Valmont Industries Inc Q2 adjusted earnings Beat Estimates

Valmont Industries Inc (VMI) announced a profit for second quarter that decreased from last year.

The company’s bottom line totaled $32.96 million, or $1.46 per share. This compares with $45.66 million, or $2.01 per share, in last year’s second quarter.

Excluding items, Valmont Industries Inc reported adjusted earnings of $44.71 million or $1.98 per share for the period.

Analysts had expected the company to earn $1.95 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 4.3% to $682.40 million from $712.74 million last year.

Valmont Industries Inc earnings at a glance:

-Earnings (Q2): $44.71 Mln. vs. $45.66 Mln. last year.
-EPS (Q2): $1.98 vs. $2.01 last year.
-Analysts Estimate: $1.95
-Revenue (Q2): $682.40 Mln vs. $712.74 Mln last year.

by RTTNews Staff Writer

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