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Valmont Industries, Inc. (VMI)

  • Tue, Jan. 13, 5:42 PM
  • Jun. 24, 2014, 5:43 PM
    • Valmont Industries (VMI) -5.1% AH after lowering earnings guidance; VMI now sees FY 2014 EPS of $9.35-$9.65 from $10-$10.50 vs. $10.36 analyst consensus estimate, and sees Q2 EPS of $2.35-$2.40 vs $2.80 consensus.
    • VMI says the mix and timing of projects in its utility support structures segment will provide lower profits than in recent years, while the weaker Australian economy has hurt results in its coatings segment.
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  • Feb. 21, 2014, 9:13 AM
    • 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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  • Feb. 13, 2013, 12:17 PM
    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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  • Apr. 19, 2012, 6:30 PM
    More on Valmont Industries (VMI): Q1 beats Street estimates on surging growth in its utility-support and irrigation businesses. Revenue jumped 26% Y/Y, as margins were bolstered by a 17% increase in sales in its engineered infrastructure unit and a 52% jump in sales from its utility-tower segment. Shares +5.2% AH.
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  • Apr. 19, 2012, 5:44 PM
    Valmont Industries (VMI): Q1 EPS of $1.96 beats by $0.43. Revenue of $717M (+26.3% Y/Y) beats by $48M. Shares +5.4% AH. (PR)
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  • Feb. 14, 2012, 6:13 PM
    Valmont Industries (VMI): Q4 EPS of $1.83 beats by $0.17. Revenue of $752.7M (+25.7% Y/Y) beats by $72M. Shares +4.4% AH. (PR)
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  • Dec. 22, 2011, 11:12 AM
    Stifel Nicolaus reiterates a Buy rating on Valmont Industries (VMI +1.5%) in the wake of the firm's 2011 profit revision. Analyst with the firm estimate that the fabricate metal producer will capture market share as the demand for transmission structures exceeds industry capacity.
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Company Description
Valmont Industries Inc is aprovider of engineeredmetal structures and componentsfor infrastructure, andirrigation equipment for agriculture.