Valmont Industries (NYSE: VMI) reported Q4 EPS of $3.18, $0.14 better than the analyst estimate of $3.04. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1.04 billion.

Introducing 2024 Full Year Financial Outlook and Key Assumptions:

The Company is introducing its 2024 full-year net sales and diluted earnings per share outlook and key assumptions for the year.

Net Sales Change (vs. prior year) of (3.0%) to flat

Infrastructure sales growth expected to approach mid-single digits
Agriculture sales expected to decrease 15-20%

Diluted Earnings per Share of $14.25 to $15.50, versus the consensus of $15.28.
Effective tax rate of approximately 26%
Minimal expected foreign currency translation impact to net sales
Capital expenditures expected to be in the range of $125 to $140 million to support strategic growth initiatives

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