Valmont(VMI) ZACKS·2024-10-22 23:01Core 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]