Valmont Industries (VMI) Tops Q2 EPS by 56c; Raises Outlook

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Go back to Valmont Industries (VMI) Tops Q2 EPS by 56c; Raises Outlook

Valmont Reports Second Quarter 2021 Results and Increases 2021 Full-Year Guidance

July 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 second quarter ended June 26, 2021.

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

Record Net Sales of $894.6 million, an increase of 29.9% with growth in all segments, led by significantly higher sales in Irrigation and Utility Support Structures Operating Income improved to $82.6 million, or 9.2% of sales ($90.9 million or 10.2%... More