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Valspar tallies fiscal results

The Valspar Corp, a Minneapolis MN-based coatings manufacturer, reported net income of $34,534,000, for the second quarter ended April 26, 2002, versus net income of $19,036,000 for the comparable period of 2001. Sales for the quarter increased 8% to $554,002,000 compared with $513,745,000 in 2001.

Net income for the first six months of 2002 was $47,142,000, compared with $23,494,000 for this period a year ago. First-half sales rose 16% to $985,042,000, compared with $850,725,000 in the same period of 2001.

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