Valmont Industries, Inc. Reports Earnings Results for the First Quarter Ended March 27, 2021
April 21, 2021 at 04:16 pm EDT
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Valmont Industries, Inc. announced earnings results for the first quarter ended March 27, 2021. For the first quarter, the company announced sales was USD 774.886 million compared to USD 674.200 million a year ago. Operating income was USD 77.211 million compared to USD 66.895 million a year ago. Net income was USD 55.014 million compared to USD 42.929 million a year ago. Basic earnings per share from continuing operations was USD 2.6 compared to USD 2 a year ago. Diluted earnings per share from continuing operations was USD 2.57 compared to USD 1.99 a year ago.
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. 
