Valspar Sales Down 5% in Fiscal 2016

Fourth-quarter sales decreased 4 percent from 2015.

The Valspar Corp. (NYSE: VAL), Minneapolis, MN, reported sales for the fiscal year ended Oct. 28 of $4.2 billion, a 5 percent decrease year-over-year. Profit for the year decreased 12 percent to $353 million.

Fourth-quarter sales decreased 4 percent compared to the prior year's quarter to $1.1 billion. Profit for the period increased 1 percent to $103.6 million.

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