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Stock impact report

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 Check Earnings Report
US:NYSE Investor Relations: valmont.com/financial-information
Company Research 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. Show less Read more
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