Valmont Industries: A Difficult Second Quarter Pushed Shares Down Too Far [Seeking Alpha]
Valmont Industries, Inc. (VMI)
Last valmont industries, inc. earnings: 4/22 05:33 pm
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US:NYSE Investor Relations:
valmont.com/financial-information
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Source: Seeking Alpha
Summary The stock of Valmont Industries (NYSE: VMI ) plummeted in July after a poor Q2 earnings report in which the company faced significant revenue difficulties and was forced to revise the full-year guidance lower. This downside surprise comes after a strong Q1 earnings report in which FY2018 guidance was raised. The chart below shows the downward trend of VMI shares capped off by the move following Q2 earnings: VMI data by YCharts Keep in mind that guidance was raised after Valmont's Q1 report, so management definitely had reasons for the bullishness, and although Q2 clearly changed things, there still is value remaining in shares of the industrial stock. What Went So Wrong In Q2? Several market events occurred during the second quarter that warranted timely disclosure. We believe these events were short term in nature as they mostly impacted second quarter results. Despite these temporary headwinds, we remain positive on the strength o
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VMI
News
- Should You Investigate Valmont Industries, Inc. (NYSE:VMI) At US$213? [Yahoo! Finance]Yahoo! Finance
- Valmont Industries, Inc. Announces First Quarter 2024 Earnings Call [Yahoo! Finance]Yahoo! Finance
- Valmont Industries, Inc. Announces First Quarter 2024 Earnings CallBusiness Wire
- Do Fundamentals Have Any Role To Play In Driving Valmont Industries, Inc.'s (NYSE:VMI) Stock Up Recently? [Yahoo! Finance]Yahoo! Finance
- High Mast Lighting Market Valuation to Reach US$ 2,109.5 Million by 2034 Amid Rising Demand from Transportation, Sports, and Manufacturing Industries | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
VMI
Earnings
- 2/21/24 - Beat
VMI
Sec Filings
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- 3/26/24 - Form DEFA14A
- VMI's page on the SEC website