Valmont Industries, Inc. (NYSE:VMI) Q1 2023 Earnings Call Transcript - Page 4 of 4 - InvestingChannel

Valmont Industries, Inc. (NYSE:VMI) Q1 2023 Earnings Call Transcript

So, I think that’s something we’re watching, but we don’t expect anything overly significant.The equip program, just to make a note of it, was re-upped for $850 million. And but it actually had expired. And so it’s forced our growers — and this is a little bit about first quarter, forced a lot of our growers to go back into the queue and restart the process. They didn’t any of the applications. And that’s a program that had been around since, I think, the mid-1990s.So, that was a major interruption. So, if they don’t approve things, that’s what we look at more as impacting our business than some of the little changes through the actual Farm Bill.Brian Wright Great. Thank you so much for the answer.Operator Thank you. We have reached the end of our question-and-answer session.

I’ll now turn the call back over to Renee Campbell for any closing comments.Renee Campbell Thank you for joining us today. As mentioned, today’s call will be available later this morning for playback on our website or by phone for the next seven 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 in 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 to 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.

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