Earnings Alerts

Valmont Industries (VMI) Earnings: 3Q Operating Income Surpasses Estimates with $125.7 Million

By October 23, 2024 No Comments
  • Valmont’s operating income for the third quarter totaled $125.7 million, surpassing the estimated $122.7 million.
  • The adjusted operating income reported was also $125.7 million.
  • Earnings per share (EPS) stood at $4.11 for the quarter.
  • The company’s performance received positive market sentiment, with 4 analysts recommending a buy, 1 recommending a hold, and no recommendations to sell.

Valmont Industries on Smartkarma

Analyst coverage of Valmont Industries on Smartkarma highlights positive sentiment from Baptista Research. In their research report titled “Valmont Industries Inc.: Initiation Of Coverage – Infrastructure Expansion & Innovations In Solar & Telecom Makes Us Bullish! – Major Drivers,” Baptista Research points out the company’s second-quarter 2024 earnings, showcasing progress amidst challenges. CEO Avner Applbaum’s focus on robust operational improvements and strategic adjustments has significantly boosted profitability, with operating margins rising to 14.2%.


A look at Valmont Industries Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Valmont Industries, Inc., a company specializing in designing and manufacturing poles, towers, and structures for various markets, including lighting, communication, and utilities, as well as offering protective coating services for infrastructure. Additionally, Valmont produces industrial and agricultural irrigation products, along with a range of fabricated products for commercial and industrial use. Based on the Smartkarma Smart Scores, Valmont Industries has been rated with a Value score of 3, Growth score of 3, and a Momentum score of 4, indicating positive long-term prospects in terms of value, growth potential, and market momentum.

However, Valmont Industries shows lower scores in other areas, such as Dividend with a score of 2 and Resilience with a score of 2. Despite this, the company’s strong performance in value, growth, and momentum suggests a promising outlook for the future. Investors may find Valmont Industries to be an attractive option for long-term investment based on these factors.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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