Valspar reports its Q3 2012 results; sees three percent growth in revenue
August 16, 2012
The Valspar Corporation reported its results for the third-quarter ended July 27, 2012. Third-quarter sales totaled $1.08 billion, an increase of one percent from the third quarter of 2011. Net income for the third quarter of 2012 was $86.4 million, up from 67.4 million in the same period the year before. "We were pleased with our performance in the quarter," said Gary Hendrickson, chairman and CEO. "Excluding negative currency impact, our revenue increased three percent and our strong earnings growth is the outcome of excellent execution in a challenging global environment. Looking ahead to our fourth quarter, we expect continued softness in some international markets and modest growth in North America."