Call end: 09:47
Valmont Industries, Inc. (NYSE:VMI)
Q1 2024 Earnings Conference Call
May 02, 2024 09:00 AM ET

Company Participants

Renee Campbell - Senior Vice President-Investor Relations and Treasurer
Avner Applbaum - President and Chief Executive Officer
Tim Francis - Interim Chief Financial Officer

Conference Call Participants

Chris Moore - CJS Securities
Brent Thielman - D.A. Davidson
Brian Drab - William Blair
Jon Braatz - Kansas City Capital

Operator

Greetings, welcome to Valmont Industries, Inc. First Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded.

I will now turn the conference over to your host, Renee Campbell, Senior Vice President, Investor Relations and Treasurer. Ms. Campbell, you may begin.

Renee Campbell

Thank you, and good morning. Welcome to Valmont Industries' first quarter 2024 earnings call. With me today are Avner Applbaum, President and Chief Executive Officer; and Tim Francis, Interim Chief Financial Officer.

This morning, Avner will provide a brief summary of our first quarter results, current market dynamics and strategic priorities for 2024. Tim will review our first quarter financial performance and provide our updated outlook and indications for the year with closing remarks from Avner. This will be followed by Q&A.

A live webcast of the presentation will accompany today's call and is available for download from the webcast or on the investor’s site at valmont.com. A replay will be available on our website later this morning.

Please note that this call is subject to our disclosure on forward-looking statements, which applies to today's discussion is outlined on Slide 3 of the presentation, and will be read in full at the end of today's call. Finally, to stay updated with Valmont's latest news releases and information, please sign up for e-mail alerts on our investors site. We also invite investors and other interested parties to follow Valmont and our brands on the social media channel linked on our website.

With that, I would now like to turn the call over to our President and Chief Executive Officer, Avner Applbaum.

Avner Applbaum

Thank you, Renee. Good morning, everyone, and thank you for joining us. Before discussing first quarter results, I'd like to address the recent severe weather in the Central U.S., including Nebraska. I'm relieved to report that our employees are safe, our facilities are undamaged and our operations have not been disrupted. The extent of the damage to local irrigation system and utility infrastructure throughout the area is not yet clear, but we're ready to support our dealers and customers with any need repairs and replacements. We extend our heartfelt concerns to everyone impacted by these events.