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VMI's Q2 profit increased to $99.7 million from $89.4 million last year. Adjusted EPS of $4.76 surpassed Zacks estimate of $4.04. Revenue of $1,039.7 million decreased 0.6% year-over-year, missing estimates. Irrigation equipment sales rose due to severe weather in North America. 2024 EPS guidance raised to $16.50-$17.30 despite expected sales decline.
- VMI's Q2 profit increased to $99.7 million from $89.4 million last year.
- Adjusted EPS of $4.76 surpassed Zacks estimate of $4.04.
- Revenue of $1,039.7 million decreased 0.6% year-over-year, missing estimates.
- Irrigation equipment sales rose due to severe weather in North America.
- 2024 EPS guidance raised to $16.50-$17.30 despite expected sales decline.
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