Valmont Industries (VMI) Tops Q3 EPS by 3c, Comments on Outlook

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Go back to Valmont Industries (VMI) Tops Q3 EPS by 3c, Comments on Outlook

Valmont Announces Third Quarter 2015 Results

October 21, 2015 5:30 PM EDT

OMAHA, Neb., Oct. 21, 2015 /PRNewswire/ -- Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure and mechanized irrigation equipment for agriculture, today reported third quarter results.

Highlights:

GAAP diluted EPS were $0.52 compared with $0.92 in 2014. Adjusted diluted EPS, before restructuring and impairment charges, were $1.39, as compared with $1.92 in 2014 before refinancing charges. Revenues of $633 million were down 17% from 2014 with foreign exchange representing about half of the decline. Operating income was $37 million ($61.0 million before charges); foreign exchange impact was $(6.0) million year-over-year.... More