Valmont Reports Third Quarter 2020 Results
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Valmont Industries (VMI) Tops Q3 EPS by 27c, Revenues Beat
October 21, 2020 4:29 PM EDTValmont Industries (NYSE: VMI) reported Q3 EPS of $1.99, $0.27 better than the analyst estimate of $1.72. Revenue for the quarter came in at $734 million versus the consensus estimate of $689.54 million.
Third Quarter 2020 Highlights (all metrics compared to Third Quarter 2019 unless otherwise noted)
Net Sales of $734.0 million increased 6.3% led primarily by significantly higher Utility Support Structures segment sales and improved international market demandOperating Income of $61.5 million, or 8.4% of sales ($67.1 million or 9.1% of sales adjusted1) compared to $61.1 million or 8.8% of sales last yearDiluted Earnings per Share improved to $1.84 ($1.99 adjusted1) compared to... More