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Valmont: 2Q Earnings Snapshot

July 23, 2019

OMAHA, Neb. (AP) _ Valmont Industries Inc. (VMI) on Tuesday reported second-quarter earnings of $41.4 million.

The Omaha, Nebraska-based company said it had profit of $1.90 per share. Earnings, adjusted for non-recurring costs, came to $2.10 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.24 per share.

The infrastructure equipment maker posted revenue of $700.9 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $726 million.

Valmont expects full-year earnings to be $8.10 to $8.70 per share.

Valmont shares have climbed 19% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $131.74, a drop of roughly 5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VMI at https://www.zacks.com/ap/VMI

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