Exhibit 99.1

 

 

News Release

For Immediate Release

 

 

 

Contact:

Jeff Laudin

April 19, 2017

Phone:

402-963-1158

 

Fax:

402-963-1198

 

 

Valmont Reports First Quarter 2017 Results

 

Omaha, NE - Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and mechanized irrigation equipment and services for agriculture, today reported first quarter 2017 results.

 

First Quarter Highlights:

 

 

 

First Quarter

 

 

 

13 Weeks Ended

 

Summarized Financial Information

 

1-Apr-17

 

26-Mar-16

 

Net sales

 

$

637,474

 

$

596,605

 

Operating income

 

64,502

 

62,365

 

Operating income as a % of net sales GAAP

 

10.1

%

10.5

%

Net earnings

 

38,979

 

32,969

 

Diluted EPS

 

$

1.72

 

$

1.45

 

 

 

 

 

 

 

Average Shares Outstanding - Diluted

 

22,660

 

22,816

 

 

·                  Revenues increased 7% to $637.5 million

 

·                  Operating income increased largely due to improved performance in the Utility Support Structures, Irrigation, and Energy and Mining Segments, offset somewhat by margin compression in the Engineered Support Structures and Coatings Segments

 

·                  Operating income increased $2.1 million, which included $2.8 million in higher LIFO expense related to increased raw material costs and $1.8 million of higher deferred compensation costs that is offset by increased other income. Excepting these items, the increase in operating income was $6.7 million, or 11% over 2016

 

·                  Diluted earnings per share increased 19% to $1.72

 

·                  Reaffirming annual guidance for earnings to be slightly above $7.00 per diluted share

 

“Revenue increased across all segments, led by a strong performance in Utility Support Structures Segment,” said Mogens C. Bay, Valmont’s Chairman and Chief Executive Officer. “All segments saw improved demand and contributed to the sales growth, which supports our outlook for revenue and earnings growth in 2017.

 

-more-

 

Valmont Industries, Inc. · One Valmont Plaza · Omaha, Nebraska 68154 U.S.A. ·

 


The following information was filed by Valmont Industries Inc (VMI) on Thursday, April 20, 2017 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Valmont Industries Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Valmont Industries Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account