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Valmont Industries (VMI)
NYSE:VMI
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$3.63Last Year’s EPS
$3.18Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2024
|% Change Since: 5.77%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Valmont's strong operational performance and cash flow, along with growth in utility and telecom sectors. However, it also pointed to challenges in sales, particularly in agriculture, lighting, and solar segments. The strategic leadership changes are a positive indicator of future performance.Company Guidance
During the Q3 2024 earnings call, Valmont Industries provided comprehensive guidance, highlighting several key metrics. Avner Applbaum noted that despite a 2.9% decrease in net sales compared to the previous year, operating income increased by $4.9 million to $125.7 million, with operating margins improving by 80 basis points to 12.3% of net sales. The company reported strong operating cash flows of $225 million, reinforcing its balance sheet. For the utility business, sales grew nearly 15% year-over-year, contributing to 33% of total revenues, while telecom sales increased by close to 8%. However, solar revenues saw a decline of 38.1% due to the strategic exit from lower-margin projects. In agriculture, North American sales were slightly lower, with international sales decreasing primarily due to conditions in Brazil. Overall, the company maintained its full-year 2024 outlook, expecting net sales to decrease by 1.5% to 3.5% and EPS to range between $16.50 and $17.30.Solid Operating Performance
Valmont delivered strong operating profit and expanded operating margins year-over-year despite lower sales, driven by effective commercial and operational execution, pricing discipline, and improved cost structure.
Strong Cash Flow
Generated strong operating cash flows of $225 million, further strengthening the balance sheet.
Utility and Telecom Business Growth
Utility CapEx spending and telecom sales increased, with utility business growing nearly 15% year-over-year to $342.4 million, contributing to higher operating margins.
Infrastructure Segment Margin Improvement
Infrastructure operating income increased to $123.7 million or 16.3% of net sales, a 200 basis point improvement.
Strategic Executive Appointments
Key roles on the executive leadership team filled with strategic hires and internal promotions, enhancing leadership capabilities.
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VMI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $294.94 | $325.60 | +10.40% |
| Jul 24, 2024 | $270.34 | $299.03 | +10.61% |
| May 01, 2024 | $206.82 | $243.53 | +17.75% |
| Feb 21, 2024 | $225.42 | $217.57 | -3.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Valmont Industries (VMI) report earnings?
Valmont Industries (VMI) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Valmont Industries (VMI) earnings time?
Valmont Industries (VMI) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VMI EPS forecast?
VMI EPS forecast for the fiscal quarter 2024 (Q4) is $3.63.
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