Valmont Industries, Inc. (VMI - Free Report) announced the acquisition of the operational assets of Larson Camouflage, an industry-leading architectural and camouflage concealment solutions provider for the wireless telecommunication market. The deal was funded with cash. From the acquisition, Valmont expects to generate revenues of between $18 million and $22 million, and anticipates earnings per share accretion of around 7 cents, in fiscal 2019.
U.S.-based Larson Camouflage pioneered the wireless concealment industry by developing and building the first Mono-Pine camouflaged cellular tower. The company’s product quality and innovative engineering capabilities have led to growth and differentiation across all major wireless carriers.
The acquisition is in sync with Valmont’s growth strategy in the wireless communication market. Combination of Larson's creative solutions, and Valmont’s global manufacturing footprint and customer base allow the latter to provide an integrated concealment solution to wireless communication customers globally.
Valmont has outperformed the industry it belongs to in the past three months. Its shares have lost around 20.8% compared with the industry’s fall of 32.6%.
Valmont, in third-quarter earnings report, stated that it expects adjusted earnings per share of $7.50-$7.65 and revenues of $2.75-$2.80 billion for full-year 2018.
The company expects fourth-quarter revenues to be in line with prior-year quarter’s figure. At the Engineered Support Structures segment, sales growth is supported by strong economic demand. Coatings segment revenues are expected to be similar to that in the year-ago quarter. Irrigation segment sales are also expected to be comparable to that in the prior-year quarter.
However, Volumes at the Utility segment are expected to decline, owing to a less favorable product mix in North America and unfavorable comparisons in the offshore wind business.
Valmont Industries, Inc. Price and Consensus
Zacks Rank & Stocks to Consider
Valmont currently carries a Zacks Rank #4 (Sell).
A few better-ranked stocks in the basic materials space are Verso Corporation , Ingevity Corporation (NGVT - Free Report) and Cameco Corporation (CCJ - Free Report) .
Verso has an expected earnings growth rate of 63.5% for 2019 year and a Zacks Rank #1 (Strong Buy). The company’s shares have gained 35.7% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Ingevity has an expected earnings growth rate of 21.5% for 2019 and a Zacks Rank #2 (Buy). The company’s shares have gained 15.4% in the past year.
Cameco has an expected earnings growth rate of 20% for 2019 and a Zacks Rank #2. Its shares have gained 16.4% in a year’s time.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Valmont Industries, Inc. (VMI - Free Report) announced the acquisition of the operational assets of Larson Camouflage, an industry-leading architectural and camouflage concealment solutions provider for the wireless telecommunication market. The deal was funded with cash. From the acquisition, Valmont expects to generate revenues of between $18 million and $22 million, and anticipates earnings per share accretion of around 7 cents, in fiscal 2019.
U.S.-based Larson Camouflage pioneered the wireless concealment industry by developing and building the first Mono-Pine camouflaged cellular tower. The company’s product quality and innovative engineering capabilities have led to growth and differentiation across all major wireless carriers.
The acquisition is in sync with Valmont’s growth strategy in the wireless communication market. Combination of Larson's creative solutions, and Valmont’s global manufacturing footprint and customer base allow the latter to provide an integrated concealment solution to wireless communication customers globally.
Valmont has outperformed the industry it belongs to in the past three months. Its shares have lost around 20.8% compared with the industry’s fall of 32.6%.
Valmont, in third-quarter earnings report, stated that it expects adjusted earnings per share of $7.50-$7.65 and revenues of $2.75-$2.80 billion for full-year 2018.
The company expects fourth-quarter revenues to be in line with prior-year quarter’s figure. At the Engineered Support Structures segment, sales growth is supported by strong economic demand. Coatings segment revenues are expected to be similar to that in the year-ago quarter. Irrigation segment sales are also expected to be comparable to that in the prior-year quarter.
However, Volumes at the Utility segment are expected to decline, owing to a less favorable product mix in North America and unfavorable comparisons in the offshore wind business.
Valmont Industries, Inc. Price and Consensus
Zacks Rank & Stocks to Consider
Valmont currently carries a Zacks Rank #4 (Sell).
A few better-ranked stocks in the basic materials space are Verso Corporation , Ingevity Corporation (NGVT - Free Report) and Cameco Corporation (CCJ - Free Report) .
Verso has an expected earnings growth rate of 63.5% for 2019 year and a Zacks Rank #1 (Strong Buy). The company’s shares have gained 35.7% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Ingevity has an expected earnings growth rate of 21.5% for 2019 and a Zacks Rank #2 (Buy). The company’s shares have gained 15.4% in the past year.
Cameco has an expected earnings growth rate of 20% for 2019 and a Zacks Rank #2. Its shares have gained 16.4% in a year’s time.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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