Last $149.30 USD
Change Today +1.07 / 0.72%
Volume 259.3K
VMI On Other Exchanges
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Berlin
As of 8:04 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

valmont industries (VMI) Key Developments

Valmont Industries, Inc. Reports Unaudited Consolidated Earnings Guidance for the Second Quarter Ended June 28, 2014; Reaffirms Earnings Guidance for Fiscal 2014

Valmont Industries, Inc. reported unaudited consolidated earnings guidance for the second quarter ended June 28, 2014. For the quarter, net sales were $842.599 million against $878.659 million a year ago. Operating income was $104.776 million against $144.265 million a year ago. Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries was $99.952 million against $138.215 million a year ago. Net earnings attributable to the company was $63.976 million or $2.38 per diluted share against $89.563 million or $3.33 per diluted share a year ago. For the six months, net sales were $1,594.339 million against $1,698.289 million a year ago. Operating income was $203.624 million against $262.455 million a year ago. Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries was $186.530 million against $251.124 million a year ago. Net earnings attributable to the company was $119.956 million or $4.46 per diluted share against $167.132 million or $6.22 per diluted share a year ago. Net earnings attributable to the company - adjusted was $123.457 million or $4.59 per diluted share against $162.757 million or $6.05 per diluted share a year ago. The company reaffirms its guidance for fiscal 2014, the company expects earnings per diluted share for the year will be in the range of $9.35 to $9.65 per share.

Valmont Industries, Inc. Revises Earnings Guidance for the Year 2014 and Provides Earnings Guidance for the Second Quarter of 2014

Valmont Industries, Inc. revised earnings guidance for the year 2014 and provides earnings guidance for the second quarter of 2014. For the year, the company said that, to reflect the more challenging environment in its North American utility structures business and the continued weakness in the Australian economy, it is now expecting full year diluted earnings per share to be in the range of $9.35 - $9.65. The previous guidance range was for earnings of $10.00 - $10.50 per diluted share. The guidance excludes the effect of the company's stock repurchasing program on EPS and any one-time adjustments that may take place during the remainder of the year. For the quarter, the company expects diluted EPS in the range of $2.35 - $2.40.

Valmont Industries, Inc. to Report Q2, 2014 Results on Jul 17, 2014

Valmont Industries, Inc. announced that they will report Q2, 2014 results at 9:30 PM, GMT Standard Time on Jul 17, 2014

Valmont Industries, Inc. Appoints Timothy Francis as Vice President and Corporate Controller and Chief Accounting Officer

Valmont Industries, Inc. announced the hiring of Timothy Francis as Vice President and Corporate Controller and Chief Accounting Officer reporting to Valmont's Executive Vice President and CFO, Mark Jaksich, effective June 3, 2014. Mr. Francis most recently served as Chief Financial Officer of Burlington Capital Group LLC and America First Multifamily Investors, L.P.

Valmont Industries, Inc. Increases Quarterly Cash Dividend, Payable on July 15, 2014

Valmont Industries, Inc. announced that its directors approved an increased quarterly cash dividend of 37.5 cents per share payable on July 15, 2014 to shareholders of record on June 27, 2014.

 

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