8-K
filed February 23, 2023, 6:59 PM ET
ticker VMI
CIK 0000102729
earnings
confidence high
sentiment positive
materiality 0.80
Valmont Q4 adj EPS $3.57 beats; FY22 record sales $4.35B; FY23 guidance $15.35-$15.90
VALMONT INDUSTRIES INC
2022-FY EPS reported
$11.62
revenue$4,345,250,000
- Q4 net sales $1.13B (+17.5% YoY); GAAP EPS $1.86, adjusted EPS $3.57 (+30.8%).
- Full year 2022 net sales $4.35B (+24.1%); adjusted EPS $13.82 (+26.6%).
- Infrastructure segment sales $771.3M (+15%); Agriculture $335.1M (+21.1%).
- FY23 guidance: net sales growth 4-7%, GAAP EPS $14.70-$15.25, adjusted EPS $15.35-$15.90.
- Divested offshore wind business in Dec 2022; pre-tax loss $33.3M; backlog $1.7B.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
VALMONT INDUSTRIES INC reported Full Year 2022 results: revenue $ 4,345,250, net income $ 250,863, EPS $ 11.62.
- Period
- Full Year 2022
- Revenue
- $ 4,345,250
- Net income
- $ 250,863
- EPS
- $ 11.62
- Result
- reported results
Exact text from the filing
(000's except per share amounts) 12/31/2022 12/25/2021 12/31/2022 12/25/2021 FY 2022 FY 2021 vs. FY 2021 FY 2022 FY 2021 vs. FY 2021 Net Sales $ 4,345,250 $ 3,501,575 24.1 % $ 4,345,250 $ 3,501,575 24.1 % Operating Income 433,249 286,785 51.1 % 449,725 334,049 34.6 % Operating Income as a % of Net Sales
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
VALMONT INDUSTRIES INC reported Fourth Quarter 2022 results: revenue $ 1,131,516, net income $ 40,332, EPS $ 1.86.
- Period
- Fourth Quarter 2022
- Revenue
- $ 1,131,516
- Net income
- $ 40,332
- EPS
- $ 1.86
- Result
- reported results
Exact text from the filing
(000's except per share amounts) 12/31/2022 12/25/2021 12/31/2022 12/25/2021 Q4 2022 Q4 2021 vs. Q4 2021 Q4 2022 Q4 2021 vs. Q4 2021 Net Sales $ 1,131,516 $ 963,278 17.5 % $ 1,131,516 $ 963,278 17.5 % Operating Income 109,716 50,754 116.2 % 113,734 85,555 32.9 % Operating Income as a % of Net Sales
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
VALMONT INDUSTRIES INC updated its Full Year 2023 guidance (initiated).
- Period
- Full Year 2023
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Valmont Reports Fourth Quarter and Full Year 2022 Results Achieves Record Results and Provides Positive 2023 Full Year Net Sales and EPS Guidance
View on SEC.gov
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