Valmont Industries (VMI) Tops Q2 EPS by 26c; Maintains FY Outlook

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Go back to Valmont Industries (VMI) Tops Q2 EPS by 26c; Maintains FY Outlook

Valmont Reports Second Quarter 2023 Results

July 26, 2023 4:16 PM EDT

Expands Operating Margins, Delivers Record 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 July 1, 2023.

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

Net Sales of $1.0 billion decreased 7.9%; accounting for the 2022 divestiture of the offshore wind energy structures business, reported in the Other segment, Net Sales decreased 5.7%1 Operating Income increased 12.6% to $133.7 million, or... More