US-based coatings maker Valspar reports earnings slide in third quarter

摘要

US Valspar said it had initiated a comprehensive series of actions to lower costs and increase efficiency after reporting a 19% slide in third quarter pretax income.The US paint supplier reported pre-tax income of 70.6 million for the three months to 25 July compared to 87.1 million a year ago,on sales of 957.7 million compared to 893.5 million last time.