7/22/2009
NEWS BRIEFS
Valmont Fastener Sales Slip

Valmont Industries reported sales of industrial fasteners and tubular products fell 42% to $17.7 million during the second quarter of 2009, with operating income from the segment slipping 35% to $3.4 million.

During the first six months of 2009 revenue from industrial fasteners and tubular products declined 33% to $37.3 million, while segment profit decreased 29% to $6.87 million.

Overall sales at Omaha-based Valmont increased to $498.8 million during the second quarter, with net earnings rising 18% to $44.2 million. ©2009 GlobalFastenerNews.com

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