Valmont Industries (VMI) Tops Q3 EPS by 3c, Comments on Outlook

Valmont Industries (NYSE: VMI) reported Q3 EPS of $1.39, $0.03 better than the analyst estimate of $1.36. Revenue for the quarter came in at $632.6 million versus the consensus estimate of $661.61 million.

Outlook:

"At this time, we are not expecting the current market environment to improve and our immediate focus remains on aligning our cost structure through the planned restructuring activities, but still investing in product line development to strengthen our leading market positions. We expect a meaningful improvement in 2016 earnings," said Mr. Bay.

For earnings history and earnings-related data on Valmont Industries (VMI) click here.

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