Valmont Industries Q1 Profit Declines - Quick Facts

(RTTNews) - Valmont Industries, Inc. (VMI) reported that its first-quarter net earnings attributable to company decreased to $55.98 million or $2.08 per share, from $77.57 million or $2.89 per share, previous year. Adjusted net earnings attributable to Valmont was $59.37 million or $2.20 per share, for the quarter. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $2.15 for the quarter. Analysts' estimates typically exclude special items.

Net sales decreased to $751.74 million from $819.63 million. Analysts expected revenue of $793.75 million for the quarter. Valmont currently expects a slight increase in 2014 sales for the company. The company's current earnings outlook is for earnings for the year in a range of $10.00 to $10.50 per share. Analysts expect the company to report 2014 earnings per share of $10.30.