---
schema_version: "secwatch.filing_event.v1"
accession: "0000102729-23-000022"
form_type: "8-K"
ticker: "VMI"
cik: "0000102729"
company_name: "VALMONT INDUSTRIES INC"
filed_at: "2023-04-21T23:59:59+00:00"
generated_at: "2026-06-16T21:00:24.993863+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Valmont Q1 2023: Record EPS $3.47, raises FY guidance, hikes dividend 9%

## Summary
- Record Q1 net sales $1.06B (+8.3% YoY); GAAP EPS $3.47 (+19.7%); adjusted EPS $3.61.
- Infrastructure segment sales $736M (+11.2%); Agriculture $332M (+8.3%).
- Raised FY 2023 adjusted EPS guidance to $15.45-$16.00 from $15.35-$15.90.
- Reauthorized $400M share repurchase; increased quarterly dividend 9% to $0.60/share.
- Backlog $1.6B; secured $85M order for irrigation equipment in Africa.

## SEC filing metadata
- accession: 0000102729-23-000022
- form_type: 8-K
- ticker: VMI
- cik: 0000102729
- company_name: VALMONT INDUSTRIES INC
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102729/000010272923000022/0000102729-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102729/000010272923000022/vmi-20230420x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000102729-23-000022
- JSON: https://secwatch.observer/filing/0000102729-23-000022.json
- Plain text: https://secwatch.observer/filing/0000102729-23-000022.txt

## Key facts
- Earnings Releases
  VALMONT INDUSTRIES INC reported first quarter ended April 1, 2023 results: revenue $1.1 billion, net income $74,540, EPS $3.47. Guidance raised.
  - Period: first quarter ended April 1, 2023
  - Revenue: $1.1 billion
  - Net income: $74,540
  - EPS: $3.47
  - Guidance: raised
  - Result: reported results
  source text: metrics compared to First Quarter 2022 unless otherwise noted) ● Achieved record first quarter Net Sales, Operating Income and Diluted Earnings per Share (“EPS”) o Net Sales of $1.1 billion increased 8.3%; excluding 2022 “Other” segment, Net Sales increased 10.4% 1 o Operating Income increased 24.9% to $118.5 million, or 11.1% of net sales (increased 23.4% to $122.1
  evidence_url: https://www.sec.gov/Archives/edgar/data/102729/000010272923000022/0000102729-23-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.