Valmont Industries (VMI) Misses Q4 EPS by 4c, Offers Outlook

Valmont Industries (NYSE: VMI) reported Q4 EPS of $1.35, $0.04 worse than the analyst estimate of $1.39. Revenue for the quarter came in at $633.8 million versus the consensus estimate of $671.09 million.

2016 Outlook:

2016 annual guidance and assumptions include:

Revenue: Slightly lower, which includes expectations for reduced irrigation sales
Diluted EPS: Up ~12-15% from 2015 adjusted EPS of $5.63 with first quarter results about flat and positive quarterly comparisons for the remainder of the year.

"Looking forward to 2016, we do not anticipate meaningful improvements in our end markets and are prioritizing operational excellence and cost reductions to drive increased earnings," Mr. Bay said. "Additional expectations informing our current outlook include stable input costs and foreign exchange rates."

"While the macro environment remains challenged, none of the positive long-term, global drivers for our businesses have changed. Efficient use of water for food production will only increase in urgency and economic growth cannot be sustained without investments in the world's infrastructure. We believe we are well positioned to participate in these opportunities."

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

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