Valmont Industries (VMI) Tops Q3 EPS by 8c, Offers FY Guidance
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Valmont Reports Third Quarter 2021 Results
October 20, 2021 4:16 PM EDTOMAHA, 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 25, 2021.
Third Quarter 2021 Highlights (all metrics compared to Third Quarter 2020 unless otherwise noted)
Record Third-Quarter Net Sales of $868.8 million, an increase of 18.4%, with growth in all segments led by significantly higher Irrigation sales Operating Income improved to $76.2 million, or 8.8% of sales ($80.4 million or 9.3% adjusted1) compared to $61.5 million or 8.4% of... More