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FOR IMMEDIATE RELEASE
|Date:||February 21, 2020|
Correction: Valmont Reports Fourth Quarter and Full Year 2019 Earnings
Omaha, NE - Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today announced that the press release “Valmont Reports Fourth Quarter and Full Year 2019 Earnings”, which was distributed on February 19, 2020, stated that Utility Support Structures segment backlog for the fiscal year ended December 28, 2019 was $498.0 million. The correct Utility Support Structures segment backlog for the fiscal year ended December 28, 2019 is $615.0 million.
|12/28/2019 (As Reported)||12/28/2019|
|Utility Support Structures||498.0||615.0|
The adjustment to the Utility Support Structures backlog does not have an impact on Valmont’s previously announced 2020 outlook on net sales, earnings per share or any other information contained in the original earnings release.
About Valmont Industries, Inc.
Valmont® is a global leader, designing and manufacturing engineered products that support global infrastructure development and agricultural productivity. Its products for infrastructure serve highway, transportation, wireless communication, electric transmission, and industrial construction and energy markets. Its irrigation equipment and services for large-scale agriculture improve farm productivity while conserving fresh water resources. In addition, Valmont provides coatings services that protect against corrosion and improve the service life of steel and other metal products. For more information, visit valmont.com.
The following information was filed by Valmont Industries Inc (VMI) on Friday, February 21, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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