Valmont Industries (VMI) Tops Q2 EPS by 35c; Raises Outlook
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Valmont Reports Second Quarter 2022 Results and Raises Full-Year Guidance
July 20, 2022 4:16 PM EDTAchieved Record 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 second quarter ended June 25, 2022.
Second Quarter 2022 Highlights (all metrics compared to Second Quarter 2021 unless otherwise noted)
Record Net Sales of $1.1 billion increased 26.9% Operating Income increased to $118.7 million, or 10.5% of net sales ($122.9 million or 10.8% adjusted1) compared to $82.6 million or 9.2% of net sales ($90.9 million or 10.2%... More