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Tuesday, May 14, 12:43 PM More on Valspar's (VAL +4.4%) FQ2: Paint sales rise 3% Y/Y on North American volume growth while EBIT margins within the segment increase 100 basis points. Sales and margins within the coatings segment fall 1% and 110 basis points respectively, on lower demand for the industrial product line. VAL will take restructuring charges of $18-23M across FY13 and FY14 which, along with other measures, will result in annual savings of ~$0.10 per share from 2015 forward. FY13 EPS guidance is reaffirmed at $3.60-3.80 (consensus is $3.68). (PR) Comment! [On the Move, Earnings]
Tuesday, May 14, 7:36 AM Valspar (VAL): FQ2 adj. EPS of $0.91 beats by $0.01. Revenue of $1.03B (flat Y/Y) misses by $20M. (PR) Comment! [Earnings]
Tuesday, May 14, 12:05 AM Notable earnings before Tuesday’s open: HCLP, PAAS, VAL Comment! [Earnings]
Monday, May 13, 5:30 PM Notable earnings before Tuesday’s open: HCLP, PAAS, VAL Comment! [Earnings]
Thursday, February 21, 6:36 PM The Valspar Corporation (VAL) declares $0.23/share quarterly dividend, in line with previous. Forward yield 1.53%. For shareholders of record Mar. 04. Payable Mar. 15. Ex-div date Feb. 28. (PR) Comment! [Dividends]
Tuesday, February 12, 11:54 AM Valspar (VAL -7.9%) takes a hit after its FQ1 missed analysts estimates this morning. Net earnings slipped a surprise 1.3% Y/Y on flat revenue out of its its key coatings segment and a decline in paint revenue. The paint and coatings maker lowered earnings estimates for the year as well, citing weak demand in its key international markets. It now expects to earn $3.60 to $3.80 versus previous estimates for $3.65 to $3.85 a share. Comment! [Earnings, On the Move]
Tuesday, February 12, 7:36 AM Valspar (VAL): FQ1 EPS of $0.62 misses by $0.05. Revenue of $875.2M misses by $46.85M. (PR) Comment! [Earnings, Breaking News]
Tuesday, February 12, 12:05 AM Notable earnings before Tuesday’s open: AB, AVP, DBD, FIS, FOSL, GT, HCP, HERO, HUN, KO, KORS, LVLT, MHP, MMC, OHI, OMC, RAI, SPR, TGH, TRP, UTHR, VAL, VNDA Comment! [Earnings]
Monday, February 11, 5:30 PM Notable earnings before Tuesday’s open: AB, AVP, DBD, FIS, FOSL, GT, HCP, HERO, HUN, KO, KORS, LVLT, MHP, MMC, OHI, OMC, RAI, SPR, TGH, TRP, UTHR, VAL, VNDA Comment! [Earnings]
Wednesday, December 5, 2012, 3:53 PM Valspar (VAL) declares $0.23/share quarterly dividend, 15% increase from prior dividend of $0.20. Forward yield 1.47%. For shareholders of record Dec. 17. Payable Dec. 28. Ex-div date Dec. 13. The board authorized repurchase of $15M shares replacing the previous authorization. (PR) Comment! [Dividends]
Tuesday, November 20, 2012, 7:39 AM Valspar (VAL): FQ4 EPS of $0.86 beats by $0.01. Revenue of $1.02B (flat% Y/Y) in-line. (PR) Comment! [Earnings]
Friday, November 2, 2012, 6:37 PM Valspar (VAL) says CFO Lori Walker is retiring. Ms. Walker will remain with the company until a successor is named and will be available to the company for an extended period thereafter. Comment! [Consumer]
Wednesday, September 19, 2012, 11:54 AM RBC Capital initiates coverage on the chemicals sector today: LyondellBasell (LYB +1%, Celanese (CE +3.8%) and Valspar (VAL +3.4%) are all initiated with an Outperform (I, II, III) and Dow Chemical (DOW +0.1%), DuPont (DD +1%), Eastman Chemical (EMN +0.5%) and PPG Industries (PPG) are started at Sector Perform (I, II, III, IV). Comment! [On the Move]
Wednesday, September 12, 2012, 5:10 PM Valspar (VAL) declares $0.20/share quarterly dividend, in line with previous. Forward yield 1.40%. For shareholders of record Oct 01. Payable Oct 15. Ex-div date Sep 27. Shares -2.8% AH. (PR) Comment! [Dividends, On the Move]
Friday, August 17, 2012, 12:21 PM The drought may prove a boon for the chemical sector, Credit Suisse says, as propane demand for crop drying likely will be severely impacted; combined with expected high supply, the firm sees soft propane pricing. This would weigh on ethane prices, helping producers like LYB, DOW and WLK maintain profits despite the effect of weaker commodity chemical prices on top-line results. Comment! [Commodities, Quick Ideas]
Tuesday, August 14, 2012, 2:14 PM Paint maker Valspar (VAL -3.8%) slides after it misses on its top line FQ3 result this morning. The quarter was impacted by scant top-line growth, as the company suffered from weak international sales. Domestically however, sales grew by double-digits thanks to home-improvement stores like LOW building its seasonal inventory. Comment! [Earnings, On the Move]

VAL The Valspar Corporation

VAL

The Valspar Corporation