Exhibit 99.1

	News Release

Valspar Reports Fiscal 2013 Fourth Quarter and Full Year Results

MINNEAPOLIS – November 19, 2013 – The Valspar Corporation (NYSE: VAL) today reported results for the fourth quarter and fiscal year ended October 25, 2013. Fourth quarter 2013 net sales were $1.1 billion, up 8% versus the prior year. Reported net income and earnings per diluted share for the current and prior year include several nonrecurring items, which are detailed in the “Reconciliation of Non-GAAP Financial Measures” included in this release. Fourth quarter 2013 adjusted net income and earnings per diluted share, excluding these nonrecurring items, were $86 million and $0.97, respectively. Fourth quarter 2012 adjusted net income and earnings per diluted share were $80 million and $0.86, respectively

Fiscal year 2013 net sales were $4.1 billion, up 2% versus the prior year. Fiscal year 2013 adjusted net income and earnings per diluted share, excluding nonrecurring items, were $320 million and $3.54, respectively. Fiscal year 2012 adjusted net income and earnings per diluted share were $310 million and $3.28, respectively.

“The fourth quarter was a good finish to the year as growth in both sales and operating income improved from previous quarters. Sales growth was led by strong performance in our US Consumer, Wood and Coil product lines and by the acquisition of Inver,” said Gary E. Hendrickson, Chairman and Chief Executive Officer. “We saw the benefit of new business wins in all product lines. These wins were partially offset by weakness in certain end markets and international regions, as has been the case throughout 2013.”

Looking ahead to fiscal 2014, Hendrickson said, “We expect stronger sales and earnings growth through continued new business, benefits from acquisitions, a stable U.S. market and through our productivity initiatives. We estimate that total sales will increase seven to nine percent in Fiscal 2014 and adjusted annual EPS will be in the range of $3.95 to $4.15.”

Net sales in the Paints segment increased 13% to $449 million in the fourth quarter of 2013, primarily driven by strong growth in the U.S and new business wins. Adjusted earnings before interest and taxes (EBIT) increased 10% to $49 million. Paints segment adjusted EBIT margins decreased approximately 40 bps to 11.0% which reflects the continued investments in growth initiatives. For the year, Paints segment net sales increased 4% to $1.7 billion, driven by growth in the US and new business which was partially offset by weakness in international markets. Adjusted EBIT for the year increased 3% to $183 million and adjusted EBIT margins decreased by approximately 10 bps to 11.0%.

Net sales in the Coatings segment increased 5% to $602 million in the fourth quarter of 2013. Increased sales from the Inver acquisition and from the coil and wood product lines were partially offset by weakness in the general industrial product line. Coatings segment adjusted EBIT decreased 2% to $93 million, and EBIT margins decreased in the quarter by approximately 120 bps to 15.5%. For the year, Coatings segment sales increased by 2% to $2.2 billion, with growth in the packaging, coil and wood product lines being offset by weakness in the general industrial product line. Coatings segment adjusted EBIT for the year decreased 2% to $352 million, and EBIT margins decreased by approximately 50 bps to 15.9%.

The company reported fiscal 2013 free cash flow (defined as operating cash flow less capital expenditures and dividends) of $201 million. Share repurchases during fiscal 2013 totaled $378 million, representing 5.9M shares, and diluted shares outstanding declined 4%.

An earnings conference call is scheduled for 11:00 a.m. Eastern Time (10:00 a.m. Central Time) today and will be webcast and accessible from the Investor Relations section of Valspar’s website at www.valsparglobal.com. Those unable to participate during the live broadcast can access an archive of the call on the Valspar website. An audio replay of the call will be available from 12:30 p.m. Central Time, Tuesday, November 19^th through midnight, Tuesday, December 3^rd by dialing +1 800-475-6701 from within the U.S. or +1 (320) 365-3844 from outside of the U.S., using access code 306665.

Investor and Media Contact:

Tyler Treat

612.851.7358

ttreat@valspar.com

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About The Valspar Corporation

The Valspar Corporation (NYSE: VAL) is a global leader in the paint and coatings industry. Since 1806, Valspar has been dedicated to bringing customers the latest innovations, the finest quality and the best customer service in the coatings industry. For more information, visit www.valsparglobal.com.

FORWARD-LOOKING STATEMENTS   

Certain statements contained in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere in this report constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. Forward-looking statements are based on management’s current expectations, estimates, assumptions and beliefs about future events, conditions and financial performance. Forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside our control and could cause actual results to differ materially from such statements. Any statement that is not historical in nature is a forward-looking statement. We may identify forward-looking statements with words and phrases such as “expects,” “projects,” “estimates,” “anticipates,” “believes,” “could,” “may,” “will,” “plans to,” “intend,” “should” and similar expressions.  These risks, uncertainties and other factors include, but are not limited to, deterioration in general economic conditions, both domestic and international, that may adversely affect our business; fluctuations in availability and prices of raw materials, including raw material shortages and other supply chain disruptions, and the inability to pass along or delays in passing along raw material cost increases to our customers; dependence of internal sales and earnings growth on business cycles affecting our customers and growth in the domestic and international coatings industry; market share loss to, and pricing or margin pressure from, larger competitors with greater financial resources; significant indebtedness that restricts the use of cash flow from operations for acquisitions and other investments; dependence on acquisitions for growth, and risks related to future acquisitions, including adverse changes in the results of acquired businesses, the assumption of unforeseen liabilities and disruptions resulting from the integration of acquisitions; risks and uncertainties associated with operations and achievement of profitable growth in developing markets, including Asia and Central and South America; loss of business with key customers; damage to our reputation and business resulting from product claims or recalls, litigation, customer perception and other matters; our ability to respond to technology changes and to protect our technology; changes in governmental regulation, including more stringent environmental, health and safety regulations; our reliance on the efforts of vendors, government agencies, utilities and other third parties to achieve adequate compliance and avoid disruption of our business; unusual weather conditions adversely affecting sales; changes in accounting policies and standards and taxation requirements such as new tax laws or revised tax law interpretations; the nature, cost and outcome of pending and future litigation and other legal proceedings; and civil unrest and the outbreak of war and other significant national and international events. We undertake no obligation to subsequently revise any forward-looking statement to reflect new information, events or circumstances after the date of such statement, except as required by law.

THE VALSPAR CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

For the Three Months and Years Ended October 25, 2013 and October 26, 2012

(Dollars in thousands, except per share amounts)

THE VALSPAR CORPORATION

SEGMENT INFORMATION (UNAUDITED AND SUBJECT TO RECLASSIFICATION)

For the Three Months and Years Ended October 25, 2013 and October 26, 2012

(Dollars in thousands)

THE VALSPAR CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

As of October 25, 2013 and October 26, 2012

(Dollars in thousands)

THE VALSPAR CORPORATION

SELECTED INFORMATION (UNAUDITED AND SUBJECT TO RECLASSIFICATION)

For the Three Months and Years Ended October 25, 2013 and October 26, 2012

(Dollars in thousands)

THE VALSPAR CORPORATION

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED)

For the Three Months Ended October 25, 2013 and October 26, 2012

(Dollars in thousands, except per share amounts)

The following information provides reconciliations of non-GAAP financial measures from operations presented in the accompanying news release to the most comparable financial measures calculated and presented in accordance with accounting principles generally accepted in the U.S. (“GAAP”). The company has provided non-GAAP financial measures, which are not calculated or presented in accordance with GAAP, as information supplemental and in addition to the financial measures presented in the accompanying news release that are calculated and presented in accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for, or as an alternative to, and should be considered in conjunction with, the GAAP financial measures presented in the news release. The non-GAAP financial measures in the accompanying news release may differ from similar measures used by other companies. The following tables reconcile gross profit, operating expense, earning before interest and taxes (EBIT), net income, net income per common share - diluted, and diluted earnings per share (EPS) guidance for the periods presented (GAAP financial measures) to adjusted gross profit, adjusted operating expense, adjusted earning before interest and taxes (EBIT), adjusted net income, adjusted net income per common share - diluted, and adjusted diluted earnings per share (EPS) guidance (non-GAAP financial measures) for the periods presented.

THE VALSPAR CORPORATION

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED)

For the Years Ended October 25, 2013 and October 26, 2012

(Dollars in thousands, except per share amounts)