Valmont Hosts Investor Day Today, March 6, 2018 in New York City
Mar 6, 2018
OMAHA, Neb., March 6, 2018 /PRNewswire/ -- Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure and irrigation equipment and services for agriculture, is hosting an investor day today, March 6, 2018 in New York City.
President and Chief Executive Officer Stephen G. Kaniewski and senior management will present a business outlook and outline their strategies for growth, including geographic expansion, market adjacencies, and new products and services. Additionally, Mark C. Jaksich, Executive Vice President and Chief Financial Officer, will provide a financial outlook and capital allocation framework.
"We are pleased to host Valmont's investor day and provide a deeper understanding of how our management team is reshaping the organization to align with growth opportunities, and expanding our addressable market to leverage our global platform. It's an exciting time for Valmont, and we are well-positioned to achieve our financial targets," said Mr. Kaniewski.
The Company is reaffirming its full-year 2018 guidance of diluted EPS of approximately $7.70 and adjusted diluted EPS of approximately $8.00.
In addition, the Company is reaffirming its long-term financial goals, and introducing a new goal for operating margin for the same period.
- Revenue growth of 5% to 10%
- EPS growth of > 10%
- Return on Invested Capital of > 10%
- Free Cash Flow Conversion of > 1.0x Net Earnings
- Operating Margin of > 12%
The presentation, which includes question and answer sessions, will begin promptly at 8:30 a.m. (ET) and is expected to conclude at approximately 12:15 p.m. A link to the webcast and presentation materials can be found on the Valmont's home page www.valmont.com.
Valmont is a global leader, designing and manufacturing highly engineered products that support global infrastructure development and agricultural productivity. Its products for infrastructure serve highway, transportation, wireless communication, electric transmission, and industrial construction and energy markets. Its irrigation equipment for large scale agriculture improves farm productivity while conserving fresh water resources. In addition, Valmont provides coatings services that protect against corrosion and improve the service lives of steel and other metal products.
This release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that management has made in light of experience in the industries in which Valmont operates, as well as management's perceptions of historical trends, current conditions, expected future developments and other factors believed to be appropriate under the circumstances. As you read and consider this release, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (some of which are beyond Valmont's control) and assumptions. Although management believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect Valmont's actual financial results and cause them to differ materially from those anticipated in the forward-looking statements. These factors include among other things, risk factors described from time to time in Valmont's reports to the Securities and Exchange Commission, as well as future economic and market circumstances, industry conditions, company performance and financial results, operating efficiencies, availability and price of raw material, availability and market acceptance of new products, product pricing, domestic and international competitive environments, and actions and policy changes of domestic and foreign governments. The Company cautions that any forward-looking statement included in this press release is made as of the date of this press release and the Company does not undertake to update any forward-looking statement.
SOURCE Valmont Industries, Inc.
For further information: Renee Campbell, 402-963-1057; Jeff Laudin, 402-963-1158