Valmont Industries (VMI) Tops Q4 EPS by 41c, Revenues Beat; Offers 1Q Revenue Guidance Above Consensus, FY21 EPS Guidance Above Consensus

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Go back to Valmont Industries (VMI) Tops Q4 EPS by 41c, Revenues Beat; Offers 1Q Revenue Guidance Above Consensus, FY21 EPS Guidance Above Consensus

Valmont Reports Fourth Quarter and Full Year 2020 Results

February 17, 2021 4:35 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 fiscal year ended December 26, 2020.

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 Structures
Operating Income of $54.1 million, or 6.8% of sales ($68.8 million or 8.6% of sales adjusted1) compared... More