Valmont Non-GAAP EPS of $3.70 beats by $0.36, revenue of $1.14B beats by $140M

• Valmont press release (NYSE:VMI): Q2 Non-GAAP EPS of $3.70 beats by $0.36.
• Revenue of $1.14B (+27.4% Y/Y) beats by $140M.
• Operating Income increased to $118.7 million, or 10.5% of net sales.
• Benefited from strong market demand across the portfolio, leading to a record backlog of $2.0 billion, an increase of 24.7% since the end of fiscal 2021, and an increase of 13.4% since the end of first quarter 2022.