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Stock impact report

Valmont Reports Second Quarter 2021 Results and Increases 2021 Full-Year Guidance

Valmont Industries, Inc. (VMI) 
Last valmont industries, inc. earnings: 4/22 05:33 pm Check Earnings Report
US:NYSE Investor Relations: valmont.com/financial-information
Company Research Source: Business Wire
OMAHA, Neb.--(BUSINESS WIRE)--Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today reported financial results for the second quarter ended June 26, 2021.Second Quarter 2021 Highlights (all metrics compared to Second Quarter 2020 unless otherwise noted) Record Net Sales of $894.6 million, an increase of 29.9% with growth in all segments, led by significantly higher sales in Irrigation and Utility Support StructuresOperating Income improved to $82.6 million, or 9.2% of sales ($90.9 million or 10.2% adjusted1) compared to $43.4 million or 6.3% of sales last year ($65.7 million or 9.5% adjusted1), despite continued inflationary pressuresDiluted Earnings per Share (EPS) improved to $2.89 ($3.06 adjusted1) compared to $1.06 ($2.00 adjusted1)Record global backlog of more than $1.34 billion, an increase of 17.5% since the end of fiscal 2020, reflecting Show less Read more
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