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Valmont Industries VMI Q1 2024 earnings

Reported May 1, 2024 · After market close

Revenue$977.8MMiss by $9.2M
EPS$4.32Beat by $1.01
Revenue estimate$987.0M
EPS estimate$3.31

Next report

Oct 20, 2026 (in a month)
Revenue estimate$1.1B
EPS estimate$5.72

Financials

Q1 2024

Income statement

See full
Revenue$977.8M-8.0%
Gross profit$306.2M-0.8%
Operating income$131.6M+11.0%
Net income$87.8M+21.4%
EPS (diluted)$4.32+24.5%

Balance sheet

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Cash & equivalents$169.2M-2.2%
Total debt$1.3B+10.3%
Total equity$1.4B-8.5%
Total assets$3.5B-3.9%

Cash flow

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Operating cash flow$23.3M+10.1%
CapEx$15.0M-32.9%
Free cash flow$8.3M+816%

Valuation & ratios

Valuation

as of 03/30/24
See full
Market cap$4.61B-32.1%
Enterprise value$5.71B-26.5%
P/E27.7×+2.0×
P/S1.1×-0.4×

Profitability

See full
Gross margin30.2%+3.4pp
Operating margin7.4%-2.9pp
Net margin4.1%-1.9pp
FCF margin5.4%-0.4pp

Returns & leverage

See full
Return on equity11.3%-6.2pp
Debt / equity0.9×+0.2×
Current ratio2.6×+0.3×

Segments

By segment

See full
Infrastructure$723.6M-1.7%
Agriculture$258.7M-22.1%

FAQ

When did Valmont Industries report Q1 2024 earnings?
Valmont Industries (VMI) reported Q1 2024 earnings on May 1, 2024 after market close.
What were Valmont Industries's Q1 2024 revenue and EPS?
Valmont Industries reported revenue of $977.8M and eps of $4.32 for Q1 2024.
Did Valmont Industries beat estimates in Q1 2024?
Revenue missed the consensus estimate of $987.0M by $9.2M. EPS beat the consensus estimate of $3.31 by $1.01.
Where can I find Valmont Industries's Q1 2024 SEC filings?
You can read the 8-K earnings release (0000102729-24-000017) and the 10-Q periodic report (0000102729-24-000025) directly on SEC EDGAR. The filing index links above go to sec.gov.