Earnings ·
Reports Q3 EPS of $6.24 and raises full-year adjusted EPS guidance to $22.75-$23.75
VMIValmont Industries Inc
Valmont Industries reported third-quarter net sales of $1.10 billion, a 5.5% increase year-over-year, with operating income rising 22.2% to $172.8 million. Diluted earnings per share increased 25.3% to $6.24 from $4.98 in the prior year period. The company raised its full-year adjusted diluted EPS guidance range to $22.75-$23.75, up from the previous outlook of $22.25-$23.50, while reaffirming net sales and capital expenditure projections. Valmont operates as a global provider of products and solutions for vital infrastructure and agricultural productivity.