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 (VMI) delivers essential infrastructure solutions and agricultural innovations across global markets. This news hub provides investors and industry professionals with timely updates on corporate developments, strategic initiatives, and operational milestones.
Access authoritative coverage of earnings reports, product launches, and market expansions. Track announcements related to structural engineering advancements, irrigation technology improvements, and protective coating innovations that define VMI's industry leadership.
Key updates include regulatory filings, partnership agreements, sustainability efforts, and manufacturing capacity changes. Content is curated to support informed analysis of VMI's performance in utility infrastructure and precision agriculture sectors.
Bookmark this page for streamlined access to Valmont's official communications and third-party analysis. Check regularly for developments impacting the company's position in lighting systems, renewable energy projects, and water-efficient farming solutions.
Valmont Industries, Inc. (NYSE: VMI) has completed its acquisition of a majority interest in ConcealFab, a leader in 5G infrastructure solutions. This strategic move aims to enhance Valmont's telecommunications strategy by integrating ConcealFab's innovative technologies into its product offerings. The partnership with Ericsson, which holds a minority position, is expected to leverage shared expertise and accelerate growth in the telecom sector. ConcealFab's established relationships and rapid growth will bolster Valmont's position in the RF and PIM markets.
Valmont Industries (NYSE: VMI) announced a definitive agreement to acquire a majority interest in ConcealFab, a leader in 5G infrastructure, with the aim of enhancing its telecom services. This partnership, involving Ericsson, aims to leverage their collaboration for innovative solutions in the telecom sector. The acquisition, expected to close in Q2 2022, is anticipated to be accretive to earnings with an estimated Year-1 revenue of $50 million, reinforcing Valmont's strategy for expansion and customer-centric service in the growing telecommunications market.
Valmont Industries, Inc. (NYSE: VMI) has announced a quarterly dividend of $0.55 per share, payable on July 15, 2022, to shareholders of record on June 24, 2022. This dividend indicates an annual rate of $2.20 per share, reflecting the company's commitment to returning value to its shareholders. As a leader in global infrastructure and agricultural productivity, Valmont continues to innovate through technology, positioning itself for sustainable growth.
Valmont Industries (NYSE: VMI) reported record first-quarter financial results for 2022, with net sales rising 26.6% to $980.8 million. Operating income reached $94.8 million while diluted earnings per share (EPS) increased 12.8% to $2.90. The company announced a 10% dividend increase and reported a record backlog of $1.8 billion, indicating strong demand across its Infrastructure and Agriculture segments. Valmont's positive outlook for the year includes increased net sales growth projections and adjusted EPS estimates.
Valmont Industries (NYSE: VMI) will host its Q1 2022 earnings conference call on April 21, 2022, at 8:00 a.m. CDT. A news release detailing the financial results will be issued after market close on April 20, 2022. The call will feature discussions with CEO Stephen G. Kaniewski and CFO Avner M. Applbaum, available via telephone or webcast. A replay will be accessible two hours post-call, lasting until April 28, 2022. Valmont, a leader in infrastructure and agricultural solutions, emphasizes innovation for sustainability.
Valmont Industries (NYSE: VMI) has announced a realignment of its segment reporting structure, effective Q1 2022. The company now reports in two segments: Infrastructure and Agriculture. The Infrastructure segment combines three previous segments, while Agriculture will now include agricultural technology revenue. This change aims to enhance collaboration, improve capital allocation, and better articulate the company's strategy to stakeholders. Valmont will also centralize its global manufacturing operations to boost productivity. A current report will be filed on April 6, 2022, with prior year data adjustments.
Valmont Industries (NYSE: VMI) has secured a strategic multi-year agreement with Siemens Gamesa Renewable Energy (SGRE) to produce components for next-generation rotor houses aimed at the offshore wind market, marking the largest order in Valmont SM's history. This collaboration emphasizes the increasing demand for renewable energy solutions in Europe and aims to facilitate sustainable innovation and local production. Valmont's sustainable practices, such as significant reductions in CO2 emissions, were pivotal in securing this partnership, with production anticipated to commence in Q4 2022.
Valmont Industries, Inc. (NYSE: VMI) announced a 10% increase in its quarterly cash dividend from $0.50 to
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.
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