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.
Valmont reported $4.76 EPS, beating estimates by 17.82%. Q2 revenues of $1.04 billion fell short of estimates. Valmont has surpassed earnings estimates in the last four quarters. Valmont's strong buy rating suggests outperformance in the near future. Steel - Pipe and Tube industry ranks in the top 6% among industries.