Valmont Industries (NYSE: VMI ) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 29 (Q2), Valmont Industries met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share expanded significantly. GAAP earnings per share grew significantly.
Margins grew across the board.
Valmont Industries booked revenue of $878.7 million. The nine analysts polled by S&P Capital IQ expected to see a top line of $884.6 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $767.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $3.17. The nine earnings estimates compiled by S&P Capital IQ predicted $2.92 per share. Non-GAAP EPS of $3.17 for Q2 were 42% higher than the prior-year quarter's $2.24 per share. GAAP EPS of $3.33 for Q2 were 49% higher than the prior-year quarter's $2.24 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 29.8%, 380 basis points better than the prior-year quarter. Operating margin was 16.4%, 390 basis points better than the prior-year quarter. Net margin was 10.2%, 240 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $803.3 million. On the bottom line, the average EPS estimate is $2.46.
Next year's average estimate for revenue is $3.37 billion. The average EPS estimate is $11.10.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 292 members out of 302 rating the stock outperform, and 10 members rating it underperform. Among 85 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give Valmont Industries a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Valmont Industries is outperform, with an average price target of $170.50.
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