Valmont's (VMI) Q2 Earnings Beat Estimates, Revenues Lag

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 ...