Valmont Industries (VMI) Tops Q3 EPS by 27c, Revenues Beat

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Valmont Reports Third Quarter 2020 Results

October 21, 2020 4:28 PM EDT

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 third quarter ended September 26, 2020.

Third Quarter 2020 Highlights (all metrics compared to Third Quarter 2019 unless otherwise noted)

Net Sales of $734.0 million increased 6.3% led primarily by significantly higher Utility Support Structures segment sales and improved international market demand Operating Income of $61.5 million, or 8.4% of sales ($67.1 million or 9.1% of sales... More