NYSE$VMI
Valmont Industries Inc. · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Valmont experienced revenue growth and earnings improvement through operational excellence and strategic pricing.
Valmont Industries reported a 6.3% increase in net sales to $734.0 million, driven by strong Utility Support Structures segment sales and improved international market demand. Diluted earnings per share improved to $1.84, and the company generated strong operating cash flow of $122.3 million.
- Net Sales increased 6.3% to $734.0 million.
- Diluted Earnings per Share improved to $1.84.
- Operating cash flow was strong at $122.3 million.
- A $240.0 million multi-year order was announced for irrigation products and services in Egypt.
Headline financials
Revenue & EPS history
Valmont · Revenue · Quarterly
$734M
Forward guidance
The company provided financial outlook and key assumptions for fourth quarter 2020, including net sales between $715.0 to $735.0 million and adjusted operating profit margin between 8.0% to 9.0%. Irrigation segment sales are expected to increase by ~12%-15% compared to the prior year.
Tailwinds
- Irrigation sales estimate driven by expected timing of international project deliveries
- Positive operating cash flows
- Stable raw material costs and no significant supply chain interruptions
- No closures of large manufacturing facilities or workforce disruptions
- Demand to remain strong in wireless communications markets as 5G build-outs continue to ramp
Headwinds
- Pandemic's impacts on global economic factors and pace of economic recovery remain uncertain
- Tax rate of ~ 25.0%
- Coatings business is trending in line with industrial production levels and will improve over time as the general economy improves
- While the pandemic's impacts on global economic factors and pace of economic recovery remain uncertain
- No closures of large manufacturing facilities or workforce disruptions
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+1.2%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+2.1%
Avg return
30 days after
53%
36 / 68 earnings
Positive
+19.4%
Q1 2024
Best reaction
-13.5%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +11.9% | +21.7% | +23.4% | |
| Q4 2025 | -6.6% | -0.9% | -16.6% | |
| Q3 2025 | +1.6% | +2.2% | -7.3% | |
| Q2 2025 | +3.1% | +1.6% | +5.1% | |
| Q1 2025 | +3.2% | +8.7% | +16.0% | |
| Q4 2024 | +17.5% | +8.8% | +1.8% | |
| Q3 2024 | +7.8% | +5.0% | +12.2% | |
| Q2 2024 | +8.3% | +8.0% | +4.5% | |
| Q1 2024 | +19.4% | +21.0% | +22.8% | |
| Q4 2023 | -3.0% | -4.9% | -2.4% | |
| Q3 2023 | -13.5% | -16.1% | -7.9% | |
| Q2 2023 | -8.0% | -6.4% | -12.7% | |
| Q1 2023 | +3.3% | -0.7% | -3.4% | |
| Q4 2022 | -6.7% | -2.8% | -3.7% | |
| Q3 2022 | +1.9% | +4.1% | +11.0% | |
| Q2 2022 | +7.9% | +8.2% | +22.8% | |
| Q1 2022 | +7.5% | +7.1% | +0.7% | |
| Q4 2021 | -1.2% | -3.4% | +8.3% | |
| Q3 2021 | -5.3% | -4.9% | +4.5% | |
| Q2 2021 | +0.8% | +1.0% | +4.5% | |
| Q1 2021 | +1.1% | +5.7% | +6.1% | |
| Q4 2020 | -1.0% | +1.6% | +5.9% | |
| Q3 2020 | +6.8% | +6.4% | +16.6% | |
| Q2 2020 | +6.1% | +6.7% | +6.2% | |
| Q1 2020 | +11.5% | +12.1% | +1.2% | |
| Q4 2019 | -11.1% | -20.9% | -40.4% | |
| Q3 2019 | -4.4% | -2.1% | +0.8% | |
| Q2 2019 | +8.7% | +8.2% | +6.1% | |
| Q4 2018 | -0.8% | -1.2% | -6.3% | |
| Q3 2018 | -10.8% | -9.8% | -2.7% | |
| Q2 2018 | -0.6% | -1.7% | +0.5% | |
| Q1 2018 | +1.7% | +0.9% | +0.8% | |
| Q4 2017 | -3.4% | -4.5% | -9.2% | |
| Q3 2017 | +1.5% | +0.0% | +2.4% | |
| Q2 2017 | +4.7% | +2.6% | -1.6% | |
| Q1 2017 | +2.3% | -0.6% | -1.6% | |
| Q4 2016 | +8.8% | +10.2% | +5.5% | |
| Q3 2016 | -1.0% | +0.7% | +9.2% | |
| Q2 2016 | -3.5% | -5.2% | -3.1% | |
| Q1 2016 | +11.1% | — | — | |
| Q4 2015 | +1.7% | — | — | |
| Q3 2015 | +11.8% | — | — | |
| Q2 2015 | -3.0% | — | — | |
| Q1 2015 | +4.0% | — | — | |
| Q4 2014 | -2.1% | — | — | |
| Q3 2014 | -1.8% | — | — | |
| Q2 2014 | -1.0% | — | — | |
| Q1 2014 | -5.8% | — | — | |
| Q4 2013 | -3.6% | — | — | |
| Q3 2013 | +1.3% | — | — | |
| Q2 2013 | +1.9% | — | — | |
| Q1 2013 | +2.5% | — | — | |
| Q4 2011 | +3.1% | — | — | |
| Q4 2012 | +5.7% | — | — | |
| Q3 2012 | +2.3% | — | — | |
| Q2 2012 | -5.8% | — | — | |
| Q1 2012 | +0.6% | — | — | |
| Q3 2011 | +3.4% | — | — | |
| Q2 2011 | -1.0% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q1 2011 | -0.3% | — | — | |
| Q4 2008 | -2.9% | — | — | |
| Q4 2010 | -2.9% | — | — | |
| Q3 2009 | -1.3% | — | — | |
| Q3 2010 | -1.3% | — | — | |
| Q2 2010 | -1.6% | — | — | |
| Q2 2009 | -1.6% | — | — | |
| Q4 2009 | -1.6% | — | — |
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