This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Valspar's CEO Discusses F3Q2012 Results - Earnings Call Transcript

The Valspar Corporation (VAL)

F3Q12 Earnings Call

August 14, 2012 11:00 a.m. ET

Executives



Lori Walker – SVP and CFO

Gary Hendrickson – President and CEO

Analysts



Saul Ludwig – Northcoast Research

Steven Schwartz – First Analysis

Ram Sivalingam - Deutsche Bank

Brian Maguire - Goldman Sachs

John Mcnulty – Credit Suisse

Ivan Marcuse – Keybanc Capital Markets

Eugene Fedotoff - Longbow Research

Nils Wallin – CLSA

Phil Kirkman - Susquehanna International Group

Michael Hamilton - RBC Wealth Management

Kevin Hocevar - Northcoast Research



Presentation



Operator



Ladies and gentlemen, thank you for standing by. Welcome to the third quarter conference call. At this time, all participants are in a listen-only mode. Later, we will take your questions. (Operator Instructions) As a reminder, this conference is being recorded.

I’d now like to turn the conference over to our host, CFO Lori Walker. Please go ahead.

Lori Walker

Good morning, and welcome to our fiscal 2012 third quarter earnings conference call. Gary Hendrickson, our Chairman and Chief Executive Officer, is with me on our call this morning.

Before we begin, I'll direct your attention to the press release we issued this morning that contains much of the information that we'll be covering in the call. This call is subject to forward-looking statements language contained in our press release and our comments may include forward-looking statements as that term is defined by securities law. This morning, I’ll begin by covering our results for the quarter, Gary will provide some context and then we’ll respond to your questions.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,493.37 -69.93 -0.42%
S&P 500 1,925.15 -5.52 -0.29%
NASDAQ 4,352.6390 -17.1340 -0.39%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs