Valmont Industries (VMI) Tops Q1 EPS by 45c, Revenues Beat; Offers 2Q Revenues Outlook Above Consensus, FY21 EPS Mid-Point View Below Consensus

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Go back to Valmont Industries (VMI) Tops Q1 EPS by 45c, Revenues Beat; Offers 2Q Revenues Outlook Above Consensus, FY21 EPS Mid-Point View Below Consensus

Valmont Reports First Quarter 2021 Results

April 21, 2021 4:16 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 first quarter ended March 27, 2021.

First Quarter 2021 Highlights (all metrics compared to First Quarter 2020 unless otherwise noted)

Net Sales of $774.9 million increased 14.9% led primarily by significantly higher sales in Irrigation and Utility Support Structures Operating Income increased 15.4% to $77.2 million, or 10.0% of sales compared to $66.9 million or 9.9% of sales... More