Valmont Reports Q3 Earnings with Strong Infrastructure Growth
Valmont Industries (VMI) reported third-quarter earnings for fiscal year 2026 on October 20. The company saw net sales of $1.1 billion, a 5.5% increase from the prior year driven by strong performance in its infrastructure segment. Adjusted diluted EPS rose to $6.24, up 25.3%. North America utility and coatings segments showed significant growth due to grid modernization projects and data center demand. The company raised full-year adjusted diluted EPS guidance to a range of $22.75–$23.75 from the previous estimate of $22.25–$23.50, reflecting strong third-quarter performance. Valmont also secured a $100 million project in North Africa for irrigation and water management solutions with shipments expected to begin by mid-2027. Despite these gains, telecommunications sales dropped 33.8% due to carriers shifting capital priorities post-5G build-out. Steel costs remain elevated at about 50% above prior year levels, creating a near-term margin headwind.
Tickers: $VMI