Valspar Corp. (VAL) Provides Weak FY16 Guidance due to Potential FX Headwinds; Piper Jaffray Reiterates Neutral
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Valspar Approves 10% Dividend Increase
November 24, 2015 9:57 AM ESTMINNEAPOLIS, Nov. 24, 2015 /PRNewswire/ -- The Valspar Corporation today announced that its Board of Directors declared a quarterly dividend of $0.33 per share on the company's common stock. The dividend is payable on December 16, 2015, to shareholders of record on December 7, 2015. The payment represents a 10% increase and marks the 38th consecutive year the Corporation... More
Valspar Reports Fiscal Fourth Quarter 2015 and Year-End Results1
November 24, 2015 7:30 AM ESTFiscal 2015 Highlights: Diluted EPS (as adjusted) increased 6% to a record $4.62 Net sales increased 1%2 Coatings segment volume increased 3% and Paints segment volume declined 4% Fiscal Fourth Quarter 2015 Highlights: Diluted EPS (as adjusted) decreased 2% to $1.35 Net sales increased 1%2 EBIT margin (as adjusted) improved 150 bps to 15.4%, driven by the Coatings segment Fiscal 2016 Guidance: Sales guidance of growth in the mid-single digits in constant... More
