NYSE$VMI
Valmont Industries Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Valmont's Q4 2023 results reflected expectations with expanded gross profit margins and strategic pricing, despite lower sales volumes.
Valmont Industries reported Q4 2023 results in line with expectations, with net sales decreasing by 10.3% to $1.0 billion. The company expanded gross profit margins through successful pricing strategies and improved operational efficiencies. Strong operating cash flows were generated, and cash and cash equivalents at the end of the quarter were $203.0 million.
- Net sales decreased 10.3% to $1.0 billion.
- Operating income decreased 42.1% to $63.5 million.
- Diluted earnings per share were $1.38 ($3.18 adjusted).
- Generated operating cash flows of $115.9 million; cash and cash equivalents were $203.0 million.
Headline financials
Revenue & EPS history
Valmont · Revenue · Quarterly
$1.02B
Forward guidance
Valmont provided its 2024 full-year net sales and diluted earnings per share outlook, expecting net sales change of -3.0% to flat, Infrastructure sales growth approaching mid-single digits, Agriculture sales decreasing 15-20%, and diluted earnings per share of $14.25 to $15.50.
Tailwinds
- Sustaining higher gross profit margins through operational efficiencies and pricing strategies.
- Reducing SG&A expense through a realignment program.
- Infrastructure demand remains strong with strategic capacity investments.
- Operational efficiencies from realigned organization.
- Market leadership and focus on cash flow generation.
Headwinds
- Softer demand in agriculture and telecommunications markets.
- Challenging global market conditions due to lower grain prices and farm income projections in Agriculture.
- Effective tax rate of approximately 26%.
- Minimal expected foreign currency translation impact to net sales.
- Capital expenditures expected to be in the range of $125 to $140 million.
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 Q4 2023
+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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