Valmont Industries (VMI) Tops Q1 EPS by 63c

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Go back to Valmont Industries (VMI) Tops Q1 EPS by 63c

Valmont Reports First Quarter 2022 Results and Raises Full-Year Guidance

April 20, 2022 4:16 PM EDT

Achieved Record First-Quarter Sales and Earnings per Share

OMAHA, Neb.--(BUSINESS WIRE)-- Valmont Industries, Inc. (NYSE: VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today reported financial results for the first quarter ended March 26, 2022.

First Quarter 2022 Highlights (all metrics compared to First Quarter 2021 unless otherwise noted)

First Quarter Record Net Sales increased 26.6% to $980.8 million. Operating Income increased to $94.8 million, or 9.7% of net sales ($99.0 million or 10.1% adjusted1) compared to $77.2 million or 10.0% of net... More