Back to top

Image: Bigstock

Valmont Industries Inc.

Read MoreHide Full Article

Valmont swung to a loss on a reported basis in the fourth quarter of 2015, hurt by charges related to restructuring and sustained weakness across its businesses. Both sales and adjusted earnings missed Zacks Consensus Estimates. The company expects challenging operating conditions to persist in the near future. Valmont faces continued challenges in its irrigation business due to weak commodity pricing and large crop inventories. Moreover, its utility business remains affected by a difficult pricing environment and unfavorable project mix. Valmont is also exposed to volatility in raw material costs. However, Valmont is expected to benefit from its restructuring actions. The company is also pursuing an aggressive acquisition strategy to boost growth.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Valmont Industries, Inc. (VMI) - free report >>

Published in