reported its results for the third-quarter ended July 27, 2012. Third-quarter sales totaled $1.08 billion, an increase of one percent from the third quarter of 2011. Third-quarter adjusted net income per share was $0.97 in 2012, an increase of 21 percent from $0.80 in 2011. Third-quarter adjusted net income per share in 2012 excludes $0.05 per share in restructuring charges. Third-quarter adjusted net income per share in 2011 excludes $0.10 per share in restructuring charges.

Net income for the third quarter of 2012 was $86.4 million and reported earnings per share were $0.92. Net income for the third quarter of 2011 was $67.4 million and reported earnings per share were $0.70. Read More ...