Valmont Industries, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 30, 2023
February 21, 2024 at 04:16 pm EST
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Valmont Industries, Inc. reported earnings results for the fourth quarter and full year ended December 30, 2023. For the fourth quarter, the company reported sales was USD 1,015.53 million compared to USD 1,131.52 million a year ago. Net income was USD 35.96 million compared to USD 40.33 million a year ago. Basic earnings per share from continuing operations was USD 1.39 compared to USD 1.89 a year ago. Diluted earnings per share from continuing operations was USD 1.38 compared to USD 1.86 a year ago.
For the full year, sales was USD 4,174.6 million compared to USD 4,345.25 million a year ago. Net income was USD 150.85 million compared to USD 250.86 million a year ago. Basic earnings per share from continuing operations was USD 6.85 compared to USD 11.77 a year ago. Diluted earnings per share from continuing operations was USD 6.78 compared to USD 11.62 a year ago.
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. 
