Valspar Corp. (VAL) Tops Q1 EPS by 1c

Valspar Reports Fiscal First Quarter 2016 Results

February 18, 2016 7:30 AM EST

Highlights

Reported diluted EPS of $0.65 (adjusted diluted EPS of $0.66) Fiscal 2016 annual guidance reaffirmed Net sales declined 13% (includes a negative 6% impact from F/X translation) Total volumes declined 8%, driven by the change at Lowes and difficult comparisons to exceptional performance in the prior year Coatings segment adjusted EBIT margin improved 270 bps to 17.8% Announced new Cabot® stain program at Lowes stores Acquired ISVA Vernici, a European coil coatings manufacturer (in fiscal Q2 2016)

MINNEAPOLIS--(BUSINESS WIRE)-- Valspar (NYSE: VAL):

Summary Financials

    Fiscal First Quarter 2016 (Ended January 29, 2016) Reported

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