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Stock Market & Financial Investment News

News Breaks
June 25, 2014
07:13 EDTVMIValmont downgraded to Neutral from Outperform at Wedbush
Wedbush downgraded Valomont citing lowered FY14 guidance.
News For VMI From The Last 14 Days
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April 22, 2015
17:37 EDTVMIValmont announces $60M restructuring plan, sees $30M in pre-tax charges
"Given that market conditions in a number of our businesses are not expected to improve over the near-term, our board has authorized a broad restructuring plan of up to $60M. The initial restructuring actions will involve the consolidation of operations and other cost reduction activities, resulting in pre-tax charges of approximately $30M. The charges will include $19M of cash expenses and $11M of non-cash charges. These actions will take place over the remainder of 2015. Most of the restructuring activities will take place in our Infrastructure businesses where an improvement in the Australian industrial and mining economies is not expected near term and public spending for infrastructure in Europe and North America continues to be constrained. The cash expenses are expected to be recovered through lower operating costs within 12-18 months. Of the above costs, approximately $800,000 of pre-tax cash expenses were incurred during the first quarter related to the restructuring. We are also evaluating other actions that could result in as much as $30M of additional charges, most of which would be non-cash impairment charges," said the company.
17:35 EDTVMIValmont reports Q1 EPS $1.28, consensus $1.49
Reports Q1 revenue $670.40M, consensus $715.36M. Reports foreign currency translation adversely impacted sales and operating income by $31Mand $2.3M, respectively.
15:30 EDTVMINotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include eBay (EBAY), consensus 70c... Facebook (FB), consensus 40c... Texas Instruments (TXN), consensus 62c... Las Vegas Sands (LVS), consensus 72c... Qualcomm (QCOM), consensus $1.33... AT&T (T), consensus 62c... F5 Networks (FFIV), consensus $1.50... Plexus (PLXS), consensus 69c... Skechers (SKX), consensus $1.01... Select Comfort (SCSS), consensus 41c... Tractor Supply (TSCO), consensus 41c... Covanta (CVA), consensus (8c)... Crown Castle (CCI), consensus $1.09... Torchmark (TMK), consensus $1.05... Ameriprise (AMP), consensus $2.33... Polycom (PLCM), consensus 21c... Citrix (CTXS), consensus 65c... Core Laboratories (CLB), consensus 85c... Graco (GGG), consensus 78c... Cheesecake Factory (CAKE), consensus 48c... Equifax (EFX), consensus $1.02... SLM (SLM), consensus 7c... Xilinx (XLNX), consensus 50c... O'Reilly Automotive (ORLY), consensus $1.94... Susquehanna (SUSQ), consensus 18c... Raymond James (RJF), consensus 83c... SL Green Realty (SLG), consensus $1.49... CoreLogic (CLGX), consensus 31c... Oceaneering (OII), consensus 62c... Valmont (VMI), consensus $1.49... Brandywine Realty (BDN), consensus 32c... Weatherford (WFT), consensus 1c.

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