Valmont Industries, Inc. Provides Earnings Guidance for the Second Quarter of 2021 and Reaffirms Earnings Guidance for the Full Year 2021
April 21, 2021 at 04:16 pm EDT
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Valmont Industries, Inc. Provided earnings guidance for the second quarter of 2021 and reaffirmed earnings guidance for the full year 2021. For the second quarter of 2021, the company net sales are estimated to be $805.0 million to $830.0 million.
For the full year, the company net sales are estimated to increase 9.0% to 14.0% vs. prior year. Diluted Earnings per Share estimated to be $9.00 to $9.70.
Valmont Industries, Inc. is a manufacturer of products and services for infrastructure and agricultural markets. The Company operates through two segments: Infrastructure and Agriculture. The Infrastructure segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, solar, lighting, transportation, and telecommunications, along with coatings services to protect metal products. Its Infrastructure segment is comprised of five primary product lines: Transmission, Distribution, and Substation (TD&S); Lighting and Transportation (L&T); Coatings; Telecommunications, and Solar. The Agriculture segment consists of the manufacture of center pivot components and linear irrigation equipment for agricultural markets, including parts and tubular products, and advanced technology solutions for precision agriculture. It manufactures and distributes mechanical irrigation equipment and related service parts under the Valley brand name.
VALMONT INDUSTRIES, INC. 
