Valmont's (VMI) Q1 Earnings Beat Estimates, Revenues Miss
Valmont(VMI) Zacks Investment Research·2024-05-06 23:01
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 ...