Valmont Industrs Stock Price, News & Analysis

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.

Valmont Industries, Inc. (NYSE: VMI) plans to host its second quarter 2021 earnings conference call on Thursday, July 22, 2021, at 8:00 a.m. CDT. The earnings release will be available after market close on July 21, 2021. The call will feature discussions by Stephen G. Kaniewski, President and CEO, and Avner M. Applbaum, EVP and CFO, accessible via telephone or webcast. A slide presentation will also be available on the Investors page. Replay options will be provided for those unable to attend the live event.

Valmont Industries, Inc. (NYSE: VMI) has declared a quarterly dividend of $0.50 per share, payable on July 15, 2021, to shareholders on record as of June 25, 2021. This dividend results in an annual rate of $2.00 per share. With a strong foundation in engineered products for infrastructure and agricultural services, Valmont aims to enhance productivity while conserving resources. The company's offerings span from irrigation equipment to corrosion protection services, supporting various industrial sectors.

Prospera Technologies, recently acquired by Valmont Industries (NYSE: VMI), has been recognized in Gartner's report, “Cool Vendors in AI for Computer Vision.” This accolade highlights Prospera's innovative machine learning and computer vision technologies aimed at enhancing agricultural productivity. The company focuses on providing actionable insights to address global food challenges. CEO Daniel Koppel expressed excitement over this recognition, reflecting their commitment to optimizing agriculture throughout the growth cycle.

Valmont Industries (NYSE: VMI), a leader in engineered products for infrastructure and agricultural irrigation, will participate in two virtual investor conferences in June 2021. Stephen G. Kaniewski, President and CEO, along with Avner M. Applbaum, CFO, will present at the William Blair 41^st Annual Growth Stock Conference on June 3, 2021, and engage in a fireside chat at the Stifel 2021 Cross Sector Insight Conference on June 10, 2021. Live webcasts will be available on their website, with replays accessible for 90 days.