Valmont Industries (NYSE, the Nebraska-based manufacturer of infrastructure equipment, reported its first-quarter financial results on Tuesday, posting a profit that surpassed Wall Street expectations but revenue that fell short of forecasts.
The company said it had net income of $87.3 million for the three months ended March 31, translating to $4.32 per share.
These per-share results beat the average estimate of $4.24 from five analysts surveyed by Zacks Investment Research.
However, revenue for the period came in at $969.3 million, below the $975.6 million anticipated by four analysts surveyed by Zacks.
Looking ahead, Valmont maintained its full-year guidance.
The company expects earnings to be in the range of $17.20 to $18.80 per share on revenue between $4 billion and $4.2 billion.