Valmont Industries (VMI) Misses Q3 EPS by 1c; Slightly Lower Outlook

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Go back to Valmont Industries (VMI) Misses Q3 EPS by 1c; Slightly Lower Outlook

Valmont Reports Third Quarter 2016 Earnings

October 19, 2016 5:54 PM EDT

OMAHA, Neb., Oct. 19, 2016 /PRNewswire/ -- Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and mechanized irrigation equipment and services for agriculture, today reported third quarter results.

Revenues were $610.2 million, down 3.5% year-over-year reflecting lower sales in the Utility Support Structures, Coatings and Energy and Mining segments Operating income on a GAAP basis was $53.2 million, up from $37.0 million last year. Before restructuring charges and impairments, operating income was $58.3 million, a slight decrease from last year's $61.0 million... More