Valmont Industries (VMI) Tops Q4 EPS by 8c
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Valmont Reports Fourth Quarter and Full Year 2021 Results; Achieved Record Annual Sales of $3.5 Billion
February 16, 2022 4:16 PM ESTOMAHA, 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 25, 2021.
Fourth Quarter 2021 Highlights (all metrics compared to Fourth Quarter 2020 unless otherwise noted)
Record Net Sales of $963.3 million increased 20.7%, with growth in all segments led by significantly higher Irrigation sales Operating Income of $50.8 million, or 5.3% of sales ($85.6 million or 8.9% adjusted1) compared to $54.1 million or 6.8% of sales ($68.8 million or... More