Valmont Reports Fourth Quarter and Full Year 2019 Results
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Valmont Industries (VMI) Misses Q4 EPS by 20c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus
February 19, 2020 5:41 PM ESTValmont Industries (NYSE: VMI) reported Q4 EPS of $1.66, $0.20 worse than the analyst estimate of $1.86. Revenue for the quarter came in at $683.6 million versus the consensus estimate of $706.37 million.
Fourth Quarter 2019 Highlights (all metrics compared to fourth quarter 2018 unless otherwise noted)
Net Sales of $683.6 million, a decline of 2.0%; lower sales in international markets, particularly in Access Systems and international irrigation, were mostly offset by improvement across North American markets, led by Utility Support StructuresOperating income of $55.0 million or 8.1% of sales, compared to $36.3 million or 5.2% of sales ($66.1 million adjusted1 or 9.5% of... More