Valmont Industries Q2 Profit Rises - Quick Facts

(RTTNews) - Valmont Industries, Inc. (VMI) Wednesday reported second-quarter profit of $91.32 million, up from $61.16 million in the same period last year.

Net earnings attributable to the company increased to $89.56 million or $3.33 per share from $59.98 million or $2.24 per share last year.

On average, nine analysts polled by Thomson Reuters expected the company to earn $2.92 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues totaled $878.66 million, up from $767.32 million last year. Analysts expected revenues of $884.58 million.

For the fiscal 2013, the company currently expects earnings to exceed $11.00 per share. Analysts expect full-year earnings of $10.72 per share.

"Our current second half outlook is for positive consolidated sales and earnings comparisons, although at less favorable comparisons than experienced in the first half, " said Mogens Bay, Valmont's Chairman and CEO.