Valmont Industries, Inc. (NYSE:VMI) Q3 2023 Earnings Call Transcript

Avner Applbaum: Yes. So again, we’re monitoring kind of our order intake a little bit different dynamic comparison year-over-year just because of how the FINAME played out last year was for a full year. Now they’re doing it quarterly. So that is impacting some of the order patterns. We’re actually digging into that as we speak to try to get a better understanding how much is driven just by the order intake, how much is based on just the kind of the pricing of the soybean. So we’re looking at it right now. We’ll be able to provide a lot more color as we go into the next several months.

Operator: This will conclude the question-and-answer session. I will now turn the call over to Renee Campbell for closing remarks.

Renee Campbell: Thank you for joining us today. As mentioned, today’s call will be available for playback on our website or by phone for the next 7 days. We look forward to speaking with you again next quarter.

Operator: Included in this discussion are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that management has made in light of experience the industries in which Valmont operates as well as management’s perceptions of historical trends, current conditions, expected future developments and other factors believed to be appropriate under the circumstances. As you listen to and consider these comments, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties, some of which are beyond Valmont’s control and assumptions. Although management believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect Valmont’s actual financial results and cause them to differ materially from those anticipated in the forward-looking statements.

These factors include, among other things, risk factors described from time to time in Valmont’s reports the Securities and Exchange Commission as well as future economic and market circumstances, industry conditions, company performance and financial results. operating efficiencies, availability and price of raw material, availability and market acceptance of new products, product pricing, domestic and international competitive environments and actions and policy changes of domestic and foreign governments. The company cautions that any forward-looking statement included in this discussion is made as of the date of this discussion, and the company does not undertake to update any forward-looking statements. This concludes today’s teleconference.

You may disconnect your lines at this time. Thank you for your participation.