Last $80.79 USD
Change Today -0.08 / -0.10%
Volume 227.1K
As of 8:04 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

valspar corp (VAL) Snapshot

Open
$80.31
Previous Close
$80.87
Day High
$81.13
Day Low
$80.14
52 Week High
07/18/14 - $82.00
52 Week Low
09/3/13 - $61.13
Market Cap
6.7B
Average Volume 10 Days
315.6K
EPS TTM
$3.94
Shares Outstanding
83.5M
EX-Date
08/28/14
P/E TM
20.5x
Dividend
$1.04
Dividend Yield
1.29%
Current Stock Chart for VALSPAR CORP (VAL)

valspar corp (VAL) Related Businessweek News

No Related Businessweek News Found

valspar corp (VAL) Details

The Valspar Corporation manufactures and distributes various coatings, paints, and related products worldwide. The company operates in two segments, Coatings and Paints. The Coatings segment offers decorative and protective coatings for metal, wood, and plastic primarily for original equipment manufacturing customers. Its products include primers, top coats, varnishes, sprays, stains, fillers, and other coatings used in manufacturing industries, such as agricultural and construction equipment, appliances, building products, furniture, metal fabrication, metal packaging, and transportation. This segment also provides color design and technical services. The Paints segment sells paints, primers, topcoats, aerosol spray paints, and automotive refinish paints, as well as crowns for glass bottles, and plastic packaging and bottle closures primarily through retailers, distribution networks, and company-owned stores. The company also manufactures and sells specialty polymers and colorants, as well as sells furniture protection plans, and furniture care and repair products under the Guardsman brand. The company was founded in 1806 and is headquartered in Minneapolis, Minnesota.

valspar corp (VAL) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $950.0K
Chief Financial & Administrative Officer and ...
Total Annual Compensation: $369.2K
Executive Vice President, General Counsel and...
Total Annual Compensation: $455.0K
Chief Technology Officer and Senior Vice Pres...
Total Annual Compensation: $350.0K
Senior Vice President of Human Resources
Total Annual Compensation: $345.0K
Compensation as of Fiscal Year 2013.

valspar corp (VAL) Key Developments

The Valspar Corporation Declares Quarterly Dividend, Payable on September 15, 2014

The Valspar Corporation announced that its Board of Directors declared quarterly dividend of $0.26 per share on the company's common stock. The dividend is payable on September 15, 2014, to shareholders of record on September 2, 2014.

The Valspar Corporation Completes Successful 27-Month Field Trial with Valde Edge Coverage Powder Coating Technology

The Valspar Corporation announced that its Valspar Valde(TM) Edge Coverage Powder (ECP) coating technology has delivered as promised in the real-world environment, achieving corrosion resistance for the Heavy Machinery market. In May 2014, nearly two and a half years after the first Valde ECP coated machine went into field testing, the company conducted its latest field audit of a skid steer loader. This skid steer loader was deployed for a variety of extreme uses, including asphalt grinding. Results show that the edges of the loader held up as well or better than anticipated, especially when compared to sharp edges on machines coated with traditional coatings. Valspar Valde ECP is coating designed to provide edge corrosion resistance for the Heavy Machinery market while achieving the same smooth appearance customers have come to expect, and all at the lowest possible applied cost. The company designed Valde ECP as a technology with the Heavy Machinery market as a key customer segment. With Valde ECP, the powder primer and top coat are applied in a single cure stage, eliminating the capital and operational expenses associated with a second curing oven. Valde ECP provides tough, longer-lasting edge corrosion protection than traditional products while delivering a smooth coating finish.

The Valspar Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 25, 2014; Updates Earnings Guidance for the Year 2014

The Valspar Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended July 25, 2014. For the quarter, the company reported net sales of $1,203,062,000 compared to $1,089,013,000 a year ago. Income from operations was $158,529,000 compared to $155,574,000 a year ago. Income before income taxes was $140,580,000 compared to $138,509,000 a year ago. Net income was $97,833,000 or $1.14 per diluted compared to $93,808,000 or $1.04 per share basic and diluted a year ago. Adjusted EBIT was $164,370,000 compared to $157,757,000 a year ago. Adjusted net income was $103,449,000 or $1.21 per diluted share compared to $96,419,000 or $1.07 per diluted share a year ago. Inventory at the end of the third quarter was $526 million, an increase of 26% versus the prior year. This increase was the result of the addition of Inver and investment in inventory to support new growth initiatives, like Valspar Reserve, Ace and B&Q and other new business wins in the portfolio. For the nine months period, the company reported net sales of $3,289,359,000 compared to $2,995,474,000 a year ago. Income from operations was $397,163,000 compared to $379,625,000 a year ago. Income before income taxes was $346,837,000 compared to $329,722,000 a year ago. Net income was $237,345,000 or $2.74 per diluted compared to $225,745,000 or $2.48 per share basic and diluted a year ago. Adjusted EBIT was $422,977,000 compared to $390,151,000 a year ago. Adjusted net income was $257,203,000 or $2.97 per diluted share compared to $234,771,000 or $2.58 per diluted share a year ago. Adjusted cash flow from operations, which excludes restructuring expenses, was approximately $183 million, a decline of 16%, which reflected the timing of inventory and other working capital investments related to growth initiatives. The company is updating its fiscal 2014 annual sales growth guidance to approximately 9% growth, compared to its previous guidance of 7% to 9% growth. The company is also updating its fiscal 2014 annual diluted EPS (as adjusted) guidance to $4.05 to $4.15, compared to its previous guidance of $3.95 to $4.15.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
VAL:US $80.79 USD -0.08

VAL Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for VAL.
View Industry Companies
 

Industry Analysis

VAL

Industry Average

Valuation VAL Industry Range
No financial data is available for VAL.
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact VALSPAR CORP, please visit www.valspar.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.