Valmont Industries (VMI) Reports Q3, Raises FY23 Guidance
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Valmont Reports Record First Quarter 2023 Results and Raises Full-Year Guidance
April 20, 2023 4:16 PM EDTOMAHA, Neb.--(BUSINESS WIRE)-- Valmont Industries, Inc. (NYSE: VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today reported financial results for the first quarter ended April 1, 2023.
First Quarter 2023 Highlights (all metrics compared to First Quarter 2022 unless otherwise noted)
Achieved record first quarter Net Sales, Operating Income and Diluted Earnings per Share (EPS) Net Sales of $1.1 billion increased 8.3%; excluding 2022 Other segment, Net Sales increased 10.4%1 Operating Income increased 24.9% to $118.5 million, or 11.1% of net sales (increased 23.4% to $122.1 million or 11.5%... More