earnings
confidence high
sentiment positive
materiality 0.75
Valmont Q3 2026: net sales up 5.5% to $1.10B, diluted EPS up 25.3% to $6.24; FY26 adjusted EPS guidance raised
VALMONT INDUSTRIES INC
- Net sales $1.10B (+5.5% YoY); operating income $172.8M (+22.2%), 15.7% of sales vs 13.5%; net earnings $121.1M and diluted EPS $6.24.
- Infrastructure sales +9.1% to $882.1M; North America Utility +23.0% and Coatings +13.8%, partly offset by lower North America Telecom carrier spend.
- Agriculture sales -6.4% to $226.0M; North America +15.8% on storm replacement and pricing, international -25.3% on lower Middle East and Brazil volumes.
- FY26 adjusted diluted EPS guidance raised to $22.75-$23.75 from $22.25-$23.50; net sales outlook reaffirmed at $4.3-$4.45B; capex $170-$200M unchanged.
- Returned $97.2M to shareholders ($82.3M buybacks, $14.9M dividends); operating cash flow $100.5M, cash $122.0M, net leverage ~0.9x.