The Valspar Corporation reported record sales and earnings for the fourth quarter and fiscal year endedOctober 27, 2006. Reported net income for the fourth quarter increased 2% to $52,141,000 from  $50,966,000 last year. Sales for the fourth quarter increased 8.1% to $784,105,000 compared to $725,387,000 a year ago. Reported net income for the full year increased 18.7% to $175,252,000 from $147,618,000 last year increased 20.4% to $1.71 from $1.42 last year. Sales for the year increased 9.7% to $2,978,062,000 compared to $2,713,950,000 in fiscal 2005.