Valmont: Q1 Earnings Snapshot

OMAHA, Neb. (AP) — OMAHA, Neb. (AP) — Valmont Industries Inc. (VMI) on Thursday reported first-quarter profit of $74.5 million.

On a per-share basis, the Omaha, Nebraska-based company said it had net income of $3.47. Earnings, adjusted for one-time gains and costs, came to $3.61 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.32 per share.

The infrastructure equipment maker posted revenue of $1.06 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.02 billion.

Valmont expects full-year earnings in the range of $15.45 to $16 per share.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on VMI at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up