Valmont Announces First Quarter 2015 Results and a Restructuring Plan

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Valmont Industries (VMI) Misses Q1 EPS by 20c; Announces Restructuring Plan

April 22, 2015 5:31 PM EDT

Valmont Industries (NYSE: VMI) reported Q1 EPS of $1.29, $0.20 worse than the analyst estimate of $1.49. Revenue for the quarter came in at $670.4 million versus the consensus estimate of $715.36 million.

Restructuring Plan:

Given that market conditions in a number of our businesses are not expected to... More