Valmont Industries, Inc. Reaffirms Earnings Guidance for the Year 2023
May 23, 2023 at 04:45 pm IST
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Valmont Industries, Inc. reaffirmed earnings guidance for the year 2023. For the year, the company expects net sales growth to be in the range of 4% to 7% and GAAP diluted EPS to be in the range of $14.80 to $15.35.
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.