The Valspar Corporation

(NYSE:VAL)
  Oct 31, 2008 Jul 31, 2008 Apr 30, 2008 Jan 31, 2008
Operating revenue
Total Revenue 923,192 957,683 836,379 765,124
Operating Revenue 923,192 957,683 836,379 765,124
Adjustments To Revenue — — — —
Cost Of Sales 661,273 663,391 572,159 535,230
Cost Of Sales With Depreciation 675,189 682,981 592,118 554,659
Gross Operating Profit 261,919 294,292 264,220 229,894
Operating Expenses
Research And Development Expenses 24,139 25,063 24,608 22,742
Selling General And Administrative Expenses 140,979 163,297 142,549 132,742
Advertising Expenses — — — —
Operating Income Before Depreciation 96,801 105,932 97,063 74,410
Operating Income 74,948 86,342 77,104 54,981
Depreciation 21,853 19,590 19,959 19,429
Depreciation Unreconciled — — — —
Amortization 7,937 — — —
Amortization Of Intangibles — — — —
Operating Income After Depreciation 74,948 86,342 77,104 54,981
Non Operating Expenses
Interest Expense 14,286 13,862 13,914 15,683
Pre Tax Income 59,600 70,552 61,881 36,664
Income Taxes 20,685 23,563 21,034 12,649
Minority Interest — — — —
Income Before Income Taxes 59,600 70,552 61,881 36,664
Net Income From Continuing Operations 38,915 46,989 40,847 24,015
Net Income From Discontinued Operations — — — —
Net Income From Total Operations 38,915 46,989 40,847 24,015
Non Recurring Events
Extraordinary Income Losses — — — —
Income From Cummulated Effect Of Accounting Changes — — — —
Income From Tax Loss Carryforward — — — —
Other Gains And Losses — — — —
Total Net Income 38,915 46,989 40,847 24,015
Normalized Income 38,915 46,989 40,847 24,015
NetIncome Available For Common 35,597 43,940 37,932 21,101
Preferred Dividends 3,318 3,049 2,915 2,914
Excise Taxes — — — —