Welcome to our dedicated page for Valmont Industrs news (Ticker: VMI), a resource for investors and traders seeking the latest updates and insights on Valmont Industrs stock.
Valmont Industries, Inc. manufactures products and services for infrastructure and agriculture markets. Its Infrastructure segment serves utility, solar, lighting, transportation and telecommunications markets and provides coatings services to protect metal products, while its Agriculture segment supplies irrigation equipment, aftermarket parts, tubular products and precision agriculture technology.
Company news commonly centers on quarterly results, segment demand, North America Utility capacity and throughput investments, grid modernization and electrification trends, and agriculture market conditions. Other recurring updates include dividend actions, capital allocation priorities, investor presentations, leadership appointments and guidance that may include non-GAAP measures such as adjusted diluted earnings per share and adjusted effective tax rate.
Valmont Industries, Inc. (NYSE: VMI) announced a 10% increase in its quarterly cash dividend from $0.50 to $0.55 per share. This brings the annualized rate to $2.20. The dividend will be payable on April 15, 2022 to shareholders of record as of March 25, 2022. CEO Stephen G. Kaniewski highlighted the company’s strong growth and commitment to a balanced capital allocation strategy, emphasizing ongoing investments to support long-term growth.
Valmont Industries, Inc. (NYSE: VMI) reported record financial results for Q4 2021 and the fiscal year ending December 25, 2021. Q4 net sales reached $963.3 million, up 20.7%, primarily driven by strong irrigation sales. Operating income was $50.8 million, while diluted EPS was $1.25. For the full year, net sales totaled $3.5 billion, reflecting a 20.9% increase, with a diluted EPS of $9.10. The company also reported a record backlog of over $1.6 billion. Valmont's positive outlook for 2022 includes estimated net sales of $3.8 - $4.0 billion and earnings per share of $11.55 - $12.30.
Valmont Industries (NYSE: VMI) has announced the appointment of Renee Campbell as Senior Vice President, Investor Relations and Treasurer. In this new role, she will oversee investor relations and treasury functions, focusing on capital allocation, cash management, and risk management. With over 24 years at Valmont, Campbell is well-positioned to enhance the company's long-term growth strategy. Avner M. Applbaum, CFO, expressed confidence in her leadership abilities to optimize cash and improve working capital.
Valmont Industries (NYSE: VMI) will hold its fourth quarter and full year 2021 earnings conference call on February 17, 2022, at 8:00 a.m. CST. A release detailing the financial results will be issued after market close on February 16, 2022. CEO Stephen G. Kaniewski and CFO Avner M. Applbaum will lead the call, which can be accessed via telephone or webcast. A replay of the event will be available thereafter until February 24, 2022. Valmont Industries has been a leader in infrastructure and agricultural productivity for over 75 years.
Valmont Industries (NYSE: VMI) declared a quarterly dividend of $0.50 per share, representing an annual rate of $2.00 per share. The dividend is payable on January 14, 2022, to shareholders of record on December 23, 2021. This announcement underscores Valmont's commitment to shareholder returns and highlights its ongoing financial stability in the infrastructure and agricultural sectors.
Valmont Industries (NYSE: VMI) reported strong financial results for Q3 2021, achieving record net sales of $868.8 million, an 18.4% increase from the previous year. Operating income rose to $76.2 million, with diluted EPS improving to $2.40. The company increased its full-year GAAP diluted EPS guidance to $10.10 - $10.60. A record backlog exceeding $1.5 billion signifies robust demand across all segments, particularly in Irrigation, which saw a remarkable 72.6% sales increase. The company remains focused on managing inflationary pressures and capitalizing on strong market trends.
Valmont Industries, Inc. (NYSE: VMI) will host its third quarter 2021 earnings conference call on October 21, 2021, at 8:00 a.m. CDT. The earnings release detailing Q3 results will be shared post-market on October 20, 2021. CEO Stephen G. Kaniewski and CFO Avner M. Applbaum will lead the discussion, accessible via telephone or a live webcast. A replay will be available two hours after the call until October 28, 2021. For over 75 years, Valmont has been a leader in infrastructure and agricultural productivity.
Valmont Industries, Inc. (NYSE: VMI) announces the passing of longtime Board member Walter Scott, Jr., who served since April 1981. Scott was instrumental in Valmont's growth, offering strategic insights and mentorship. His contributions as an advisor and as Chairman of the Audit Committee are recognized by the company as significant to its success. Valmont expresses gratitude for his dedicated service and impact, highlighting the legacy he leaves behind for the company and community.
Valmont Industries (NYSE: VMI) has announced a quarterly dividend of $0.50 per share, payable on October 15, 2021, to shareholders of record on September 24, 2021. This reflects an annual dividend rate of $2.00 per share. Valmont is recognized for its engineered products and services aimed at infrastructure development and agricultural efficiency, enhancing productivity while conserving resources.
Valmont Industries (NYSE: VMI) reported strong financial results for Q2 2021, with record net sales of $894.6 million, a 29.9% increase year-over-year. Operating income rose to $82.6 million (9.2% of sales), up from $43.4 million. Diluted EPS jumped to $2.89 from $1.06. The global backlog increased by 17.5% to over $1.34 billion. Valmont raised its full-year net sales growth guidance to 16%-19% and GAAP diluted EPS to $9.90-$10.60. Noteworthy acquisitions were made in the irrigation segment to enhance growth and innovation.