Financial News

Valspar Revamps 4Q Earnings Estimates

August 9, 2005

Valspar Revamps 4Q Earnings Estimates
 Valspar Corp. expects fully diluted earnings for the fourth quarter
ending Oct. 26 to be in the range of 46-50 cents per
share excluding the restructuring charges previously
announced. Fully diluted earnings per share before
restructuring charges for the fiscal year are expected to be
in the range of $1.56 to $1.60. In the fourth quarter and
fiscal year 2000, Valspar earned 56 cents and $2.00 per
share, respectively.
“Sales growth for the quarter will be somewhat less
than expected given a very slow week following Sept. 11,”
said Richard M. Rompala, chairman, president and chief
executive officer. “While business activity has resumed a
more normal pattern, the short-term impact of recent
tragic events is unavoidable. We are moving rapidly to
implement the restructuring initiatives we announced
Sept. 10. Looking forward, we believe we are well positioned
to achieve improved financial performance in a difficult