valspar corp/the (VAL) Key Developments
Valspar Corporation Expands Production Capacity for Valspar Pipeclad Technology in Europe
Apr 22 15
Valspar Corporation announced the expansion of its production capability for the Valspar Pipeclad® family of fusion-bonded epoxy powder products in Europe. In April, Valspar began expanded manufacturing of Pipeclad products at its Thouars, France facility to meet growing global demand. Valspar Pipeclad fusion-bonded epoxy products are used as the corrosion protection layer for single-, dual- and three-layer applications on a wide variety of pipe sizes and wall thicknesses. Valspar's Pipeclad fusion-bonded epoxy coating protects against underground soil stress, bacteria and fungus attacks, soil acids and alkalis - as well as the corrosive elements associated with underwater use, including saltwater, wastewater, petrochemicals, solvents and corrosive gases.
Valspar Corporation Opens New Advanced Manufacturing Center in Tianjin, China
Apr 13 15
Valspar Corporation announced that it has opened a new advanced manufacturing center in Tianjin, China to serve customers with a wide range of innovative paints and coatings products. The new Tianjin manufacturing center was designed to achieve top safety and quality performance while delivering best-in-class productivity. The facility features expanded capacity for waterborne coatings products with fully automated production and high-speed filling lines. Valspar's facilities are designed for high productivity, and safe, efficient and environmentally sound manufacturing processes. This multi-purpose facility supports customers in the company's consumer paint, wood coatings and industrial coatings businesses.
The Valspar Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended January 30, 2015; Reaffirms Earnings Guidance for the Year 2015
Feb 24 15
The Valspar Corporation reported unaudited consolidated earnings results for the first quarter ended January 30, 2015. For the quarter, the company reported net sales of $991,973,000 against $956,119,000 a year ago. These results were driven by improved sales and profitability in Coatings segment, strong performance from China, new business wins in many of product lines and the benefits from productivity initiatives. Income from operations was $157,356,000 against $95,560,000 a year ago. Income before income taxes was $142,006,000 against $79,257,000 a year ago. Net income was $103,974,000 against $53,553,000 a year ago. Net income per diluted share was $1.24 against $0.61 a year ago. Capital expenditures were $17,839,000 against $20,991,000 a year ago. EBIT was $158,321,000 against $95,189,000 a year ago. Adjusted EBIT was $116,863,000 against $106,995,000 a year ago. Adjusted net income was $70,876,000 against $61,134,000 a year ago. Adjusted net income per diluted share was $0.85 against $0.70 a year ago.
For the year 2015, the company reaffirmed its adjusted diluted EPS guidance of $4.45 to $4.65. The company expects diluted EPS of $4.79 to $4.94.
The Valspar Corporation Declares Quarterly Dividend, Payable on March 13, 2015
Feb 18 15
The Valspar Corporation announced that its Board of Directors declared a quarterly dividend of $0.30 per share on the company's common stock. The dividend is payable on March 13, 2015, to shareholders of record on March 2, 2015.
The Valspar Corporation Presents at Gabelli & Company 6th Annual Specialty Chemicals Conference, Mar-26-2015 09:00 AM
Feb 10 15
The Valspar Corporation Presents at Gabelli & Company 6th Annual Specialty Chemicals Conference, Mar-26-2015 09:00 AM. Venue: The Harvard Club, 35 W. 44th St., New York, New York, United States.