Valmont's (VMI) Q1 Earnings Beat Estimates, Revenues Miss [Yahoo! Finance]
Valmont Industries, Inc. (VMI)
Last valmont industries, inc. earnings: 4/22 05:33 pm
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US:NYSE Investor Relations:
valmont.com/financial-information
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Source: Yahoo! Finance
The bottom line beat the Zacks Consensus Estimate of $3.24. The company's revenues were $977.8 million in the quarter, down 8% year over year. The top line missed the Zacks Consensus Estimate of $981.6 million. The company managed to increase its profit margins year over year on lower sales through successful commercial strategies, enhanced operational efficiencies and lower SG&A expenses resulting from strategic cost-saving measures implemented in late 2023. Valmont Industries, Inc. Price, Consensus and EPS Surprise Valmont Industries, Inc. price-consensus-eps-surprise-chart | Valmont Industries, Inc. Quote Segment Review The Infrastructure segment's first-quarter revenues dropped 1.7% year over year to $723.6 million. The figure missed our estimate of $733.1 million. Increased volumes in the Transmission, Distribution and Substation and Solar product lines were driven by sustained high demand in the utility market and continued global investment in the energy transition.
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VMI
Earnings
- 10/22/24 - Beat
VMI
Sec Filings
- 11/12/24 - Form 144
- 11/8/24 - Form SC
- 11/8/24 - Form 4
- VMI's page on the SEC website