Leading paint and coatings maker
The Valspar Corporation
) has extended its retail paint program named as the Valspar Pro
Lowe's Companies, Inc.
), to meet the needs of the professional painters.
The Valspar Pro program includes Valspar-branded professional
grade products in multiple formulations and finishes that
simplify paint selection and deliver durable performance as per
the needs of professional painters. Valspar Pro program also
extends its in-store support through custom tinting and color
matching services, small batch mixing along with direct shipping,
volume and value pricing.
Valspar expects the Valspar Pro program to offer it significant
opportunity as the professional paint business holds more than
50% of the U.S. architectural paint market. Valspar, through this
new retail paint program, expects to reach more than 1,700 Lowe's
The new retail paint program, specially designed with easy
application, uniform appearance, consistent hide, reliable
touch-up and factory tinting, will benefit the professional
painters through reduction of time consumption on the job site
and delivery of high quality finished project.
Valspar Pro program is also supported with a new mobile web
application at www.valsparpro.com. The application provides all
the necessary information and application advice on various
formulations and finishes.
Valspar Pro program was launched officially on Mar 25 in Lowe's
stores featuring "Pro Challenge", which is a series of more than
300 events taking place in various Lowe's retail locations
throughout the U.S.
Valspar, which is among the prominent paints companies along
RPM International Inc.
), released its first-quarter 2013 results in Feb 2013. The
results were disappointing as both revenues and adjusted earnings
missed the Zacks Consensus Estimates on weak market conditions.
Valspar cut its earnings forecast for fiscal 2013 citing a soft
demand environment across some overseas markets.
Valspar has a strong pipeline of new products and significant
opportunities for share gains in both its Paint and Coatings
segments globally. Valspar should also benefit from new business
wins and restructuring actions while maintaining its operational
and pricing discipline.
However, cost pressures associated with raw material inflation
remains a concern. Moreover, weakness in the residential housing
market in Australia may continue to hurt paint sales going
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Valspar currently carries a short-term (1 to 3 months) Zacks Rank