---
schema_version: "secwatch.filing_event.v1"
accession: "0000102729-24-000017"
form_type: "8-K"
ticker: "VMI"
cik: "0000102729"
company_name: "VALMONT INDUSTRIES INC"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-02T23:45:24.175181+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Valmont beats Q1 EPS estimates, raises full-year guidance on strong Infrastructure margins

## Summary
- Q1 diluted EPS $4.32 vs $3.47 YoY (+24.5%); revenue $977.8M, down 8% YoY.
- Infrastructure operating margin improved to 16.4% (vs 12.9% YoY) despite 1.7% sales decline.
- Agriculture sales fell 22.1% YoY, but operating margin held at 15.9%.
- Raised FY2024 EPS outlook to $15.40-$16.40 (from $14.25-$15.50); net sales change guidance narrowed to -2% to +0.5%.
- Completed $120M ASR; Fitch reaffirmed BBB-/Stable rating; $136.1M remaining on buyback authorization.

## SEC filing metadata
- accession: 0000102729-24-000017
- form_type: 8-K
- ticker: VMI
- cik: 0000102729
- company_name: VALMONT INDUSTRIES INC
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102729/000010272924000017/0000102729-24-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102729/000010272924000017/vmi-20240501x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000102729-24-000017
- JSON: https://secwatch.observer/filing/0000102729-24-000017.json
- Plain text: https://secwatch.observer/filing/0000102729-24-000017.txt

## Key facts
- Earnings Releases
  VALMONT INDUSTRIES INC reported first quarter ended March 30, 2024 results: revenue $1.0 billion, EPS $4.32. Guidance raised.
  - Period: first quarter ended March 30, 2024
  - Revenue: $1.0 billion
  - EPS: $4.32
  - Guidance: raised
  - Result: reported results
  source text: creation and delivering outstanding results.” First Quarter 2024 Highlights (all metrics compared to First Quarter 2023 unless otherwise noted) ● Net Sales decreased 8.0% to $1.0 billion compared to $1.1 billion ● Operating Income increased 11.0% to $131.6 million or 13.5% of net sales compared to $118.5 million or 11.1% of net sales ● Diluted Earnings per Share
  evidence_url: https://www.sec.gov/Archives/edgar/data/102729/000010272924000017/0000102729-24-000017-index.htm

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