Have you been paying attention to shares of Valmont Industries (VMI) ? Shares have been on the move with the stock up 10.3% over the past month. The stock hit a new 52-week high of $307.67 in the previous session. Valmont Industries has gained 29.6% since the start of the year compared to the 8.7% move for the Zacks Industrial Products sector and the 2.2% return for the Zacks Steel - Pipe and Tube industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it h ...

Valmont Industries, Inc. (NYSE:VMI) Q2 2024 Earnings Conference Call July 25, 2024 9:00 AM ET Company Participants Renee Campbell - SVP, IR and Treasurer Avner Applbaum - President and CEO Tim Francis - Interim CFO Conference Call Participants Chris Moore - CJS Securities Nathan Jones - Stifel Brent Thielman - D.A. Davidson Tom Hayes - C.L. King Tyler Glover - William Blair Jon Braatz - Oppenheimer Operator Greetings, and welcome to the Valmont Industries Second Quarter 2024 Earnings Conference Call. [Opera ...

Valmont Industries, Inc. (VMI) reported a second-quarter 2024 profit of roughly $99.7 million or $4.91 per share, up from $89.4 million or $4.21 per share in the year-ago quarter.Barring one-time items, adjusted earnings per share were $4.76, beating the Zacks Consensus Estimate of $4.04.The upside in earnings can be attributed to pricing actions, cost management and operational efficiencies.The company’s revenues were $1,039.7 million in the quarter, down 0.6% year over year. The top line lagged the Zacks ...

Valmont Industries (VMI) came out with quarterly earnings of $4.76 per share, beating the Zacks Consensus Estimate of $4.04 per share. This compares to earnings of $4.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.82%. A quarter ago, it was expected that this infrastructure equipment maker would post earnings of $3.24 per share when it actually produced earnings of $4.32, delivering a surprise of 33.33%.Over the last fo ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Renee Campbell Email: renee.campbell@valmont.com Date: July 24, 2024 Valmont Reports Second Quarter 2024 Results and Raises Full-Year 2024 Diluted Earnings per Share Guidance OMAHA, Neb.-- 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 June 29, 2024. President and Chief Executiv ...

Valmont Industries (VMI) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sys ...

Valmont Industries (VMI) shares ended the last trading session 3.4% higher at $264.81. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.6% loss over the past four weeks.VMI’s rally appears to be driven by the optimism over high demand in the utility market and continued global investment in the energy transition. The company is also expected to benefit from commercial strategies, enhanced operational efficiencies ...

JHVEPhoto/iStock Editorial via Getty Images Investment Thesis Valmont Industries (NYSE:VMI) is well-positioned to deliver medium to long-term growth. The company's revenues should see a bottom in the coming quarters thanks to an increase in orders in North American business and a good project pipeline in Middle Eastern markets, which should help in the recovery of the Agriculture business. In addition, good demand and increased investments in the electricity infrastructure projects, an increase in the flow ...

Valmont Industries, Inc. (VMI) generated adjusted earnings per share (EPS) of $4.32 in first-quarter 2024, up from $3.47 in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of $3.24.The company’s revenues were $977.8 million in the quarter, down 8% year over year. The top line missed the Zacks Consensus Estimate of $981.6 million.The company managed to increase its profit margins year over year on lower sales through successful commercial strategies, enhanced operational efficiencies ...

Call end: 09:47 Valmont Industries, Inc. (NYSE:VMI) Q1 2024 Earnings Conference Call May 02, 2024 09:00 AM ET Company Participants Renee Campbell - Senior Vice President-Investor Relations and Treasurer Avner Applbaum - President and Chief Executive Officer Tim Francis - Interim Chief Financial Officer Conference Call Participants Chris Moore - CJS Securities Brent Thielman - D.A. Davidson Brian Drab - William Blair Jon Braatz - Kansas City Capital Operator Greetings, welcome to Valmont Industries, Inc. Fir ...