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Valmont Industries' CEO Discusses Q4 2011 Results - Earnings Call Transcript

Valmont Industries, Inc. ( VMI)

Q4 2011 Earnings Call

February 15, 2012 9:00 am ET


Jeff Laudin - Manager of IR

Mogens Bay - Chairman and CEO

Terry McClain - SVP and CFO

Mark Jaksich - VP and Corporate Controller


Julian Mitchell - Credit Suisse

Arnie Ursaner - CJS Securities

Carter Shoop - KeyBanc

Schon Williams - BB&T Capital Markets

Brian Drab - William Blair

Jeff Beach - Stifel Nicolaus

Taryn Kuida - D. A. Davidson



At this time, I would like to welcome everyone to the Valmont Industries' fourth quarter earnings conference call. (Operator Instructions) I would now like to turn the call over to Mr. Jeff Laudin, Manager of Investor Relations.

Jeff Laudin

Welcome to the Valmont Industries' fourth quarter earnings conference call. With me today are Mogens Bay, Chairman and Chief Executive Officer; Terry McClain, Senior Vice President and Chief Financial Officer; and Mark Jaksich, Vice President and Corporate Controller.

Before we begin please note, this discussion is subject to our disclosure on forward-looking statements, which applies to today's talk and will be read in full at the end of the call. The instructions for accessing a replay of this call can be found in our press release.

I would now like to turn the floor over to our Chairman and Chief Executive Officer, Mogens Bay.

Mogens Bay

Good morning, everyone, and thank you for joining us. I trust you have all read the press release, so I will focus on some of the highlights for the quarter and for the year. The main drivers of fourth quarter operating results were significant sales increases in the irrigation and utility businesses and great operating leverage in the Utility Support Structures, Irrigation and Coatings segments.

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