VAL
The Valspar CorporationNYSE
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  • Thu, Nov. 17, 11:31 PM
    • Valspar (NYSE:VAL) declares $0.37/share quarterly dividend, 12.1% increase from prior dividend of $0.33.
    • Forward yield 1.46%
    • Payable Dec. 15; for shareholders of record Dec. 1; ex-div Nov. 29.
    | Thu, Nov. 17, 11:31 PM
  • Sat, Oct. 29, 2:03 PM
    • Sherwin-Williams (NYSE:SHW) Valspar (NYSE:VAL) issue the following statement in response to unfounded market rumors concerning regulatory approvals for the definitive agreement between Sherwin-Williams and Valspar, which was announced on March 20, 2016:
    • "Sherwin-Williams and Valspar continue to cooperate fully with the FTC staff and continue to expect the transaction will close by the end of Q1 calendar year 2017.  Given the complementary nature of the businesses and the benefits this transaction will provide to customers, Sherwin-Williams and Valspar continue to believe that no or minimal divestitures should be required to complete the transaction."
    • The transaction, which has been approved by Valspar shareholders, is subject to customary closing conditions, including the expiration or termination of the applicable waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act and regulatory approvals in various other jurisdictions.
    | Sat, Oct. 29, 2:03 PM | 8 Comments
  • Wed, Sep. 7, 8:06 AM
    • Adjusted net income of $127M, or $1.57 per diluted share vs. $108M, or $1.33 per diluted share in the same quarter a year ago.
    • Revenue by segment: Coatings -1%; Paints flat.
    • "Coatings segment performance was led by strong volume growth in the coil and wood product lines," CEO Gary Hendrickson said in a statement.
    • VAL -1.5% premarket
    • FQ3 results
    | Wed, Sep. 7, 8:06 AM
  • Wed, Sep. 7, 7:35 AM
    • Valspar (NYSE:VAL): FQ3 EPS of $1.57 beats by $0.12.
    • Revenue of $1.14B (-0.9% Y/Y) misses by $40M.
    • Shares -1.4% PM.
    • Press Release
    | Wed, Sep. 7, 7:35 AM | 1 Comment
  • Tue, Sep. 6, 5:30 PM
  • Thu, Aug. 18, 2:04 PM
    • Valspar (NYSE:VAL) declares $0.33/share quarterly dividend, in line with previous.
    • Forward yield 1.25%
    • Payable Sept. 15; for shareholders of record Sept. 1; ex-div Aug. 30.
    | Thu, Aug. 18, 2:04 PM
  • Wed, Jun. 29, 11:15 AM
    • Valspar (VAL -0.2%) shareholders have approved the company's buyout by Sherwin-Williams (SHW -0.3%).
    • The $11.3B deal (including debt) won approval at a special meeting held this morning. Sherwin-Williams expects heavy synergy as the companies' product mix and geographic splits are complementary.
    • The deal's expected to close by the end of Q1 2017 following customary conditions and regulatory approval.
    | Wed, Jun. 29, 11:15 AM | 3 Comments
  • Tue, May 24, 9:56 AM
    • Adjusted net income of $98.5M, or $1.22 per diluted share vs. $92.2M, or $1.11 per diluted share in the same quarter a year ago.
    • Revenue by segment: Coatings -4%; Paints +1%.
    • The company suspended share repurchases during the quarter and for the balance of the fiscal year.
    • In light of the proposed merger with Sherwin-Williams, which is expected to close by the end of Q1 calendar year 2017, Valspar (VAL +0.1%) is withdrawing its financial and earnings guidance for fiscal 2016.
    • FQ2 results
    | Tue, May 24, 9:56 AM
  • Tue, May 24, 7:42 AM
    • Valspar (NYSE:VAL): FQ2 EPS of $1.22 misses by $0.04.
    • Revenue of $1.06B (-1.9% Y/Y) misses by $60M.
    | Tue, May 24, 7:42 AM
  • Mon, May 23, 5:30 PM
  • Thu, May 19, 4:38 PM
    • Valspar (NYSE:VAL) declares $0.33/share quarterly dividend, in line with previous.
    • Forward yield 1.23%
    • Payable June 15; for shareholders of record June 1; ex-div May 27.
    | Thu, May 19, 4:38 PM
  • Mon, Mar. 28, 8:44 AM
    • Valspar (NYSE:VAL) has been named an approved supplier in Brazil by AGCO, to provide liquid, e-coat and powder coatings, and aftermarket paint products for use on all AGCO equipment.
    • Last Tuesday, Valspar participated in the AGCO Supplier Day in Sao Paulo, giving the company the opportunity to showcase its products, services and capabilities for over 700 attendees.
    | Mon, Mar. 28, 8:44 AM
  • Tue, Mar. 22, 10:38 AM
    | Tue, Mar. 22, 10:38 AM | 1 Comment
  • Mon, Mar. 21, 6:28 PM
    • Analysts are bullish on Sherwin-Williams' (NYSE:SHW) $11.3B acquisition of Valspar (NYSE:VAL), believing the merger will provide a big boost to SHW's earnings and could lift the entire paints and coatings sector.
    • Susquehanna's Don Carson is bullish on the deal, upgrading his rating on SHW to Positive from Neutral with a $370 price target, hiked from $260; he thinks the deal will be accretive to cash EPS by nearly $4.00 by 2018, including at least $2.05 in synergies, and believes there is little antitrust risk to the deal, since the two companies use different architectural channels in the U.S. and there is no overlap in the industrial coating business.
    • VAL's packaging coatings business is a "crown jewel" within the space, and the combination increases SHW's exposure to U.S. do-it-yourself painters, international territories and industrial applications, catapulting SHW into a position of global leadership, Baird analyst Ghansham Panjabi says.
    • SunTrust's James Sheehan argues the merger also is positive for PPG Industries (NYSE:PPG), as the deal could improve overall competitive dynamics in the coatings industry.
    • In today's trade: VAL +23.2%, SHW -5.3%, PPG -0.1%, AXTA +1%, RPM +1.8%.
    | Mon, Mar. 21, 6:28 PM | 4 Comments
  • Mon, Mar. 21, 12:52 PM
    | Mon, Mar. 21, 12:52 PM | 10 Comments
  • Sun, Mar. 20, 5:36 PM
    • While Sherwin-William's (NYSE:SHW) logo shows a can of red paint being poured over a globe, bearing the slogan, "Cover the earth," the U.S. and Canada account for about 82% of its sales. The Valspar (NYSE:VAL) acquisition will reduce its North American footprint to 76% by adding sales in Asia and Europe.
    • "It gives us the scale and platform" to expand in Europe and Asia, Chief Executive John G. Morikis said.
    • Valspar also has strength in two other areas Sherwin doesn't: coatings for food and beverage packaging and for steel coils.
    • The pair would have had $15.6B in sales last year, slightly ahead of PPG's (NYSE:PPG) $15.3B. AkzoNobel had 2015 sales of about $16.7B.
    • Dmitry Silversteyn of Longbow Research says the plan is very attractive for Valspar shareholders, and should be good for Sherwin in the long run. Valspar is lean, but the combined company should save on corporate overhead, distribution and raw materials. Valspar's No.1 position in coatings for packaging is a big attraction, as is the company's foothold in China.
    • Source: WSJ
    | Sun, Mar. 20, 5:36 PM | 9 Comments