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Last $72.79 USD
Change Today +1.64 / 2.30%
Volume 757.0K
As of 8:04 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

valspar corp/the (VAL) Snapshot

Open
$72.22
Previous Close
$71.15
Day High
$72.79
Day Low
$71.94
52 Week High
02/24/15 - $90.91
52 Week Low
09/1/15 - $70.88
Market Cap
5.8B
Average Volume 10 Days
1.0M
EPS TTM
$4.67
Shares Outstanding
80.4M
EX-Date
08/28/15
P/E TM
15.6x
Dividend
$1.20
Dividend Yield
1.65%
Current Stock Chart for VALSPAR CORP/THE (VAL)

valspar corp/the (VAL) Related Businessweek News

No Related Businessweek News Found

valspar corp/the (VAL) Details

The Valspar Corporation develops, manufactures, and distributes a range of coatings, paints, and related products worldwide. It 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 offers various paints, primers, topcoats, and aerosol spray paints through retailers, distribution networks, and company-owned stores under the VALSPAR, CABOT, HUARUN, WATTYL, SOLVER, PLASTI-KOTE, DE BEER, OCTORAL, and HOUSE OF KOLOR brands. 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.

10,800 Employees
Last Reported Date: 08/25/15
Founded in 1806

valspar corp/the (VAL) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $969.2K
Chief Financial & Administrative Officer and ...
Total Annual Compensation: $606.9K
Executive Vice President, General Counsel and...
Total Annual Compensation: $462.0K
Chief Technology Officer and Senior Vice Pres...
Total Annual Compensation: $358.1K
Senior Vice President of Human Resources
Total Annual Compensation: $358.3K
Compensation as of Fiscal Year 2014.

valspar corp/the (VAL) Key Developments

The Valspar Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 31, 2015; Revises Earnings Guidance for the Year of 2015

The Valspar Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2015. For the quarter, the company reported net sales of $1,149,126,000 compared with $1,229,304,000 a year ago. Income from operations was $165,728,000 compared with $158,529,000 a year ago. Income before income taxes was $143,036,000 compared with $140,580,000 a year ago. Net income was $102,862,000 or $1.25 per diluted share compared with $97,833,000 or $1.14 per diluted share a year ago. Capital expenditures were $19,647,000 against $25,259,000 a year ago. EBIT was $165,658,000 compared with $156,717,000 a year ago. Adjusted EBIT was $174,101,000 compared with $164,370,000 a year ago. Adjusted net income was $108,776,000 or $1.33 per diluted share compared with $103,449,000 or $1.21 per diluted share a year ago. For the nine months, the company reported net sales of $3,243,084,000 compared with $3,364,247,000 a year ago. Income from operations was $478,993,000 compared with $397,163,000 a year ago. Income before income taxes was $419,016,000 compared with $346,837,000 a year ago. Net income was $297,150,000 or $3.58 per diluted share compared with $237,345,000 or $2.74 per diluted share a year ago. Capital expenditures were $60,846,000 against $75,880,000 a year ago. EBIT was $478,194,000 compared with $394,662,000 a year ago. Adjusted EBIT was $447,429,000 compared with $422,977,000 a year ago. Adjusted net income was $271,815,000 or $3.28 per diluted share compared with $257,203,000 or $2.97 per diluted share a year ago. The company is updating its fiscal 2015 annual diluted EPS (as adjusted) guidance range to $4.55 to $4.65 from the previous range of $4.45 to $4.65. The company expects total fiscal 2015 annual sales to decline in the mid single-digits from fiscal 2014, compared to the previous expectation of a low single-digits sales decline. Excluding the negative impact of currency translation, fiscal 2015 annual sales are expected to be approximately flat compared to fiscal 2014. The company expected diluted EPS to be in the range of $4.76 to $4.81. The company now expects annual adjusted tax rate for fiscal 2015 to be closer to 30% against previous range of 31% to 32%.

Valspar Corporation Seeks Acquisitions

The Valspar Corporation (NYSE:VAL) is looking for acquisitions that accretively add to its business both strategically and financially.

The Valspar Corporation Declares Quarterly Dividend Payable on September 15, 2015

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 September 15, 2015, to shareholders of record on September 1, 2015.

 

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Industry Analysis

VAL

Industry Average

Valuation VAL Industry Range
Price/Earnings 14.6x
Price/Sales 1.3x
Price/Book 6.4x
Price/Cash Flow 14.1x
TEV/Sales 0.7x
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