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Valmont Industries
$9.7B
Market Cap
24.6
P/E
2.22
PEG
16.9%
ROCE
22.3%
ROE
0.57
D/E
10.1%
OPM
-18.2%
% from 52W High
58
α RS
🔍 VMI is showing a high-conviction setup because it matches 9 of 37 tracked screener presets and it's within 18.2% of its 52-week high. Net: Partial signal stack, not a recommendation. ? Conviction 52W High
Sources
Conviction 9/37 · 18.2% from 52W high
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Currency-adjusted total returns for VMI including FX impact
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📈 Price History
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About

Valmont Industries, Inc. operates as a manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding VMI
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 50.4K $20.1M 0.03% Mar 2026
Steve Cohen Point72 Asset Management 47.4K $18.9M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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📊 MIXED Valmont Q1 2026: Record EPS $5.51, sales $1.03B, Utility up 27%
Revenue & Profitability
Q1 2026 net sales were $1.03 billion, up 6.2% year-over-year. Operating income was $155.6 million, with operating margins improving 190 basis points to 15.1%. Diluted EPS reached a record $5.51, a 27.5% increase. Operating cash flow was $103.5 million. Full-year 2026 EPS guidance was raised to $21.50-$23.50.
Outlook
Management sees unprecedented demand in North America Utility, with U.S. utilities planning roughly $1.4 trillion investment through 2030, up from $1.1 trillion, driven by load growth, grid modernization, and data center demand. Agriculture markets remain under pressure due to tight farm economics and the Middle East conflict. Tariff impacts from Section 232 are being mitigated by maximizing U.S. melted and poured steel.
Growth Drivers
North America Utility sales grew 27.4% in Q1, driven by pricing and double-digit volume growth. The segment is expected to grow mid-to-high teens for full-year 2026. North America Coatings grew 13.3% from infrastructure and data center demand. In Agriculture, North America grew 1.5% year-over-year via favorable pricing. Capacity expansions and operational improvements are supporting above-market growth.
Balance Sheet & CapEx
Q1 capital expenditures were $35 million, primarily for utility capacity expansion. Full-year 2026 CapEx is guided at $170-$200 million. The company also completed two small acquisitions for a combined $20 million: Rational Minds and the remaining minority shares of ConcealFab. Capacity expansion plans remain on track.
Margins
Infrastructure operating margin improved 110 basis points to 17.8%, driven by pricing and fixed cost leverage. Agriculture margin returned to double-digits at 14.8%, benefiting from pricing and mix. For the full year, Agriculture margins are expected in the mid-to-low teens due to seasonality and pressure from the Dubai facility. The company remains focused on cost management and pricing discipline.
Key Risks
Risks include: the Middle East conflict causing the Dubai facility to pause operations; tariff changes under Section 232 affecting Mexico-sourced product, mitigated to a 10% incremental cost; softer housing and commercial development impacting lighting demand; shift in carrier spending affecting telecom; and tight credit in Brazil weighing on agriculture demand. Management flagged these as near-term headwinds.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-21
Second quarter net sales rose 6.5% year-over-year, with strong Infrastructure growth offsetting Agriculture headwinds. Adjusted EPS increased 25.8%, and full-year guidance for sales and earnings was raised, driven by robust Utility demand and disciplined cost management.
Q1 2026 Q1 2026 2026-04-21
Strong sales and record EPS were driven by robust North America Utility demand and operational improvements, while Agriculture faced international headwinds. Full-year guidance was raised, with Infrastructure growth offsetting Agriculture softness.
Q4 2025 Q4 2025 2026-02-17
Strong 2025 results with adjusted EPS up 11.1% and robust infrastructure growth offsetting ag weakness. 2026 guidance projects 4.8% revenue and 15.2% EPS growth, driven by utility demand, capacity investments, and improved ag margins.
Q3 2025 Q3 2025 2025-10-21
Net sales rose 2.5% year-over-year, led by double-digit growth in Utility and Telecom, with record infrastructure margins and a 21% EPS increase. Full-year EPS guidance was raised, and strong demand in utility is expected to continue, while agriculture faces near-term headwinds but maintains long-term strength.
Q2 2025 Q2 2025 2025-07-22
Q2 2025 saw modest sales growth, strong utility and telecom performance, and significant realignment actions, including solar exits and $138M in nonrecurring charges. Raised full-year EPS guidance and outlined a clear path for multi-year revenue and EPS growth.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
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