U.S. markets closed
  • S&P 500

    3,901.82
    +90.67 (+2.38%)
     
  • Dow 30

    31,535.51
    +603.14 (+1.95%)
     
  • Nasdaq

    13,588.83
    +396.48 (+3.01%)
     
  • Russell 2000

    2,275.32
    +74.27 (+3.37%)
     
  • Crude Oil

    60.19
    -0.45 (-0.74%)
     
  • Gold

    1,720.40
    -2.60 (-0.15%)
     
  • Silver

    26.54
    -0.14 (-0.52%)
     
  • EUR/USD

    1.2051
    -0.0036 (-0.30%)
     
  • 10-Yr Bond

    1.4460
    -0.0140 (-0.96%)
     
  • GBP/USD

    1.3928
    +0.0006 (+0.04%)
     
  • USD/JPY

    106.8510
    +0.3490 (+0.33%)
     
  • BTC-USD

    49,646.37
    +4,372.50 (+9.66%)
     
  • CMC Crypto 200

    982.63
    +54.40 (+5.86%)
     
  • FTSE 100

    6,588.53
    +105.10 (+1.62%)
     
  • Nikkei 225

    29,663.50
    +697.49 (+2.41%)
     

Valmont: 4Q Earnings Snapshot

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

OMAHA, Neb. (AP) _ Valmont Industries Inc. (VMI) on Wednesday reported fourth-quarter net income of $35.8 million.

The Omaha, Nebraska-based company said it had net income of $1.68 per share. Earnings, adjusted for one-time gains and costs, came to $2.20 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.

The infrastructure equipment maker posted revenue of $798.4 million in the period.

For the year, the company reported profit of $140.7 million, or $6.57 per share. Revenue was reported as $2.9 billion.

For the current quarter ending in April, Valmont said it expects revenue in the range of $740 million to $765 million.

The company expects full-year earnings to be $9 to $9.70 per share.

Valmont shares have risen 28% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $224.47, a rise of 48% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VMI at https://www.zacks.com/ap/VMI