Why Is Valmont (VMI) Up 1.6% Since Last Earnings Report?

Segment Review Second-quarter revenues in the infrastructure segment increased marginally from the previous year, totaling $763.1 million. The figure lagged our estimate of $767.1 million. Utility sales grew owing to higher volumes and favorable pricing. Telecommunications sales rose, owing to strategic positioning within carrier capex spending plans, whereas Solar sales declined drastically on lower volumes. Lighting, Transportation and Coatings sales declined mainly due to weaker demand in international m ...