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.

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