Valspar Corp. (VAL) Tops Q3 EPS by 12c

Valspar Reports Fiscal Third Quarter 2016 Results

September 7, 2016 7:30 AM EDT

Highlights

Reported diluted EPS of $1.44 (includes pre-tax merger related costs of $5 million) Adjusted diluted EPS increased 18% to $1.57 Total volumes increased 2%, Paints segment volume up 3%, Coatings segment up 1% Net sales declined 1% (includes a negative 2% impact from F/X translation) Reported earnings before interest and taxes (EBIT) increased 3% Adjusted EBIT increased 7% (Adjusted EBIT margin rate up 114 bps)

MINNEAPOLIS--(BUSINESS WIRE)-- Valspar (NYSE: VAL):

Summary Financials

      Fiscal Third Quarter 2016 (Ended July 29, 2016) Reported     %     Adjusted*     % Results     Change     Results     Change       2016     2015           2016     2015       Net Sales     $1,141.9     $1,149.1     (1%)     $1,141.9     $1,149.1... More