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Last $82.62 USD
Change Today -0.20 / -0.24%
Volume 301.3K
VAL On Other Exchanges
Symbol
Exchange
New York
As of 6:40 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

valspar corp/the (VAL) Snapshot

Open
$82.11
Previous Close
$82.82
Day High
$83.05
Day Low
$81.95
52 Week High
02/24/15 - $90.91
52 Week Low
10/15/14 - $72.15
Market Cap
6.6B
Average Volume 10 Days
452.4K
EPS TTM
$4.55
Shares Outstanding
80.4M
EX-Date
05/28/15
P/E TM
18.2x
Dividend
$1.20
Dividend Yield
1.40%
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.

10,513 Employees
Last Reported Date: 12/22/14
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 Corp. Names David Lumley to Board of Directors

The Valspar Corp. reported that its board of directors has elected David R. Lumley to serve as a director of the corporation, effective June 10. Lumley, 60, was appointed to serve on the board's Audit committee. Lumley recently retired as President and Chief Executive Officer of Spectrum Brands, where he served in executive leadership since 2006. Lumley's background includes more than 25 years of experience in the consumer products industry, including executive leadership roles at Newell Rubbermaid, EAS, Brunswick Bicycles, Outboard Marine Corp., Wilson Sporting Goods Co. and other companies. Lumley currently serves as a director of Spectrum Brands Holdings and Husqvarna AB.

The Valspar Corporation Elects David R. Lumley to Serve as Director of the Corporation

The Valspar Corporation announced that its board of directors has elected David R. Lumley to serve as a Director of the Corporation, effective June 10, 2015. Lumley, 60, was appointed to serve on the board's Audit committee. Lumley recently retired as President and Chief Executive Officer of Spectrum Brands, a global and diversified consumer products company where he served in executive leadership since 2006.

The Valspar Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended May 01, 2015; Provides Earnings Guidance for the Fiscal Year 2015 and 2016

The Valspar Corporation reported unaudited consolidated earnings results for the second quarter and six months ended May 01, 2015. For the quarter, the company reported net sales of $1,079,289,000 compared to $1,155,826,000 a year ago. Income from operations was $155,909,000 compared to $143,074,000 a year ago. Income before income taxes was $133,974,000 compared to $127,000,000 a year ago. Net income was $90,314,000 or $1.09 per diluted share compared to $85,959,000 or $0.99 per diluted share a year ago. Capital expenditures were $23,360,000 compared to $29,630,000 a year ago. Adjusted EBIT was $156,465,000 compared to $151,612,000 a year ago. Adjusted net income was $92,163,000 or $1.11 per diluted share compared to $92,620,000 or $1.07 per diluted share a year ago. Fiscal second-quarter net income rose 5% year over year to but sales fell 7% because of currencies effects and lower volumes in the company's North American paints business. For the six months period, the company reported net sales of $2,093,958,000 compared to $2,134,943,000 a year ago. Income from operations was $313,265,000 compared to $238,634,000 a year ago. Income before income taxes was $275,980,000 compared to $206,257,000 a year ago. Net income was $194,288,000 or $2.33 per diluted share compared to $139,512,000 or $1.60 per diluted share a year ago. Capital expenditures were $41,199,000 compared to $50,621,000 a year ago. Adjusted EBIT was $273,328,000 compared to $258,607,000 a year ago. Adjusted net income was $163,039,000 or $1.96 per diluted share compared to $153,754,000 or $1.77 per diluted share a year ago. The company provided earnings guidance for the fiscal year 2015. For the year, the company expects diluted EPS of $4.79 to $4.94 and adjusted diluted EPS guidance of $4.45 to $4.65. The company is updating its fiscal 2015 annual sales guidance to reflect a sales decline in the “low single-digits” from fiscal 2014, compared to the previous guidance of “approximately flat sales”. Excluding the expected impact of currency translation, fiscal 2015 annual sales are expected to increase “low single digits”. More importantly, looking forward into fiscal 2016, preliminarily expect the acquisition to add approximately $35 million in EBITDA. From an EPS perspective, this would result in approximately $0.07 to $0.09 of adjusted EPS in fiscal 2016.

 

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Industry Analysis

VAL

Industry Average

Valuation VAL Industry Range
Price/Earnings 17.4x
Price/Sales 1.5x
Price/Book 7.7x
Price/Cash Flow 16.6x
TEV/Sales 1.1x
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