05:07 PM EDT, 10/22/2024 (MT Newswires) -- Valmont Industries ( VMI ) reported fiscal Q3 adjusted earnings late Tuesday of $4.11 per diluted share, down from $4.12 a year earlier.

Analysts polled by Capital IQ expected $4.

Net sales in the quarter ended Sept. 28 fell to $1.02 billion from $1.05 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.02 billion.

Reaffirming its outlook, the company expects fiscal 2024 earnings of $16.50 to $17.30 per diluted share. Analysts surveyed by Capital IQ expect $16.91.

The company continues to expect net revenue for the full year to decline 1.5% to 3.5% from a year earlier. Analysts polled by Capital IQ expect $4.05 billion.

Price: 293.00, Change: -1.94, Percent Change: -0.66