Valspar benefits from higher U.S. housing starts offset by lower-growth packaging coating business.
Valspar reported solid third-quarter results, with EPS increasing 15% year on year to $1.44 per share. We continue to expect the acquisition of Valspar by Sherwin-Williams will be completed in 2017. Compared with most chemical company combinations in recent years, we think this acquisition has a high likelihood of achieving targeted synergies. First, the goals are not overly optimistic. Management targets synergies of roughly 2.4% of combined costs, on the low end of the 2% to 15% range for chem...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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