Valmont reports first q1 earnings per share $1.99

Valmont reports first quarter 2020 results and provides key assumptions for remainder of 2020.q1 earnings per share $1.99.q1 earnings per share estimate $1.39 -- refinitiv ibes data.sees q2 sales $645 million to $665 million.q1 sales $674.2 million versus refinitiv ibes estimate of $674.7 million.announced a 20% quarterly dividend increase, from $0.375 to $0.45.withdrawing 2020 financial outlook due to ongoing uncertainties around business impacts from covid-19 pandemic.cash balance as of april 21, 2020 was approximately $350.0 million.at beginning of q2, company proactively drew down $75.0 million of its $600.0 million revolving credit facility.2020 capital expenditures are expected to now be in range of $75.0 million to $90.0 million.providing key assumptions and indications for q2 and second half of 2020.q2 net sales estimated to be between $645 million and $665 million.anticipate positive operating cash flows in q2.assume no additional closures of large manufacturing facilities globally due to covid-19 in q2.q2 operating margins estimated to be in range of 7.0% to 8.5% of net sales.anticipating lower raw material costs and assuming no significant supply chain interruptions in h2 2020.expecting lower working capital requirements associated with reduced market demand in h2 2020.q2 revenue view $671.8 million -- refinitiv ibes data.
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