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Valmont Industries, Inc. First Quarter 2018 Earnings Presentation
Valmont Industries, Inc.
Earnings PresentationForward -looking Statement Disclosure
These slides contain (and the accompanying oral discussion will contain) “forward -looking
statements” within themeaning ofthePrivate Securities Litigation Reform Actof1995 .Such
statements involve known andunknown risks, uncertainties andother factors thatcould cause the
actual results oftheCompany todiffer materially from theresults expressed orimplied bysuch
statements, including general economic andbusiness conditions, conditions affecting theindustries
served bytheCompany and itssubsidiaries, conditions affecting theCompany’s customers and
suppliers, competitor responses totheCompany’s products and services, theoverall market
acceptance ofsuch products and services, theintegration ofacquisitions and other factors
disclosed intheCompany’s periodic reports filed with theSecurities andExchange Commission .
Consequently such forward -looking statements should beregarded astheCompany’s current
plans, estimates and beliefs .The Company does notundertake and specifically declines any
obligation topublicly release theresults ofanyrevisions tothese forward -looking statements that
may bemade toreflect anyfuture events orcircumstances after thedate ofsuch statements orto
reflect theoccurrence ofanticipated orunanticipated events .
2 April 19, 2018 | Valmont Industries, Inc. | Q1 2018 Earnings Presentation2018 First Quarter Highlights
•Revenues increased 9.6% to $698.7 million
•GAAP operating income decreased 1.1% to $64.0 million. Adjusted operating income
increased 5.7% to $68.4 million1
•Deployed capital for share repurchases, two acquisitions in the Irrigation segment, and
investments in existing factories in the U.S., Poland, and the United Arab Emirates
•The sale of Donhad Pty. Ltd, the mining consumables business in Australia, was approved
by Australian regulatory authorities, with expected closing by April 30
•Incurred pre-tax restructuring expense of $4.4 million during the quarter, predominately
cash, equivalent to $0.15 per share, after -tax
•Increasing 2018 annual guidance for GAAP diluted EPS to a range of approximately
$7.70 -$7.80, and adjusted diluted EPS to a range of approximately $8.00 -$8.10, to reflect
capital deployment activities during the quarter, and approximately $ 10.0 million of
restructuring charges
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