Press release content from Business Wire. The AP news staff was not involved in its creation.
Valmont Reports Fourth Quarter and Full Year 2020 Results
February 17, 2021 GMT
OMAHA, Neb. (BUSINESS WIRE) Feb 17, 2021
Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today reported financial results for the fourth quarter and fiscal year ended December 26, 2020.
Fourth Quarter 2020 Highlights
(all metrics compared to Fourth Quarter 2019 unless otherwise noted)
Net Sales of $798.4 million increased 16.8% led primarily by significantly higher sales in Irrigation and Utility Support Structures
Operating Income of $54.1 million, or 6.8% of sales ($68.8 million or 8.6% of sales adjusted 1 ) compared to $50.8 million or 7.4% of sales last year
Press release content from Business Wire. The AP news staff was not involved in its creation.
Hess CEO Discusses Climate and Energy in CERAWeek Conversations Series
February 17, 2021 GMT
NEW YORK (BUSINESS WIRE) Feb 17, 2021
John Hess, CEO of Hess Corporation (NYSE: HES), shares his perspective on a range of energy issues in the latest edition of the CERAWeek Conversations series. In a discussion with IHS Markit Vice Chairman Daniel Yergin, Hess describes the need for climate and energy literacy in order to tackle the critical challenge of climate change, the vital importance of the oil and gas industry to the U.S. economy, and the company’s strategic focus. The video is available here.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
EnerSys Reports Third Quarter Fiscal 2021 Results
EnerSysFebruary 10, 2021 GMT
READING, Pa., Feb. 10, 2021 (GLOBE NEWSWIRE) EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today results for its third quarter of fiscal 2021, which ended on January 3, 2021.
Third Quarter FY 21 Highlights
Net sales of $751M up 6% sequentially
Gross Profit Margins steady at 25%
Operating Expenses remain flexed
Operating earnings up YOY
TPPL High Speed line in production
Key Results from Operations by Segments ($ in millions)
Message from the CEO
I remain humbled by our employees’ ability to deliver in these challenging times. We have continued to make excellent progress on our strategic initiatives and demand remained strong in our third quarter. Our as-adjusted $1.27 third quarter EPS benefited approximately $0.10 from our claim