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OMAHA, Neb. - On Tuesday, Valmont Industries Inc . (NYSE: NYSE:VMI) reported fourth-quarter earnings and revenue that surpassed analyst estimates.
The company's shares edged up 0.94% in pre-market trading following the earnings release.
The infrastructure and agriculture products manufacturer posted adjusted earnings per share of $3.84, beating the consensus forecast of $3.63. Revenue came in at $1.04 billion, topping expectations of $1.01 billion.
"The fourth quarter capped off an outstanding year for Valmont as we continued executing our strategy," said President and CEO Avner M. Applbaum. "Both our Infrastructure and Agriculture segments achieved sales growth, and we expanded consolidated operating profit margins year-over-year through strategic pricing, improved operational efficiencies, and disciplined cost management."
For the full year 2024, Valmont reported revenue of $4.08 billion, down 2.4% from 2023. Diluted EPS rose to $17.19 from $6.78 in the prior year.
Looking ahead, the company provided fiscal 2025 guidance for EPS of $17.20 to $18.80 and revenue of $4.0 billion to $4.2 billion. The midpoint of both ranges is roughly in line with analyst expectations.
Valmont said demand for its Infrastructure products will drive continued sales growth in 2025, while international sales in Agriculture will help offset expected market softness in North America.
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