Valmont's (VMI) Q4 Earnings Beat Estimates, Revenues Miss

Valmont Industries, Inc. (VMI) reported fourth-quarter 2023 adjusted earnings per share of $3.18, down from$3.57 in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of $3.08.The company expanded gross profit margins in the reported quarter, thanks to its pricing strategies and operational efficiencies, notwithstanding lower volumes.The company’s revenues were$1,015.5 million in the quarter, down 10.3% year over year.. The top line missed the Zacks Consensus Estimate of $1,037.6 mill ...