Valmont Industries (VMI +4.4%) moves up on a solid Q4 earnings beat. Net profit fell however, as...


Valmont Industries (VMI +4.4%) moves up on a solid Q4 earnings beat. Net profit fell however, as the year-earlier period's results were boosted by reorg-related gains, which offset the higher revenue. Gross margin widened to 27.5% from 25.9%. Utility-tower segment sales +25%, largely on higher demand from North American utility customers, irrigation segment sales +13%. engineered infrastructure unit sales +4.1%, and coatings -6.5%.

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