PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


Valspar Reports ‘Strong Earnings Performance’

Tuesday, August 18, 2009

Comment | More

Sales declined, but adjusted net income per share increased in overall third-quarter “strong earnings performance” by The Valspar Corporation, the company reported Aug. 17.

In reporting results for the third quarter ended July 31, the global paint and coatings maker said third-quarter sales had totaled $794.6 million, 17.0 percent lower than sales in the third quarter of 2008. Third-quarter adjusted net income per share increased to $0.67 in 2009 from $0.50 in 2008.

Third-quarter adjusted net income per share for both 2009 and 2008 excludes non-cash adjustments of $0.03 per share for Huarun minority interest shares and a $0.03 per share charge related to restructuring actions.

Net income for the third quarter of 2009 was $65.0 million. Third-quarter reported earnings per share in 2009 were $0.61. Net income for the third quarter of 2008 was $47.0 million. Third-quarter reported earnings per share in 2008 were $0.44.

“We are pleased with our strong earnings performance for the quarter,” said William L. Mansfield, Valspar chairman and chief executive officer. “Our restructuring actions have improved the efficiency of our operations and we continue to improve our competitive position.

“Valspar employees have done an outstanding job of controlling costs and remain focused on adding value for our customers. Looking ahead, we now expect to deliver fiscal year 2009 adjusted net income per share in the range of $1.67 to $1.72 excluding restructuring charges.”

For more information, visit www.valsparglobal.com.

   

Tagged categories: Earnings reports; Valspar

Comment Join the Conversation:

Sign in to our community to add your comments.

Bullard

The Next Generation
of Blasting

• Lightest
• Coolest
• Most Comfortable
• Most Dependable


DeHumidification Technologies
HUMIDITY PROBLEMS?

DH Tech has the most innovative and reliable equipment available to
control humidity efficiently
and effectively.
IT'S UNDER CONTROL!


Elcometer, Inc.
Durability & Design meet
Performance & Reliability

Elcometer 319 Dewpoint Meter
View the technical data on the Elcometer Dewpoint meter.


Industrial Vacuum Equipment Corp.
Hurricane Vacuums
& Dust Collectors

Vacuum and dust collector hose, filters and related accessories.
IndustrialVacuum.com


Dampney Co., Inc.
High Temperature Paint

• Prevent Rust / Corrosion
• High Build / Hot Apply
• Custom Colors / VOC-Compliant
• Offshore/Petro Chem/ Refining/Power Industries
• Over 90 Years of Experience


US Minerals
US Minerals -
Black Magnum

With nationwide production and distribution capabilities, U.S. Minerals supplies a complete range of coal slag and other abrasives to meet all of your blasting needs.


PaintSquare
SSPC 2014 Product Demos

Watch product demos by SSPC 2014 exhibitors. Check them out now!

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com