UPDATE: Valmont Industries (VMI) Tops Q2 EPS by 56c, Revenues Beat; Offers 3Q Revenue Guidance Above Consensus
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Valmont Reports Second Quarter 2020 Results; Operating Performance Improves Despite COVID-19 Disruptions
July 22, 2020 5:05 PM EDTOMAHA, 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 second quarter ended June 27, 2020.
Second Quarter 2020 Highlights (all metrics compared to Second Quarter 2019 unless otherwise noted)
Net Sales of $688.8 million declined 1.7%; excluding $13.7 million of unfavorable currency impacts, sales were similar to last year, as strong growth in Utility Support Structures was offset by lower sales in the Coatings segment due to... More