- Language: English
- Published: October 2012
Summary: Valspar Corp. May 11
- Published: May 2011
- Standard & Poors
The ratings on Minneapolis-based paints and coatings producer Valspar Corp. reflect the company's solid business positions in its diversified coatings portfolio (generating annual sales of about $3.5 billion) and relatively stable EBITDA margins. The ratings also reflect value-added technologies, low-cost production, and an expanding international presence--especially its wood coatings in Asia, in addition to its coil and packaging coatings worldwide. International sales accounted for 40% of overall fiscal 2010 sales. The cyclicality of industrial end markets, as well as Valspar's vulnerability to raw material inflation and supply shortages, temper these strengths. Standard & Poor's Ratings Services characterizes Valspar's business risk profile as satisfactory and its financial risk profile as intermediate. Valspar derived about 34% of fiscal 2010 sales from industrial...
Companies mentioned in this report are: Valspar Corp.
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