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Valmont Reports Third Quarter 2026 Results and Raises Full-Year 2026 Adjusted EPS Guidance

Business Wire

OMAHA, Neb., October 20, 2026--Valmont® Industries, Inc. (NYSE: VMI), a global leader that provides products and solutions to support vital infrastructure and advance agricultural productivity, today reported financial results for the third quarter ended September 26, 2026.

President and Chief Executive Officer Avner M. Applbaum commented, "We delivered another quarter of sales and earnings growth. Higher sales in North America Utility and Coatings reinforce our confidence in the strength and durability of the infrastructure market. To support continued infrastructure demand, we are focused on increasing capacity and improving throughput, with a continued focus on reliable delivery and disciplined execution. In Agriculture, we delivered sales growth in North America despite broader market softness. Our focus remains on deepening strategic customer relationships and expanding our higher-value aftermarket and technology solutions, positioning the business for stronger growth as market conditions improve.

"Given our results, we are raising our adjusted earnings per share guidance range. As we finish 2026 and prepare for 2027, we are focused on turning our capacity investments into higher throughput and improved productivity across the Infrastructure segment. At the same time, we are taking pricing actions and applying contractual pass-throughs to recover higher steel and zinc costs. The pace of margin expansion depends in part on how quickly input costs stabilize. Strong customer demand in Utility and Coatings, together with our investments and operating improvements across Infrastructure and Agriculture support our confidence in the objectives presented at our 2026 Investor Day."

Third Quarter 2026 Highlights (all metrics compared to Third Quarter 2025 unless otherwise noted)

  • Net sales increased 5.5% to $1.10 billion, compared to $1.05 billion

  • Operating income increased 22.2% to $172.8 million or 15.7% of net sales, compared to $141.5 million or 13.5% of net sales

  • Diluted earnings per share increased 25.3% to $6.24, compared to $4.98

  • Generated operating cash flow of $100.5 million; cash and cash equivalents were $122.0 million and net leverage ratio1 was ~0.9x

  • Returned $97.2 million to shareholders through $82.3 million in share repurchases and $14.9 million in dividends

  • Invested $45.6 million in capital expenditures to primarily support growth-related capacity expansion in the North America Utility product line

1Please see Reg G reconciliation to GAAP measures at end of document

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