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, will host its fourth quarter and full year 2023 earnings conference call on Thursday, February 22, 2024 beginning at 8:00 a.m. CT. A news release outlining fourth quarter and full year results will be distributed after market close on Wednesday, February 21, 2024. A live audio discussion with Avner M. Appl ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Valmont Industries (VMI) . This company, which is in the Zacks Steel - Pipe and Tube industry, shows potential for another earnings beat.This infrastructure equipment maker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for th ...

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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to Commission file number 1-31429 Valmo ...

Valmont Industries, Inc. (NYSE:VMI) Q3 2023 Earnings Conference Call October 26, 2023 9:00 AM ET Company Participants Renee Campbell - SVP, IR & Treasurer Avner Applbaum - CEO & President Timothy Francis - Interim CFO and SVP & Finance Business Partner, Global Operations Conference Call Participants Nathan Jones - Stifel Christopher Moore - CJS Securities Brent Thielman - D.A. Davidson & Co. Brian Wright - ROTH MKM Partners Brian Drab - William Blair & Company Ryan Connors - Northcoast Research Partners Ope ...

3Q 2023 Earnings Presentation Disclosure Regarding Forward-Looking Statements These slides contain (and the accompanying oral discussion will contain) “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including general economic and business condi ...

2Q 2023 Earnings Presentation Disclosure Regarding Forward-Looking Statements These slides contain (and the accompanying oral discussion will contain) “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including general economic and business condi ...

Financial Performance - Consolidated net sales for the second quarter of fiscal 2023 were $2,108.8 million, a decrease of 7.9% compared to $2,116.4 million in the same period of fiscal 2022[103] - Gross profit increased to $329.4 million in the second quarter of fiscal 2023, representing a 12.6% increase from $292.6 million in the second quarter of fiscal 2022[103] - Operating income for the second quarter of fiscal 2023 was $133.7 million, up 12.6% from $118.7 million in the second quarter of fiscal 2022[103] - Net earnings attributable to Valmont Industries, Inc. increased by 17.4% to $89.4 million in the second quarter of fiscal 2023, compared to $76.1 million in the same period of fiscal 2022[103] - Net sales for the twenty-six weeks ended July 1, 2023, were $1.401 billion, slightly up from $1.396 billion for the same period in 2022[166] - Gross profit for the same period was $401.8 million, compared to $345.3 million in the prior year, indicating a significant improvement[166] - Operating income increased to $158.0 million for the twenty-six weeks ended July 1, 2023, from $142.1 million in the same period of 2022[166] Tax and Compliance - The effective tax rate for the second quarter of fiscal 2023 was 26.4%, down from 27.6% in the same period of fiscal 2022[123] - The company is in compliance with all covenants related to its debt agreements as of July 1, 2023[156] Sales and Segment Performance - Infrastructure segment total sales for the second quarter of fiscal 2023 were $770.6 million, an increase of 4.2% compared to $739.5 million in the same period of fiscal 2022[127] - Solar sales in the second quarter of fiscal 2023 increased by 82.1% to $51.3 million, up from $28.2 million in the same period of fiscal 2022[127] - Agriculture segment total sales decreased by 25.9% to $279.9 million in the second quarter of fiscal 2023, down from $377.8 million in the same period of fiscal 2022[134] - North America sales in the Agriculture segment decreased by 30.7% to $140.9 million in the second quarter of fiscal 2023, compared to $203.5 million in the same period of fiscal 2022[134] Expenses and Cash Flow - Selling, general, and administrative expenses increased to $195.7 million in the second quarter of fiscal 2023, a 12.5% increase from $173.9 million in the same period of fiscal 2022[103] - SG&A expenses increased in the second quarter of fiscal 2023 due to higher employment costs and incremental expenses from the acquisition of ConcealFab, totaling $2.2 million[133] - Cash flows from operating activities were $109.5 million in the first half of fiscal 2023, compared to $68.0 million in the first half of fiscal 2022[126] - The company reported net cash flows provided by operating activities of $109.5 million for the first half of fiscal 2023, an increase from $68.0 million in the same period of fiscal 2022[161] Debt and Capital Management - As of July 1, 2023, the company had outstanding borrowings of $222.7 million under its revolving credit facility, up from $140.5 million as of December 31, 2022[149] - The company plans to maintain a debt to invested capital ratio that supports its current investment grade debt rating[140] - Total interest-bearing debt increased to $955.4 million as of July 1, 2023, up from $878.0 million as of December 31, 2022[163] - Adjusted EBITDA for the last four fiscal quarters was $622.4 million, with a leverage ratio of 1.39 as of July 1, 2023, well below the covenant limit of 3.50[171][173] Acquisitions and Divestitures - The company entered into an agreement to acquire HR Products for approximately $40 million USD, expected to close in the third quarter of fiscal 2023[108] - The company divested Torrent Engineering and Equipment in the second quarter of fiscal 2023, impacting the Agriculture segment[109] Currency Effects and Liabilities - The company experienced unfavorable currency translation effects of $8.4 million and $19.2 million for the second quarter and first half of fiscal 2023, respectively[127] - The company has a liability for foreign withholding taxes and U.S. state income taxes totaling $3.0 million as of July 1, 2023[159] Dividend - The company authorized an increase in the quarterly cash dividend to $0.60 per share, a 9% increase from the previous dividend of $0.55 per share[142]

Valmont Industries, Inc. (NYSE:VMI) Q2 2023 Earnings Conference Call July 27, 2023 9:00 AM ET Company Participants Renee Campbell - SVP of IR & Treasurer Avner Applbaum - CEO & President Timothy Francis - Interim CFO and SVP & Finance Business Partner, Global Operations Conference Call Participants Brian Drab - William Blair & Company Brent Thielman - D.A. Davidson & Co. Brian Wright - ROTH MKM Partners Christopher Moore - CJS Securities Jonathan Braatz - Kansas City Capital Associates Adam Farley - Stifel, ...

Form 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 1, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 15000 Valmont Plaza, Omaha, Nebraska 68154 (Address of Principal Executive Offices) (Zip Code) (402) 963-1000 (Registrant's telephone number, including area code) (Former name, f ...