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Valmont Industries Inc.

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Valmont reported a year-over-year increase in net earnings and revenues for second-quarter 2017. Earnings and sales also beat the respective Zacks Consensus Estimate. The company reaffirmed its annual guidance for earnings. Valmont is pursuing an aggressive acquisition strategy and capacity expansion plan to boost growth. The company is also looking to improve its overall cost structure through restructuring actions. Valmont has also outperformed the industry it belongs to over the last six months. However, Valmont is exposed to continued challenges in its irrigation business and faces raw material price pressure. Weak infrastructure spending is also affecting its Engineered Support Structures unit.


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