Valmont Industries (VMI) Tops Q1 EPS by 60c
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Valmont Reports First Quarter 2020 Results and Provides Key Assumptions for Remainder of 2020
April 22, 2020 5:33 PM EDTOMAHA, Neb.--(BUSINESS WIRE)-- Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today reported financial results for the first quarter ended March 28, 2020.
First Quarter 2020 Highlights (all metrics compared to First Quarter 2019 unless otherwise noted)
Net Sales of $674.2 million, a decline of 2.6%; strong North American sales were more than offset by anticipated lower sales in the Utility Support Structures segment due to a $30.0 million solar tracker project in 2019 that did not... More