Brief: Valmont Reports Q2 2021 Results And Increases 2021 Full-Year Guidance

Valmont Industries

21/07/2021 21:17

July 21 (Reuters) - Valmont Industries Inc  VMI.N :
    * VALMONT REPORTS SECOND QUARTER 2021 RESULTS AND INCREASES
2021
FULL-YEAR GUIDANCE
    * Q2 ADJUSTED EARNINGS PER SHARE $3.06
    * Q2 EARNINGS PER SHARE ESTIMATE $2.50 -- REFINITIV IBES
DATA
    * SEES FY ADJUSTED EARNINGS PER SHARE $10.40 TO $11.10
    * SEES FY GAAP EARNINGS PER SHARE $9.90 TO $10.60
    * Q2 EARNINGS PER SHARE $2.89
    * Q2 REVENUE $90.9 MILLION
    * Q2 REVENUE ESTIMATE $814.9 MILLION -- REFINITIV IBES DATA
    * NOW EXPECTS FULL-YEAR NET SALES TO INCREASE 16% TO 19%,
AND
IRRIGATION SEGMENT SALES TO INCREASE 45% TO 50%
    * VALMONT INDUSTRIES - EXPECT MEANINGFUL SEQUENTIAL MARGIN
IMPROVEMENT IN SECOND HALF OF 2021 AS PRICING BECOMES MORE
ALIGNED WITH STEEL COST INFLATION

Source text for Eikon:  ID:nBw7hkr0Za 
Further company coverage:  VMI.N 

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