The Valspar Corporation is an American international manufacturer of paint and coatings based in Minneapolis, Minnesota, U.S. With nearly 10,000 employees in 25 countries and a company history that spans over two centuries long, it is the sixth largest paint and coating corporation in the world. The 200+ year old Valspar was founded in 1806 as a paint dealership in Boston, Massachusetts. The Valspar name emerged in 1903 as a new clear varnish, and became the company name in 1932. On March 21, 2016 it was announced that Sherwin-Williams, wanted to pay $9.3 billion to acquire Valspar. The acquisition is pending and will likely finalize in early 2017.
|Key people||Gary Hendrickson (President, CEO) James Muehlbauer (CFO, CAO)|
|Founder||Samuel Tuck Lawson Valentine Henry Valentine|
|Subsidiaries||Huarun Paints Plasti-kote Cabot Stains|
|Founded||Boston, Massachusetts (1806)|
|Traded as||NYSE: VAL S&P 400 Component|
NPS is a customer loyalty metric that measures customers’ willingness to not only return for another purchase or service but also make a recommendation to their family, friends or colleagues.
It is a powerful and effective technique, which can greatly increase a company's revenue if used properly.
The main advantages of NPS are close correlation with a company's growth and easy collection, interpretation and communication of the data.
Yes, it is.
Net Promoter Score is a number from -100 from 100.
Scores higher than 0 are typically considered to be good and scores above 50 are considered to be excellent.
The industry average for Chemicals is 0.
The final Net Promoter Score of a company strongly depends on a context in which the satisfaction is measured.
Consider an example: If Valspar sends out NPS surveys immediately after purchase, they are tracking their customers' initial excitement and the checkout experience.
On the other hand, if they survey their customers a few weeks after the purchase they are also tracking how satisfied their customers are with their products and services over time.
Therefore, comparing the NPS score of Valspar with your own without any further context is not that useful.
What is extremely useful though, is using the NPS methodology to track the satisfaction of your customers over time. That's where Customer.guru comes in.
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We have estimated the Net Promoter Score of Valspar based on the publicly available information
including the sentiment of the company-related tweets, 3rd party reviews, and Alexa ratings.