Valmont Industries (NYSE:VMI) reported better-than-expected second-quarter results on Tuesday, beating Wall Street forecasts for both earnings and revenue as strong demand across its infrastructure operations supported growth.
Shares edged 0.76% higher in pre-market trading following the announcement.
Adjusted earnings came in at $6.14 per share, exceeding the **** yst consensus estimate of $5.80. Revenue increased 6.5% year over year to $1.12 billion, ahead of expectations of $1.09 billion.
The Infrastructure segment remained the company's largest growth driver, with revenue climbing 14.8% to $878.9 million, accounting for nearly four-fifths of total sales.
Within the segment, North America Utility revenue jumped 33.9%, while North America Coatings posted growth of 16.6%, supported by higher volumes and favourable pricing.
#higher
Shares edged 0.76% higher in pre-market trading following the announcement.
Adjusted earnings came in at $6.14 per share, exceeding the **** yst consensus estimate of $5.80. Revenue increased 6.5% year over year to $1.12 billion, ahead of expectations of $1.09 billion.
The Infrastructure segment remained the company's largest growth driver, with revenue climbing 14.8% to $878.9 million, accounting for nearly four-fifths of total sales.
Within the segment, North America Utility revenue jumped 33.9%, while North America Coatings posted growth of 16.6%, supported by higher volumes and favourable pricing.
#higher
8 days ago
