Valmont Industrs Stock Price, News & Analysis

Valley Irrigation, a Valmont Industries company (NYSE: VMI), announced the consolidation of its four irrigation management platforms - AgSense, Valley 365, PrecisionKing, and PivoTrac - into a unified app called AgSense 365, launching in March 2025.

The strategic consolidation aims to enhance operational efficiencies by reducing development redundancies and delivering a more streamlined user experience. The new platform represents over ten years of technological advancement and combines the strengths of each legacy system.

The transition is designed to be seamless for existing users while positioning Valley to accelerate technology adoption. AgSense 365 will provide enhanced efficiency through streamlined technology stack, improved scalability for global expansion, and potential revenue growth through increased digital solution adoption and recurring subscription services.

Myers Industries (NYSE: MYE) has appointed Aaron M. Schapper as President, CEO, and Board Director, effective January 1, 2025. Schapper succeeds Dave Basque, who has served as Interim President and CEO since September 9, 2024. Schapper joins from Valmont Industries, where he held various senior leadership roles over eight years, including Chief Strategy Officer and Group President positions. His experience includes leading global industrial businesses and managing operations in China. The appointment follows a comprehensive search process to lead Myers' next growth phase.

Valmont Industries (NYSE: VMI) announced that its Board of Directors has declared a quarterly dividend of $0.60 per share. The dividend will be payable on January 15, 2025, to shareholders of record on December 27, 2024. This quarterly payment indicates an annual dividend rate of $2.40 per share. Valmont is a global leader providing vital infrastructure and agricultural productivity solutions while advancing technology innovation.

Valmont Industries (NYSE: VMI) has appointed Deborah Caplan to its Board of Directors, expanding the board to eleven members. Caplan brings extensive experience from her role as Executive Vice President of HR & Corporate Services at NextEra Energy, where she led workforce initiatives for a $170 billion market cap clean energy company. Her background includes leadership positions at Florida Power & Light, General Electric Company, and GE Capital. She currently serves on the boards of Arthur J. Gallager & Co. and Mid-America Apartment Communities. Caplan holds degrees in aerospace and manufacturing engineering and is a certified Six Sigma Master Black Belt.

Valmont Industries (NYSE: VMI) reported solid Q3 2024 results, with net sales of $1.0 billion, down 2.9% year-over-year. Despite lower sales, the company expanded operating margins and generated strong operating cash flows of $225.1 million. Operating income increased to $125.7 million or 12.3% of net sales, compared to an operating loss in Q3 2023. Diluted EPS was $4.11.

The Infrastructure segment saw strong growth in Utility and Telecommunications, offset by lower Lighting, Transportation, and Solar sales. The Agriculture segment experienced an 11.1% decrease in sales due to market softness in North America and Brazil. The company reaffirmed its full-year 2024 outlook, expecting net sales change of -3.5% to -1.5% and diluted EPS of $16.50 to $17.30.

Valmont Industries, Inc. (NYSE: VMI) has announced its third quarter 2024 earnings conference call, scheduled for Wednesday, October 23, 2024, at 8:00 a.m. CT. The company, a global leader in vital infrastructure and agricultural productivity, will release its third quarter results after market close on Tuesday, October 22, 2024. Avner M. Applbaum, President and CEO, and Thomas Liguori, Executive VP and CFO, will lead the audio discussion.

Investors can access the call via telephone or webcast. A slide presentation will be available on the Valmont website. A replay of the event will be accessible until 10:59 p.m. CT on October 30, 2024.

Valmont Industries (NYSE: VMI) has appointed Thomas Liguori as Executive Vice President and Chief Financial Officer, effective immediately. Liguori, with over 30 years of finance experience, will lead the global finance and accounting organization, reporting to CEO Avner M. Applbaum. He joins Valmont from Fortna , where he served as CFO, and previously held the same position at Avnet, a Fortune 200 global semiconductor distributor.

Liguori's appointment is expected to bring valuable public-company experience and a track record of creating shareholder value, improving working capital, and enhancing operating efficiencies. Timothy P. Francis, who served as Interim CFO since July 2023, will remain with Valmont as Chief Accounting Officer, reporting to Liguori.

Valmont Industries (NYSE: VMI), a global leader in vital infrastructure and agricultural productivity, has announced a quarterly dividend of $0.60 per share. The dividend is payable on October 15, 2024, to shareholders of record on September 27, 2024. This dividend indicates an annual rate of $2.40 per share.

Valmont is known for providing essential infrastructure solutions and advancing agricultural productivity through innovative technology. The company's Board of Directors approved this dividend, demonstrating its commitment to returning value to shareholders.

Valmont Industries (NYSE: VMI) reported strong Q2 2024 results, raising full-year diluted EPS guidance to $16.50-$17.30. Net sales remained steady at $1.0 billion, while operating income increased 10.2% to $147.3 million. Diluted EPS grew 16.6% to $4.91, including a $0.15 per share tax benefit. The company generated $130.8 million in operating cash flows and returned $27.1 million to shareholders through repurchases and dividends.

The Infrastructure segment saw a slight 1.0% decrease in sales but improved operating income. The Agriculture segment experienced growth in North America due to weather-related replacement sales, offset by lower sales in Brazil. Valmont is adjusting its strategy, exiting low-margin Solar projects and adapting to steel price deflation, leading to revised net sales projections but improved profitability outlook.