Minneapolis-based paint and coatings giant Valspar posted first-quarter sales of $842.4 million, up 25.3% compared with the same quarter last year.

Net income for the quarter ended Jan. 28 was $33.4 million, down 1.5% from $33.9 million last year.

“Results for the quarter were in line with our expectations,” said William L. Mansfield, Valspar chairman and CEO. “Our Australian paints acquisition and the continued success of our pricing and new business efforts drove our double-digit top line growth."