Valmont Industries (VMI) Tops Q1 EPS by 8c

Valmont Industries (NYSE: VMI) reported Q1 EPS of $1.72, $0.08 better than the analyst estimate of $1.64. Revenue for the quarter came in at $637.5 million versus the consensus estimate of $624.2 million.

Outlook:

"We are off to a good start to the year," Mr. Bay said. "We are encouraged by signs of improved demand in certain of our markets, evidenced by our second consecutive quarter of improved sales. While the current volatility in certain raw material costs, and weak farm economy fundamentals, could still impact some of our businesses, we reconfirm our sales, earnings and cash flow guidance for the year."

For earnings history and earnings-related data on Valmont Industries (VMI) click here.

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