valmont industries (VMI) Key Developments
Valmont Industries, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 28, 2015; Depreciation and Amortization and Capital Spending Guidance for the Full Year of 2015
Apr 22 15
Valmont Industries, Inc. reported unaudited consolidated earnings results for the first quarter ended March 28, 2015. For the quarter, the company reported net sales of $670,398,000 against $751,740,000 a year ago. Operating income was $57,683,000 against $98,848,000 a year ago. Earnings before income taxes were $48,445,000 against $86,578,000 a year ago. Net earnings attributable to company were $30,739,000 against $55,980,000 a year ago. Diluted earnings per share were $1.28 against $2.08 a year ago. Adjusted net earnings attributable to company were $30,649,000 or $1.28 per diluted share against $59,366,000 or $2.20 per diluted share a year ago. The company generated cash flow from operations of around $56 million during the quarter, up significantly from last year. Capital expenditures were $17 million.
For the full year, the company expects depreciation and amortization of about $95 million and a capital spending of approximately $70 million.
Valmont Industries, Inc. to Report Q1, 2015 Results on Apr 22, 2015
Apr 22 15
Valmont Industries, Inc. announced that they will report Q1, 2015 results on Apr 22, 2015
Valmont Industries, Inc., Annual General Meeting, Apr 28, 2015
Mar 19 15
Valmont Industries, Inc., Annual General Meeting, Apr 28, 2015., at 14:00 Central Daylight. Location: the Nebraska Conference Room of the Omaha Marriott , 10220 Regency Circle. Agenda: To consider the election of two directors of the company to three year terms; to consider the advisory approval of the company's executive compensation; to consider the ratifying the appointment of Deloitte & Touche LLP as independent auditors for fiscal 2015; and to transact such other business as may properly come before the meeting.
Valmont Industries, Inc. Declares Quarterly Dividend, Payable on April 15, 2015
Mar 10 15
The Board of Directors of Valmont Industries, Inc. has declared a quarterly dividend of 37.5 cents per share payable on April 15, 2015 to shareholders of record on March 27, 2015. The dividend indicates an annual rate of $1.50 per share.
Valmont Industries Seeks Acquisitions
Feb 24 15
Valmont Industries, Inc. (NYSE:VMI) is looking for acquisition opportunities. Valmont Industries announces an equity buyback for $250 million and shares repurchased will be available for general corporate purposes, including acquisitions.