Valmont Reports Fourth Quarter and Full Year 2020 Results
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Valmont Industries (VMI) Tops Q4 EPS by 41c, Revenues Beat; Offers 1Q Revenue Guidance Above Consensus, FY21 EPS Guidance Above Consensus
February 17, 2021 4:43 PM ESTValmont Industries (NYSE: VMI) reported Q4 EPS of $2.20, $0.41 better than the analyst estimate of $1.79. Revenue for the quarter came in at $798.4 million versus the consensus estimate of $724.76 million.
Fourth Quarter 2020 Highlights (all metrics compared to Fourth Quarter 2019 unless otherwise noted)
Net Sales of $798.4 million increased 16.8% led primarily by significantly higher sales in Irrigation and Utility Support StructuresOperating Income of $54.1 million, or 6.8% of sales ($68.8 million or 8.6% of sales adjusted1) compared to $50.8 million or 7.4% of sales last yearDiluted Earnings per Share (EPS) improved to $1.68 ($2.20 adjusted1) compared to $1.51; GAAP EPS includes a ($0.38) impact related to the... More