Key Developments: Valmont Industries Inc (VMI)
152.48USD
24 May 2013
$0.90 (+0.59%)
$151.58
$150.17
$152.99
$149.39
156,944
181,670
$164.93
$106.52
Latest Key Developments (Source: Significant Developments)
Valmont Industries Inc Raises Dividend By 11.1%
Valmont Industries Inc announced that the Board of Directors has increased the Company's quarterly cash dividend effective this July. The second quarter cash dividend will be 25.0 cents per share payable on July 15, 2013 to shareholders of record on June 28, 2013. The dividend is an increase of 11.1% from the prior quarter's dividend, and indicates an annual rate of $1.00 per share. Full Article
Valmont Industries Inc Announces Revised Record Date for Quarterly Dividend
Valmont Industries Inc announced that the record date for the Company's dividend of $0.225 per share for the quarter ending March 30, 2013, has been revised to April 1, 2013 from March 29, 2013, as the 29th is a market holiday. Full Article
Valmont Industries Inc Declares Quarterly Dividend
Valmont Industries, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.225 per share payable on April 15, 2013 to shareholders of record on March 29, 2013. The dividend indicates an annual rate of $0.90 per share. Full Article
Valmont Industries Inc Announces CFO Change-Form 8-K
Valmont Industries Inc reported in its Form 8-K that as previously reported that Richard P. Heyse, Executive Vice President of Valmont Industries, Inc., would succeed Terry J. McClain as Valmont’s Chief Financial Officer (CFO) in late February 2013. Mr. Heyse succeeded Mr. McClain as CFO effective February 27, 2013. Full Article
Valmont Industries Inc Announces Sale of 49% Stake in Manganese Metal Company
Valmont Industries Inc announced the sale of Bilston Investments Proprietary Ltd, a South African holding company acquired as part of the Delta plc acquisition. All the outstanding shares of Bilston were sold to three South African purchasers for a total purchase price of $30 million. Bilston served as a South African holding company for Delta plc and held 49% of the outstanding shares of Manganese Metal Company, a non-consolidated subsidiary. Full Article
Valmont Industries Inc Issues FY 2013 Guidance Above Analysts' Estimates
Valmont Industries Inc announced that for fiscal 2013 it expects low teens revenue growth and high teens earnings growth. The Company reported revenues of $3.029 billion and EPS of $8.75 in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $3.25 billion and EPS of $9.56 for fiscal 2013. Full Article
Valmont Industries Inc Appoints New CFO-Form 8-K
Valmont Industries Inc reported in its Form 8-K that on January 8, 2013, Valmont Industries, Inc. announced that Richard P. Heyse, has joined Valmont as Executive Vice President. In late February, Mr. Heyse will succeed Terry J. McClain, Valmont’s Chief Financial Officer (CFO). Full Article
Valmont Industries Inc Announces Acquisition Of Canadian Galvanizing Operations
Valmont Industries Inc announced that it has acquired the assets of Pure Metal Galvanizing of Ontario, Canada . Pure Metal is a market in Canada with approximate annual sales of CAD34.0 million . Pure Metal operates five kettles out of three locations in Ontario, Canada. Full Article
Valmont Industries Inc Declares Quarterly Dividend
Valmont Industries Inc announced that its Board of Directors has declared a quarterly dividend of $0.225 per share payable on January 15, 2013, to shareholders of record on December 28, 2012. Full Article
Valmont Industries Inc Acquires Manufacturing Assets of Katana Summit, LLC
Valmont Industries Inc announced that it has acquired manufacturing assets of Katana Summit, LLC. The 300,000 sq ft facility resides on 75 acres of land in Columbus, NE. Valmont intends to repurpose the facility for manufacture of steel transmission structures for the utility industry. The specific terms of the acquisition were not disclosed. Full Article
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