Valmont: Q4 Earnings Snapshot

Associated Press Finance
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OMAHA, Neb. (AP) — OMAHA, Neb. (AP) — Valmont Industries Inc. (VMI) on Wednesday reported fourth-quarter earnings of $28.6 million.

On a per-share basis, the Omaha, Nebraska-based company said it had profit of $1.38. Earnings, adjusted for non-recurring costs, came to $3.18 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.08 per share.

The infrastructure equipment maker posted revenue of $1.02 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $1.04 billion.

For the year, the company reported profit of $143.5 million, or $6.78 per share. Revenue was reported as $4.17 billion.

Valmont expects full-year earnings to be $14.25 to $15.50 per share.

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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

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