Valmont (VMI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Water is the lifeblood of our planet, and it is increasingly under pressure. Growing populations, expanding industrial activities, and the looming effects of climate change are converging to create a global water scarcity crisis.
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Valmont (VMI) reported earnings 30 days ago. What's next for the stock?
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Valmont (VMI) possesses solid growth attributes, which could help it handily outperform the market.
Valmont Industries' revenue growth is expected to turn positive next year, driven by strong demand in the Infrastructure segment and easing comparisons in Agriculture. The company's strong margin performance is anticipated to continue, benefiting from operating leverage, pricing discipline, and an improved mix. Despite a recent stock price increase, Valmont is trading below historical levels, presenting a good buying opportunity as revenue growth and margin improvements are expected.
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Does Valmont Industries (VMI) have what it takes to be a top stock pick for momentum investors? Let's find out.
Valmont Industries, Inc. (NYSE:VMI ) Q3 2024 Earnings Call Transcript October 23, 2024 9:00 AM ET Company Participants Renee Campbell - SVP, IR and Treasurer Avner Applbaum - President and CEO Tom Liguori - EVP and CFO Conference Call Participants Chris Moore - CJS Securities Nathan Jones - Stifel Brent Thielman - D.A. Davidson Brian Drab - William Blair Jon Braatz - Oppenheimer & Company Tom Hayes - CL King & Associates Operator Greetings, and welcome to the Valmont Industries, Incorporated, Third Quarter 2024 Earnings Conference Call.
The increase in VMI's utility and telecommunications sales offset the decrease in Lighting, Transportation and solar sales in Q3.