Companies · VMI
Valmont Industries, Inc
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Latest analysis
Updated Oct 27, 2026
Valmont Q3 FY2026: North America Utility surges 23% driving Infrastructure segment; tariff refunds and SG&A cuts lift consolidated operating income 22%.
North America Utility product line revenue grew 23.0% in Q3 FY2026 and 27.9% year-to-date, powered by grid capacity expansion and data center load growth, making it the single most consequential driver of Valmont's consolidated results. Infrastructure segment operating income reached 17.6% of sales in Q3, while IEEPA tariff refunds of approximately $6.1 million and a $18.2 million SG&A decline provided additional lift. Agriculture remains a drag, with international sales down 25.3% in Q3 on Middle East conflict disruptions and Brazil weakness, though North America Agriculture recovered 15.8% on storm-replacement demand.
Tone: mixedRevenue
$4.1B
VMI 10-K · FY 2025
Employees
10,791
Revenue growth YoY
+0.7%
Founded
1946
Profile
VMI 10-K Item 1 · Feb 24, 2026Valmont Industries is a diversified manufacturer of engineered products for infrastructure and agriculture markets, operating two reportable segments: Infrastructure and Agriculture. Founded in 1946 and headquartered in Omaha, Nebraska, the company serves utility, lighting, transportation, telecommunications, solar, and mechanized irrigation end markets across more than 60 countries. Its stated purpose is to conserve resources and improve life.
Read filing description ↓ Collapse description ↑
Valmont Industries, Inc., along with its subsidiaries (collectively referred to as the 'Company,' 'Valmont,' 'we,' 'us,' or 'our'), is a diversified manufacturer of products and services for infrastructure and agriculture markets. Founded in 1946 and headquartered in Omaha, Nebraska, our purpose is to conserve resources and improve life. We have been publicly traded since 1968, with our shares listed on the New York Stock Exchange under the ticker symbol 'VMI.' Our reportable segments are as follows: Infrastructure, which consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, lighting, transportation, telecommunications, and solar, along with coatings services to protect metal products; and Agriculture, which consists of the manufacture of center pivot and linear irrigation equipment components for agricultural markets, including aftermarket parts and tubular products, and advanced technology solutions for precision agriculture. Our competitive strategy focuses on delivering high-value, innovative solutions to customers at market prices, emphasizing product quality, engineering expertise, exceptional customer service, and the timely, accurate delivery of our products. To achieve this, we leverage the production capacity across our extensive network of facilities, ensuring both quality and efficient service delivery. We operate over 80 manufacturing facilities across six continents and market our products through a combination of direct sales forces, commissioned agents, and an extensive network of independent dealers serving customers in more than 60 countries.
Primary products
- Utility structures (steel, pre-stressed concrete, composites)
- Lighting and Transportation poles and structures
- Highway safety systems (guardrail barriers, wire rope safety barriers, crash attenuation barriers)
- Coatings services (hot-dip galvanizing, powder coating, CorroCote)
- Telecommunications towers, small cell structures, camouflage concealment solutions, PIM mitigation equipment
- Valmont Site Pro 1 wireless site components
Business segments
End markets
Geographies
“Our company is recognized as the leader among the main participants in the mechanized irrigation industry.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Consolidated net sales increased by 0.7% in fiscal 2025 versus fiscal 2024, driven by higher Infrastructure segment sales on improved pricing and mix in Utility, partially offset by lower Agriculture segment volumes in North America.
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