OMAHA, Neb. (AP) — OMAHA, Neb. (AP) — Valmont Industries Inc. (VMI) on Tuesday reported first-quarter profit of $108 million.
On a per-share basis, the Omaha, Nebraska-based company said it had profit of $5.51.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.72 per share.
The infrastructure equipment maker posted revenue of $1.03 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $996.8 million.
Valmont expects full-year earnings to be $21.50 to $23.50 per share, with revenue in the range of $4.2 billion to $4.4 billion.
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