SOURCE: Industrial Info Resources

Industrial Info Resources

May 17, 2011 06:45 ET

Valspar Boasts Strong Sales in Second-Quarter 2011, but Costs Take Off the Shine, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 17, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading paint and coatings company Valspar Corporation (NYSE:VAL) (Minneapolis, Minnesota) saw mixed results in its fiscal second quarter of 2011, as increased expenses and sales costs somewhat diminished strong revenues. Net income for the quarter was reported to be $56.31 million, an 8.7% decrease from the unusually strong fiscal second quarter of 2010.

Industrial Info is tracking more than $10 million in active Valspar projects in the U.S., including the $1.5 million closure of a coatings plant in Seattle, Washington. After operations cease at the facility in June this year, the company will decide whether to sell the plant, or dismantle and demolish it. For more information, visit Industrial Info's North American Chemical Processing Project Database.

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Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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