Valmont -4.8% premarket after predicting lower profits in Q1


Valmont Indsutries (VMI) -4.8% premarket after posting disappointing Q4 revenues and issuing downside guidance for Q1 and FY 2014.

VMI sees Q1 EPS of ~$2.17, -25% Y/Y and lower than $2.61 analyst consensus estimate, pointing to exceptional irrigation results in the year-ago quarter mainly driven by drought which will not be matched in the current quarter, and severe weather has disrupted production and shipping in some facilities.

Sees FY 2014 EPS of slightly below $10.97 vs. $11.10 consensus.

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