Valmont Industries (NYS: VMI) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Valmont Industries beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly, and GAAP earnings per share increased significantly.
Margins grew across the board.
Valmont Industries reported revenue of $717.4 million. The nine analysts polled by S&P Capital IQ predicted a top line of $669.6 million on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $567.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.96. The nine earnings estimates compiled by S&P Capital IQ predicted $1.53 per share. GAAP EPS of $1.96 for Q1 were 102% higher than the prior-year quarter's $0.97 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 26%, 200 basis points better than the prior-year quarter. Operating margin was 11.5%, 350 basis points better than the prior-year quarter. Net margin was 7.3%, 280 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $748.4 million. On the bottom line, the average EPS estimate is $1.99.
Next year's average estimate for revenue is $2.94 billion. The average EPS estimate is $7.53.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 265 members rating the stock outperform and 11 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give Valmont Industries a green thumbs-up, and three 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 $128.29.
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At the time thisarticle was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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