Valspar Corp. (VAL) Posts Q4 GAAP EPS of $1.27
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Valspar Reports Fiscal Fourth Quarter 2016 and Year-End Results
December 20, 2016 7:30 AM ESTFiscal Fourth Quarter 2016 Results Net sales decreased 4% (includes a negative 1% impact from F/X translation) Total volumes decreased 2%, Coatings segment volume increased 2% and Paints segment volume decreased 7% Fiscal 2016 Results Net sales decreased 5% (includes a negative 3% impact from F/X translation) Total volumes decreased 2%, Coatings segment volume increased 1% and Paints segment volume decreased 7% The company is no longer providing Adjusted non-GAAP results in its quarterly earnings press release. To aid in the comparison of results to prior periods, items that were previously excluded from Adjusted non-GAAP results are detailed later in this release.... More
