Valmont Industries, Inc. Q2 2008 Earnings Call Transcript

  • download
  • Print
  • Recommend
  • 0

2008-07-21 19:20:35.0

Tags: Valmont Industries Inc.

Question-and-Answer Session

[Operator Instructions]. Your first question comes from Arnie Ursaner of CJS Securities.

Arnold Ursaner - CJS Securities

Hi, good morning and congratulations on the previous quarter.

Mogens C. Bay - Chairman and Chief Executive Officer

Thanks Arnie.

Arnold Ursaner - CJS Securities

First question I have is on the utility business, I know some of your customers sometime will ask you for shipping products for a month or two or three. Can you focus just on that for a minute, perhaps give us a sense of how many shipments you may have moved just because of timing?

Mogens C. Bay - Chairman and Chief Executive Officer

Well Arnie, it's not a question of moving them because customers are asking for a delay. It is just that large project tends to ship pretty close together. So there can be in one quarter or another. But if your question is do we expect to see a bigger improvement in the third quarter of this year compared to third quarter of last year, than we saw in the second quarter, the answer is yes.

Arnold Ursaner - CJS Securities

The second question I have is regarding the slowdown you had in China. And I am... really two or three questions related to China. One is on the timing issue you referred to there or the change in regulations? When do you expect to see the positive benefit of the changed increased competition?

Mogens C. Bay - Chairman and Chief Executive Officer

Well, whenever an industry goes through a restructuring, it takes a little while before it settles down. But I think that the actual restructuring of how they have organized their wireless carriers is actually behind them. And I would expect to see improvements in that side of the business, going forward from here.

Arnold Ursaner - CJS Securities

Update also on the status...

Mogens C. Bay - Chairman and Chief Executive Officer

So in other words, we expect an improvement... a good comparison in revenue in China in the third quarter.

Arnold Ursaner - CJS Securities

Okay. Can you update us on the status of your plant placed [ph] in China?

Mogens C. Bay - Chairman and Chief Executive Officer

Yes the third plant has actually started, if you will, test production and it will have its official opening on August 28. But so far it's unscheduled, and I think we have the first steel pole being produced and may be already shipped over the last week or so.

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
Click Here
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement
Click Here