Third quarter sales totaled $1.08 billion, a slight increase from the third quarter of 2011. Adjusted net income per share for the quarter was $0.97, a 21% increase from $0.80 in 2011. Our press release includes details, showing the reconciliation of our reported to our adjusted results.As I comment on our gross margin and operating expense performance, note that restructuring is excluded in both years. For the third quarter, our gross margin was 34.2%, up 280 basis points from 2011.
The Valspar's CEO Discusses F3Q2012 Results - Earnings Call Transcript
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