More on Valmont Industries (VMI): Q1 comes in mixed, beating on its EPS but missing in revenue....

|About: Valmont Industries, Inc. (VMI)|By:, SA News Editor

More on Valmont Industries (VMI): Q1 comes in mixed, beating on its EPS but missing in revenue. Net profit rose 48% Y/Y as the manufacturer continued to benefit from an expansion of the U.S. transmission grid. Sales in its utility-tower segment improved 25%. Irrigation segment sales rose 25%, while sales climbed 10% in the engineered infrastructure unit and 8% in the coatings unit. Gross margin widened to 28.7% from 26%. Shares +0.7% AH.