Valmont Updates FY23 EPS Outlook From $14.80-$15.35 To $14.80-$15.10
Portfolio Pulse from Benzinga Newsdesk
Valmont Industries has updated its FY23 EPS outlook from $14.80-$15.35 to $14.80-$15.10. The company has also revised its net sales growth outlook from 0% to 2% to a decrease of 3% to 4%. The changes are due to Q3 sales and diluted earnings per share results, the expected timing of international agriculture project shipments, and the near-term demand outlook for telecommunications markets. The company expects full-year operating margin improvement compared to 2022 and capital expenditures in the range of $100 to $110 million to support strategic growth initiatives.
October 25, 2023 | 9:18 pm
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Valmont Industries has revised its FY23 EPS outlook and net sales growth, which could potentially impact the company's stock price. The company's focus on strategic growth initiatives and expected improvement in operating margins could be seen as positive by investors.
The revision in Valmont's FY23 EPS outlook and net sales growth could lead to uncertainty among investors, potentially impacting the stock price. However, the company's focus on strategic growth initiatives and expected improvement in operating margins could be seen as positive signals, potentially offsetting any negative impact.
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IMPORTANCE 75
RELEVANCE 100