Valspar Corp income, sales figures climb

The Valspar Corp reported net income of $34,925,000 for the fourth quarter ended Oct 25, 2002, compared with $2,504,000 a year ago. Sales for this year's fourth quarter increased 7.9% to $566,768,000, compared with $525,357,000 a year ago.

Net income for fiscal year 2002 was $120,121,000, compared with $51,500,000 for 2001. Sales for the year rose 10.7% to $2,126,853,000 compared to $1,920,970,000 last year, Adjusted for acquisitions, this year's sales growth was 5%.

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