VALMONT INDUSTRIES Reports Earnings Results for Q2 FY2023
August 15, 2023
🌥️Earnings Overview
VALMONT INDUSTRIES ($NYSE:VMI) reported their earnings results for the second quarter of FY2023 on June 30 2023. Total revenue for the quarter was USD 1046.3 million, a drop of 7.9% compared to the same period from the prior year. Net income amounted to USD 89.4 million, an increase of 17.4% year over year.
Stock Price
The stock opened at $275.0, but by the end of trading it had closed at $260.1, a drop of 7.7% from the previous closing price of $281.8. This marks the biggest decline in VALMONT INDUSTRIES’ stock price since the start of the fiscal year. The drop in share price was unexpected and investors are now eagerly awaiting the announcement of the company’s future plans in order to determine where the stock may go in the future. Analysts have been scrutinizing the company’s performance over the past quarter in order to gain insights into its future trajectory.
Overall, the company’s performance in Q2 FY2023 has been underwhelming. Despite its initial stock price surge, VALMONT INDUSTRIES has been struggling to maintain its momentum and the drop in share price reflects a general lack of confidence in its future prospects. It remains to be seen how the company will respond to this setback and investors will be watching closely for future developments. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Valmont Industries. More…
| Total Revenues | Net Income | Net Margin |
| 4.34k | 276.36 | 6.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Valmont Industries. More…
| Operations | Investing | Financing |
| 367.79 | -78.31 | -276.63 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Valmont Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.62k | 1.95k | 76.73 |
Key Ratios Snapshot
Some of the financial key ratios for Valmont Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.6% | 23.8% | 10.4% |
| FCF Margin | ROE | ROA |
| 6.4% | 17.8% | 7.8% |
Analysis
GoodWhale has analyzed the financials of VALMONT INDUSTRIES and found it to be a medium risk investment. Our Risk Rating tool has evaluated the risk based on financial and business aspects. We have detected one risk warning in the income sheet, which can be further explored by registering on our website. When considering a potential investment, it is important to consider the company’s risk level. GoodWhale provides investors with a comprehensive risk assessment so they can make informed decisions. More…
Peers
The company operates in three segments: Engineered Support Structures, Utility Support Structures, and Coatings. Valmont has over 60 facilities in the United States, Canada, Europe, Australia, and Asia. The company was founded in 1946 and is a publicly traded company on the New York Stock Exchange under the ticker symbol “VMI”. Valmont’s competitors include Hitachi Ltd, Variman Global Enterprises Ltd, and APi Group Corp.
– Hitachi Ltd ($TSE:6501)
Hitachi Ltd is a Japanese multinational conglomerate company headquartered in Chiyoda, Tokyo, Japan. The company provides industrial, transportation, and construction equipment, electronics, information technology services, power generation, and nuclear engineering. As of 2022, Hitachi Ltd has a market cap of 6.2T and a Return on Equity of 10.87%.
– Variman Global Enterprises Ltd ($BSE:540570)
Variman Global Enterprises Ltd is a publicly traded company with a market capitalization of 4.21 billion as of 2022. The company has a return on equity of 9.96% and is engaged in the business of providing information technology services. Variman Global Enterprises Ltd is headquartered in India and has a presence in more than 50 countries. The company offers a range of services including application development, enterprise resource planning, business process outsourcing, and infrastructure management.
– APi Group Corp ($NYSE:APG)
The company’s market cap is 3.76B as of 2022. The company’s ROE is 3.53%. The company is engaged in the business of providing information technology services.
Summary
Valmont Industries reported their earnings results for the second quarter of FY2023, with total revenue of USD 1046.3 million and net income of USD 89.4 million. This was a decrease of 7.9% in revenue and an increase of 17.4% in net income compared to the same period from the previous year. The stock price moved down the same day, indicating investors are cautious about the company despite the growth in net income. Valmont Industries is a stock worth watching, with investors needing to carefully weigh the potential rewards against potential risks.
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