Valmont Industries (VMI) Misses Q4 EPS by 20c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus

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Go back to Valmont Industries (VMI) Misses Q4 EPS by 20c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus

Valmont Reports Fourth Quarter and Full Year 2019 Results

February 19, 2020 5:35 PM EST

OMAHA, Neb.--(BUSINESS WIRE)-- Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today reported financial results for the fourth quarter and full year ended December 28, 2019.

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... More