Valmont Industries, Inc. Revises Earnings Guidance for the Year 2021
October 20, 2021 at 04:16 pm EDT
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Valmont Industries, Inc. revised earnings guidance for the year 2021. For the year, GAAP diluted EPS is now expected to be $10.10 to $10.60 compared to previous outlook of $9.90 to $10.60 and net Sales growth is expected to be 17% to 18% compared to previous outlook of 16% to 19%.
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. 
