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Valmont's Q4 Earnings and Revenues Surpass Expectations
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Valmont Industries, Inc. (VMI - Free Report) reported a fourth-quarter 2024 profit of $77.6 million or $3.84 per share. This compares favorably with the profit of $28.6 million or $1.38 per share in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of $3.66.
The company’s revenues were $1,037.3 million in the quarter, up 2.1% year over year. The top line beat the Zacks Consensus Estimate of $1,006.3 million.
Valmont Industries, Inc. Price, Consensus and EPS Surprise
The company's fourth-quarter revenues in the infrastructure segment increased roughly 2.1% over the previous year, totaling $763.6 million. It lagged our estimate of $766.9 million. Utility sales jumped approximately 5.9%, owing to price excellence and favorable product mix. Telecommunications sales rose, owing to a higher level of carrier spending in a stabilizing market of North America.
Agriculture segment revenues totaled $278 million, up 2.3% year over year. It topped our estimate of $236.7 million. International sales rose year over year, with strong growth in Europe, Middle East and Africa region. Brazil also achieved higher sales due to a stabilizing market environment. This was partially offset by the unfavorable impact of foreign currency translation.
VMI’s Financials
The company's operating cash flows totaled $572.7 million for 52 weeks, ended Dec. 28, 2024. At the end of the fourth quarter, cash and cash equivalents were $164.3 million. VMI returned $118.4 million to its shareholders through share repurchases and dividends during full-year 2024. The company fully repaid borrowings on its revolving credit facility by deploying $393 million, achieving a net leverage ratio of 1.
VMI’s 2025 Outlook
Valmont expects net sales to be between $4 billion and $4.2 billion. Earnings per share (as reported) are expected to be in the range of $17.20-$18.80. It anticipates capital expenditures in the $140-$160 million range. The effective tax rate is expected to be around 26%.
VMI Stock’s Price Performance
VMI shares have soared 61.8% in the past year compared with the industry’s growth of 30%.
Image Source: Zacks Investment Research
VMI’s Zacks Rank & Key Picks
VMI currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth a look in the industrial products space include Ashtead Group plc (ASHTY - Free Report) , Applied Industrial Technologies, Inc. (AIT - Free Report) and MRC Global Inc. (MRC - Free Report) .
ASHTY is slated to report third-quarter results on March 4. The Zacks Consensus Estimate for third-quarter earnings is pegged at $3.47 per share. ASHTY carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AIT is expected to release third-quarter results on April 24. The Zacks Consensus Estimate for AIT’s third-quarter earnings is pegged at $2.42 per share. AIT, a Zacks Rank #2 (Buy) stock, has gained around 42.2% in the past year.AIT beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 5.3%
MRC is expected to report fourth-quarter results on March 3. The consensus estimate for MRC’s fourth-quarter earnings is pegged at 8 cents per share. MRC, carrying a Zacks Rank #2, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 60.6%. The stock gained 14.5% in the past year.
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Valmont's Q4 Earnings and Revenues Surpass Expectations
Valmont Industries, Inc. (VMI - Free Report) reported a fourth-quarter 2024 profit of $77.6 million or $3.84 per share. This compares favorably with the profit of $28.6 million or $1.38 per share in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of $3.66.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
The company’s revenues were $1,037.3 million in the quarter, up 2.1% year over year. The top line beat the Zacks Consensus Estimate of $1,006.3 million.
Valmont Industries, Inc. Price, Consensus and EPS Surprise
Valmont Industries, Inc. price-consensus-eps-surprise-chart | Valmont Industries, Inc. Quote
VMI’s Segment Review
The company's fourth-quarter revenues in the infrastructure segment increased roughly 2.1% over the previous year, totaling $763.6 million. It lagged our estimate of $766.9 million. Utility sales jumped approximately 5.9%, owing to price excellence and favorable product mix. Telecommunications sales rose, owing to a higher level of carrier spending in a stabilizing market of North America.
Agriculture segment revenues totaled $278 million, up 2.3% year over year. It topped our estimate of $236.7 million. International sales rose year over year, with strong growth in Europe, Middle East and Africa region. Brazil also achieved higher sales due to a stabilizing market environment. This was partially offset by the unfavorable impact of foreign currency translation.
VMI’s Financials
The company's operating cash flows totaled $572.7 million for 52 weeks, ended Dec. 28, 2024. At the end of the fourth quarter, cash and cash equivalents were $164.3 million. VMI returned $118.4 million to its shareholders through share repurchases and dividends during full-year 2024. The company fully repaid borrowings on its revolving credit facility by deploying $393 million, achieving a net leverage ratio of 1.
VMI’s 2025 Outlook
Valmont expects net sales to be between $4 billion and $4.2 billion. Earnings per share (as reported) are expected to be in the range of $17.20-$18.80. It anticipates capital expenditures in the $140-$160 million range. The effective tax rate is expected to be around 26%.
VMI Stock’s Price Performance
VMI shares have soared 61.8% in the past year compared with the industry’s growth of 30%.
Image Source: Zacks Investment Research
VMI’s Zacks Rank & Key Picks
VMI currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth a look in the industrial products space include Ashtead Group plc (ASHTY - Free Report) , Applied Industrial Technologies, Inc. (AIT - Free Report) and MRC Global Inc. (MRC - Free Report) .
ASHTY is slated to report third-quarter results on March 4. The Zacks Consensus Estimate for third-quarter earnings is pegged at $3.47 per share. ASHTY carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AIT is expected to release third-quarter results on April 24. The Zacks Consensus Estimate for AIT’s third-quarter earnings is pegged at $2.42 per share. AIT, a Zacks Rank #2 (Buy) stock, has gained around 42.2% in the past year.AIT beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 5.3%
MRC is expected to report fourth-quarter results on March 3. The consensus estimate for MRC’s fourth-quarter earnings is pegged at 8 cents per share. MRC, carrying a Zacks Rank #2, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 60.6%. The stock gained 14.5% in the past year.