Valmont Q1 sales +26.6% to $980.8M; record adjusted EPS $3.07; raises FY guidance

VALMONT INDUSTRIES INC

2021-Q1 EPS reported $2.90 revenue$980,820,000

Record Q1 sales $980.8M (+26.6% YoY); adjusted diluted EPS $3.07 vs $2.57.
Operating income $94.8M (9.7% of sales); adjusted OI $99.0M (10.1%).
Backlog reached record $1.8B; dividend increased 10% to $0.55/quarter.
FY2022 adjusted EPS guidance raised to $13.00-$13.50 (prev. $12.25-$13.00).
Segments realigned to Infrastructure and Agriculture; strong demand across both.

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