| Business Summary | | Valspar
Corporation
is
a
multinational
paint
and
coatings
manufacturer
that
has
two
business
segments,
Coatings
and
Coating
Intermediates.
The
Company
manufactures
and
distributes
a
broad
portfolio
of
coatings
products.
The
Architectural,
Automotive
and
Specialty
(AAS)
product
line
includes
interior
and
exterior
decorative
paints
and
aerosols,
automotive
and
fleet
refinish
coatings
and
high
performance
floor
coatings.
The
Packaging
product
line
includes
coatings
and
inks
for
rigid
packaging
containers.
The
Industrial
product
line
includes
decorative
and
protective
coatings
for
metal,
wood
and
plastic
substrates.
Coating
Intermediates,
primarily
resins
and
colorants,
are
sold
to
the
Company
and
to
other
coatings
manufacturers.
In
December
2000,
the
Company
acquired
Lilly
Industries,
Inc.,
a
company
that
manufactures
and
distributes
a
wide
variety
of
industrial
coatings
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Valspar
Corp.,
a
multinational
paint
and
coatings
manufacturer,
manufactures
and
distributes
a
broad
portfolio
of
coatings
products.
For
the
six
months
ended
4/27/01,
sales
rose
19%
to
$850.7
million.
Net
income
fell
36%
to
$23.5
million.
Revenues
reflect
increased
sales
driven
by
the
acquisition
of
Lilly
Industries.
Earnings
were
offset
by
the
slowdown
in
the
economy,
an
increase
in
interest
expense
and
the
absence
of
a
$1.2
million
gain
from
restructuring. Recent Earnings Announcement For
the
3
months
ended
07/27/2001,
revenues
were
544,888;
after
tax
earnings
were
25,502. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Richard Rompala, 54 Chairman,
Pres, CEO | $731K | Paul Reyelts, 54 Sr.
VP of Fin., CFO | 318K | Rolf Engh, 47 Sr.
VP, Gen. Counsel, Sec. | 317K | John Ballbach, 40 Sr.
VP- Operations, E-Commerce, EPS and Color Corp. | -- | Steven Erdahl, 48 Sr.
VP, Industrial Coatings and Automotive | 314K | Dollar
amounts are as of 31-Oct-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|