Valmont Industries, Inc.
- Open
- 570.83
- Day high
- 570.83
- Day low
- 560.00
- Prev close
- 577.60
- Volume
- 56K
- Mkt cap
- $11.0B
- P/E (TTM)
- 32.1
- EPS (TTM)
- $17.62
- P/B
- 6.5
- P/S
- 2.6
- Yield
- 0.27%
- Per share
- $1.54
- ▼Insiders net selling -$8.8M over the last 3 months (0 open-market buys, 6 sales)
- 🏛Institutions mixed (13F)
Valmont Industries, Inc. (VMI) is a Industrials company listed on NYSE. The stock is up 72% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 6 sales (SEC Form 4).
Valmont Industries, Inc. (VMI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
VMI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 21, 2026 | $4.72 | $5.51 | +16.7% | $1.0B | +3.4% |
| Feb 17, 2026 | $4.95 | $4.92 | -0.6% | $1.0B | +7.6% |
| Oct 21, 2025 | $4.64 | $4.98 | +7.3% | $1.0B | +0.3% |
| Jul 22, 2025 | $4.72 | $4.88 | +3.4% | $1.1B | +1.8% |
| Feb 18, 2025 | $3.63 | $3.84 | +5.8% | $1.0B | +2.4% |
| Oct 22, 2024 | $4.00 | $4.11 | +2.8% | $1.0B | +0.6% |
| Jul 24, 2024 | $4.08 | $4.91 | +20.3% | $1.0B | -0.1% |
| May 1, 2024 | $3.31 | $4.32 | +30.5% | $978M | -0.9% |
| Feb 21, 2024 | $3.08 | $3.18 | +3.2% | $1.0B | -2.0% |
| Oct 25, 2023 | $3.78 | $4.12 | +9.0% | $1.1B | -6.0% |
| Jul 26, 2023 | $4.11 | $4.37 | +6.3% | $1.0B | -9.8% |
| Apr 20, 2023 | $3.33 | $3.61 | +8.4% | $1.1B | +1.2% |
VMI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 7, 2026 | Campbell Renee Lofficer: SVP, Capital Markets & Risk | Sell | 412 | $522.45 |
| Apr 28, 2026 | BAY MOGENS Cdirector | Sell | 7,550 | $491.48 |
| Apr 28, 2026 | BAY MOGENS Cdirector | Sell | 1,450 | $493.96 |
| Apr 28, 2026 | Neary Daniel Pdirector | Grant | 341 | — |
| Apr 28, 2026 | BAY MOGENS Cdirector | Sell | 5,000 | $494.07 |
| Apr 28, 2026 | Robinson-Berry Joandirector | Grant | 341 | — |
| Apr 28, 2026 | BAY MOGENS Cdirector | Sell | 1,500 | $492.45 |
| Apr 28, 2026 | Freye Theodor Wernerdirector | Grant | 341 | — |
| Apr 28, 2026 | Maass Paul Tdirector | Grant | 341 | — |
| Apr 28, 2026 | Milliken James B.director | Grant | 341 | — |
| Apr 28, 2026 | Lanoha Richard Andrewdirector | Grant | 341 | — |
| Apr 28, 2026 | Favre Ritudirector | Grant | 341 | — |
| Apr 28, 2026 | BAY MOGENS Cdirector | Sell | 2,000 | $490.00 |
| Apr 28, 2026 | BAY MOGENS Cdirector | Grant | 341 | — |
| Apr 28, 2026 | PAGLIA CATHERINE JAMESdirector | Grant | 341 | — |
Source: VMI SEC Form 4 filings, latest May 7, 2026. For informational purposes only — not investment advice.
See the full VMI insider & 13F page →Valmont Industries, Inc. company profile
Overview
Valmont Industries, Inc. (NYSE:VMI) is a leading manufacturer of engineered metal products founded in 1946 and headquartered in Omaha, Nebraska. The company has evolved from its origins as a metal fabricator into a diversified industrial conglomerate serving critical infrastructure and agricultural markets globally. Valmont operates through two primary business segments: Infrastructure and Agriculture, providing essential products that support utility transmission, telecommunications networks, transportation systems, and modern farming operations across the United States, Australia, Brazil, Denmark, and other international markets.
Business
Valmont Industries operates in the engineered metal products manufacturing industry, serving two distinct but complementary markets through its dual-segment structure. The Infrastructure segment represents approximately 75% of total revenue and manufactures engineered metal structures that form the backbone of modern utility and communication networks. This segment produces steel, aluminum, wood, and composite utility poles and towers for electrical transmission and distribution systems that carry power from generation facilities to end users. The company also manufactures telecommunications towers and equipment that support cellular networks, including critical 5G infrastructure buildout. Additionally, this segment provides lighting and traffic poles for municipalities, highway safety products like guardrails and barriers, and specialized structures for renewable energy installations including solar panel mounting systems and wind turbine components. The segment also offers metal finishing services such as hot-dipped galvanizing, which protects steel products from corrosion. The Agriculture segment accounts for approximately 25% of revenue and focuses on precision irrigation solutions for large-scale farming operations. The centerpiece of this segment is the Valley brand mechanical irrigation systems, which includes center-pivot and linear-move irrigation equipment that allows farmers to efficiently water crops across large fields. These systems can be equipped with advanced technology solutions like GPS guidance, variable rate irrigation, and remote monitoring capabilities. The segment also manufactures tubular products for various industrial applications and provides ongoing parts, service, and support for installed irrigation systems. Both segments benefit from secular growth trends including infrastructure modernization, the global energy transition toward renewable sources, expanding telecommunications networks, and the increasing need for efficient agricultural production to feed a growing global population.
Revenue model
Valmont generates revenue primarily through direct product sales to a diverse customer base, with different revenue models across its two segments. The Infrastructure segment sells engineered products directly to utility companies, telecommunications carriers, government entities, and contractors. Revenue comes from manufacturing and selling utility poles, transmission towers, telecommunications structures, and related infrastructure products. Customers include major electric utilities upgrading aging grid infrastructure, telecommunications companies expanding 5G networks, and government agencies investing in transportation and smart city infrastructure. The segment also generates recurring revenue through metal finishing services and inspection services for existing infrastructure. The Agriculture segment operates on both equipment sales and ongoing service revenue models. Initial revenue comes from selling Valley-branded irrigation systems to large farms, agricultural cooperatives, and international development projects. The segment then generates recurring revenue through replacement parts, maintenance services, and technology subscriptions. Customers include large-scale agricultural operations, particularly in water-scarce regions where efficient irrigation is critical for crop production. Several factors influence Valmont's profitability margins. Steel prices represent a significant input cost that can compress margins when rising faster than the company can adjust pricing, though Valmont has demonstrated pricing discipline in passing through cost increases. Energy transition policies and utility capital expenditure cycles drive demand in the Infrastructure segment, while agricultural commodity prices and farm income levels directly impact irrigation equipment demand. Competition from lower-cost international manufacturers, particularly in commodity-like products, can pressure margins, though Valmont's focus on engineered solutions and quick delivery times provides some protection. Currency fluctuations affect international operations, while tariff policies on imported steel and finished products can impact both costs and competitive positioning.
Competitive moat
Valmont Industries possesses a moderate but defendable competitive moat built on several key factors, though it operates in markets with meaningful competitive pressures. The company's primary moat stems from its engineering expertise and manufacturing scale in specialized metal fabrication. Valmont's ability to design and manufacture complex utility structures, telecommunications towers, and precision irrigation systems requires significant technical knowledge and manufacturing capabilities that create barriers to entry. The company's established relationships with major utility companies and telecommunications carriers, built over decades of reliable service, provide some customer stickiness, particularly given the critical nature of infrastructure products where quality and reliability are paramount. Geographic positioning and quick delivery capabilities offer additional competitive advantages. Valmont's strategically located manufacturing facilities allow for shorter lead times compared to international competitors, which is increasingly valuable as customers prioritize supply chain reliability. The company's hot-dip galvanizing services create some local market protection since transportation costs for large galvanized structures can be prohibitive. However, Valmont's moat faces several challenges. The Infrastructure segment competes in markets where products can become commoditized, particularly in standard utility poles and basic telecommunications structures. International competition, especially from lower-cost manufacturers in Asia and Mexico, poses ongoing margin pressure. The Agriculture segment faces competition from established players like Lindsay Corporation and international manufacturers, limiting pricing power in many markets. The company's moat is strongest in complex, engineered solutions where technical expertise and customer relationships matter most, but weakest in standardized products where price competition is intense. Valmont's ongoing investments in technology and manufacturing efficiency are essential to maintaining its competitive position, but the moat is not insurmountable and requires continuous reinforcement through innovation and operational excellence.
Risks & safety
Valmont Industries demonstrates a solid financial position with adequate margin of safety, though some metrics warrant monitoring. **Overall Assessment:** The company maintains healthy liquidity and manageable debt levels, though valuation appears full at current levels. **Debt and Liquidity:** • Current ratio of 2.26, indicating strong short-term liquidity • Debt-to-equity ratio of 0.53, representing moderate leverage • Cash and short-term investments of $184 million provide adequate cushion • Strong operating cash flow of $573 million in FY 2024 supports debt service • Free cash flow of $493 million demonstrates healthy cash generation **Valuation Metrics:** • P/E ratio of 16.6 appears reasonable for current earnings • EV/EBITDA of 10.8 suggests moderate valuation • Price-to-book ratio of 3.6 indicates premium to tangible assets • Graham number suggests potential overvaluation at current price levels **Other Considerations:** • Cyclical nature of both infrastructure and agricultural markets creates earnings volatility • Exposure to commodity steel prices and tariff policies adds uncertainty • Strong market positions in utility and irrigation markets provide some downside protection
Recent development
Over the past several years, Valmont has executed a strategic transformation focused on streamlining operations and positioning for long-term growth in infrastructure and precision agriculture markets. The company completed a significant organizational restructuring, consolidating from four business segments to two primary segments (Infrastructure and Agriculture) to improve operational efficiency and capital allocation. This streamlining included exiting low-margin solar utility-scale projects while maintaining focus on the higher-margin distributed generation solar market, which has shown 30% year-over-year growth. Capacity expansion has been a major strategic priority, with Valmont increasing annual capital expenditures to $150 million and investing approximately $30 million in high-return capacity expansion projects. The company has particularly focused on expanding manufacturing capabilities in Texas to serve growing utility and telecommunications markets, while also enhancing galvanizing capacity to support increased demand. In the Agriculture segment, Valmont has made significant investments in digital technology and precision agriculture solutions. The company integrated Prospera Technologies' AI-powered crop monitoring capabilities and launched new digital platforms including the Accents 365 app for irrigation management and an e-commerce platform for parts and services. These technology investments aim to create recurring revenue streams and enhance customer relationships beyond traditional equipment sales. Leadership strengthening has been another focus area, with key appointments including Tom Liguori as CFO, Darryl Matthews as Group President of Agriculture, and Jennifer Paisley as Senior VP of Human Resources. The company has also enhanced its sustainability initiatives, publishing its ninth annual sustainability report and advancing ESG goals. Valmont has maintained disciplined capital allocation, authorizing a $700 million share repurchase program while increasing its quarterly dividend by 13%. The company targets allocating 50% of operating cash flow toward growth investments while returning excess capital to shareholders through buybacks and dividends.
VMI company profile · for informational purposes only — not investment advice.
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