Coatings segment lifts Valmont results

Oct 19, 2012 | 05:44 PM | Corinna Petry

Tags  Valmont Industries, third-quarter earnings, coatings business, Mogens Bay, Corinna Petry

CHICAGO — Valmont Industries Inc. recorded a 34.6-percent year-on-year increase in third-quarter net income on sales that rose 8.6 percent from the same period last year, the company said in its earnings results.

Net sales for the coating business—which performs galvanizing, painting and anodizing services—reached $71.4 million, a 3.5-percent improvement from the third quarter of 2011, while the segment’s operating income grew 30.3 percent year on year to $18.5 million.....

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