Omaha Infrastructure Equipment Maker Posts $35.2M Profit In 3Q

OMAHA, NE — Valmont Industries Inc. (VMI), which makes infrastructure equipment and is based in Omaha, Nebraska, reported Wednesday third-quarter profits of $35.2 million and a net income of $1.55 per share. Earnings, adjusted for non-recurring costs, came to $1.56 per share.

Valmont didn't meet Wall Street projections for earnings of $1.62 per share, according to the average estimate of five analysts surveyed by Zacks Investment Research.

Valmont posted revenue of $680.8 million in the period though, which was much higher than Wall Street forecasts of $655.1 million.

Valmont expects full-year earnings to be $6.90 to $7.04 per share.

Valmont shares have increased 14 percent since the beginning of the year. The stock has increased 24 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VMI at https://www.zacks.com/ap/VMI

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