Valmont Industries Inc (NYSE:VMI)
$ 349.27 1.41 (0.41%) Market Cap: 7.00 Bil Enterprise Value: 7.82 Bil PE Ratio: 23.73 PB Ratio: 4.58 GF Score: 86/100
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Valmont Industries Inc at Stifel Cross Sector Insight Conference (Virtual) Transcript

Jun 10, 2020 / 01:20PM GMT
Release Date Price: $115.01 (-4.58%)
Nathan Hardie Jones
Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst

Good morning, everybody. This is Nathan Jones at Stifel, and we are at the Valmont fireside chat presentation here. Pleased to welcome Steve Kaniewski, CEO; Avner Applbaum, CFO; and former CFO, Mark Jaksich, on the line as well. (Operator Instructions)

Questions & Answers

Nathan Hardie Jones
Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst

Jumping right in here. Valmont was an early reporter with still a week to go in April and in the middle of the total lockdown, which I'm sure made it a lot more difficult to give investors much color on how COVID-19 was going to impact the businesses. With the rest of April and now May in the books, I wanted to ask about the final trends you saw in April and then how May has progressed from there.

Starting with Utility. In your business update, you had expected Utility to see minimal impact from COVID-19. Is that how the quarter has progressed out so far? And are all of your facilities

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