Valspar Corp. (VAL) Tops Q3 EPS by 12c
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Valspar Reports Fiscal Third Quarter 2016 Results
September 7, 2016 7:30 AM EDTHighlights
Reported diluted EPS of $1.44 (includes pre-tax merger related costs of $5 million) Adjusted diluted EPS increased 18% to $1.57 Total volumes increased 2%, Paints segment volume up 3%, Coatings segment up 1% Net sales declined 1% (includes a negative 2% impact from F/X translation) Reported earnings before interest and taxes (EBIT) increased 3% Adjusted EBIT increased 7% (Adjusted EBIT margin rate up 114 bps)MINNEAPOLIS--(BUSINESS WIRE)-- Valspar (NYSE: VAL):
Summary Financials
   Fiscal Third Quarter 2016 (Ended July 29, 2016) Reported   %   Adjusted*   % Results   Change   Results   Change    2016   2015      2016   2015    Net Sales   $1,141.9   $1,149.1   (1%)   $1,141.9   $1,149.1... More