Valmont Industries (VMI) Tops Q1 EPS by 25c, Offers Guidance

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Go back to Valmont Industries (VMI) Tops Q1 EPS by 25c, Offers Guidance

Valmont Industries (VMI) Reports Q3, Raises FY23 Guidance

April 20, 2023 4:16 PM EDT

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 April 1, 2023.

First Quarter 2023 Highlights (all metrics compared to First Quarter 2022 unless otherwise noted)

Achieved record first quarter Net Sales, Operating Income and Diluted Earnings per Share (EPS)Net Sales of $1.1 billion increased 8.3%; excluding 2022 Other segment, Net Sales increased 10.4%1Operating Income increased 24.9% to $118.5 million, or 11.1% of net sales (increased 23.4% to $122.1 million or 11.5% adjusted1) compared to $94.8 million or 9.7% of net... More