Exhibit 99.1



News Release

For Immediate Release





Jeff Laudin

April 19, 2017








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






Net sales








Operating income






Operating income as a % of net sales GAAP






Net earnings






Diluted EPS














Average Shares Outstanding - Diluted







·                  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.




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.

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