Valspar Q4 Profit Climbs - Quick Facts

(RTTNews) - Paint and coatings maker Valspar Corp. (VAL) Tuesday posted higher earnings for the fourth quarter, as sales grew 11 percent year-over-year.

Net income improved to $108.05 million or $1.28 per share from $63.51 million or $0.72 per share a year ago.

Excluding certain items, the company earned $1.38 per share. On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $1.15 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly sales increased to $1.23 billion from $1.10 billion last year, while Wall Street expected revenues of $1.19 billion.

Looking ahead, for fiscal 2015, the group expects to generate adjusted earnings per share in a range of $4.45 - $4.65, on sales growth in the low single-digits. Analysts are looking for earnings per share of $4.76, on sales of $4.73 billion.