A month has gone by since the last earnings report for Valmont Industries (VMI) . Shares have added about 4.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Valmont due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Valmont's Earnings and Revenues Surpass Estimates ...

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Group 1 - Valmont Industries (NYSE: VMI) is expected to see positive revenue growth next year, driven by strong demand in the Infrastructure segment [1] - The Infrastructure segment is benefiting from healthy capital expenditures in Utility and Telecom sectors, as well as IIJA funding supporting the Transportation end market [1] - There is a noted reversal in trends that is contributing to the anticipated growth in revenue for Valmont Industries [1]

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Valmont Industries, Inc. (NYSE:VMI) Q3 2024 Earnings Call Transcript October 23, 2024 9:00 AM ET Company Participants Renee Campbell - SVP, IR and Treasurer Avner Applbaum - President and CEO Tom Liguori - EVP and CFO Conference Call Participants Chris Moore - CJS Securities Nathan Jones - Stifel Brent Thielman - D.A. Davidson Brian Drab - William Blair Jon Braatz - Oppenheimer & Company Tom Hayes - CL King & Associates Operator Greetings, and welcome to the Valmont Industries, Incorporated, Third Quarter 2 ...

valmont V Q3 2024 Earnings Presentation October 23, 2024 Valmont® © 2024 Industries, Inc. Today's Agenda • Q3 2024 Results & Key Messages • Current Market Dynamics & Long-term Megatrends • 2024 Outlook & Guidance • Q&A 2 October 23, 2024 | Valmont Industries, Inc. 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 invol ...

Valmont Industries, Inc. (VMI) reported a third-quarter 2024 profit of $83 million or $4.11 per share. This compares favorably to a loss of $49 million or $2.34 per share in the year-ago quarter. Adjusted earnings per share were $4.11, down from $4.12 in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of $3.96.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company’s revenues were $1,020.2 million in the quarter, down 2.9% year over year. The top line beat ...

Core Insights - Valmont Industries reported revenue of $1.02 billion for the quarter ended September 2024, reflecting a decrease of 2.9% year-over-year, while EPS was $4.11, slightly down from $4.12 in the previous year [1] - The revenue exceeded the Zacks Consensus Estimate by +0.10%, and the EPS surpassed the consensus estimate of $3.96 by +3.79% [1] Financial Performance Metrics - Total Sales- Intersegment: reported at -$3.69 million, slightly worse than the estimated -$3.51 million, but a +13.1% change compared to the year-ago quarter [2] - Total Sales- Infrastructure: $758.58 million, below the estimated $770.03 million [2] - Total Sales- Agriculture: $265.29 million, exceeding the estimated $253.27 million [2] - Operating Income / (loss)- Corporate: -$26.82 million, worse than the average estimate of -$23.77 million [2] - Operating Income / (loss)- Infrastructure: $123.66 million, better than the average estimate of $118.07 million [2] - Operating Income / (loss)- Agriculture: $28.89 million, exceeding the average estimate of $26.47 million [2] Stock Performance - Valmont's shares have returned +5.4% over the past month, outperforming the Zacks S&P 500 composite's +2.8% change [2] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [2]

Valmont Industries (VMI) came out with quarterly earnings of $4.11 per share, beating the Zacks Consensus Estimate of $3.96 per share. This compares to earnings of $4.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.79%. A quarter ago, it was expected that this infrastructure equipment maker would post earnings of $4.04 per share when it actually produced earnings of $4.76, delivering a surprise of 17.82%.Over the last fou ...

Financial Performance - Net sales for Q3 2024 were $1.0 billion, a decrease of 2.9% compared to Q3 2023[2] - Operating income increased to $125.7 million, representing 12.3% of net sales, compared to an operating loss of ($24.2) million in Q3 2023[2] - Diluted earnings per share (EPS) were $4.11, a significant improvement from a diluted loss per share of ($2.34) in Q3 2023[2] - Generated strong operating cash flows of $225.1 million, with cash and cash equivalents at $200.5 million at the end of Q3[2] - The company reaffirmed its full-year 2024 financial outlook, expecting net sales to decrease between 3.5% and 1.5% compared to the prior year[11] - Diluted EPS guidance for 2024 is projected to be between $16.50 and $17.30[11] - Net sales for the thirteen weeks ended September 28, 2024, were $1,020,175, a decrease of 2.9% compared to $1,050,295 for the same period in 2023[15] - Gross profit for the thirteen weeks ended September 28, 2024, was $301,693, down from $315,111 in the prior year, resulting in a gross margin of 29.5% compared to 30.0%[15] - Operating income for the thirteen weeks ended September 28, 2024, was $125,735, a significant recovery from an operating loss of $(24,190) in the same quarter of 2023[15] - Net earnings attributable to Valmont Industries, Inc. for the thirteen weeks ended September 28, 2024, were $83,068, compared to a net loss of $(49,028) in the prior year[15] - The company reported earnings per share (EPS) of $4.13 for the thirteen weeks ended September 28, 2024, compared to a loss per share of $(2.34) in the same period last year[15] - Total sales for the thirty-nine weeks ended September 28, 2024, were $2,178,782, a slight decrease from $2,182,271 for the same period in 2023[19] - Net earnings for the thirty-nine weeks ended September 30, 2023, were $114,888, with diluted earnings per share of $5.40[25] Segment Performance - Infrastructure segment sales were $758.6 million, with utility sales growing nearly 15% due to a favorable project mix[5][6] - Agriculture segment sales decreased by 11.1% year over year to $265.3 million, impacted by lower grain prices and reduced volumes in North America and Brazil[8] - Operating income for the Agriculture segment was $28.9 million, or 11.0% of net sales, compared to an operating loss of ($99.7) million in Q3 2023[9] - Infrastructure segment net sales increased slightly to $756,370 for the thirteen weeks ended September 28, 2024, from $753,626 in the prior year, with a gross profit margin improvement to 29.5%[16] - Agriculture segment net sales decreased to $263,805 for the thirteen weeks ended September 28, 2024, down from $296,669 in the same period last year, with a gross profit margin decline to 29.7%[16] Cash Flow and Debt Management - The company reduced borrowings on its revolving credit facility by approximately $120 million this quarter, totaling a year-to-date reduction of approximately $210 million[10] - Cash flows from operating activities for the thirty-nine weeks ended September 28, 2024, were $379,264, compared to $190,868 for the same period in 2023[22] - Cash and cash equivalents at the end of the period were $200,477, down from $203,041 at the beginning of the period[22] Assets and Liabilities - Total assets increased to $3,496,828 as of September 28, 2024, from $3,477,448 as of December 30, 2023[21] - Total liabilities decreased to $1,909,024 as of September 28, 2024, from $2,060,376 as of December 30, 2023[21] Impairment and Charges - The company incurred impairment charges of $140,844 in the previous year, which were not repeated in the current quarter, contributing to improved operating results[15] - The company experienced an impairment of goodwill and other intangible assets amounting to $140,844 during the thirteen weeks ended September 30, 2023[25] - Impairment of goodwill and other intangible assets totaled $140,844 million[29] - Realignment charges amounted to $4,180 million during the period[29] Strategic Focus - The company plans to focus on realignment strategies following significant adjustments related to the Prospera segment[24]