Valmont Industries
Builds infrastructure structures, protective coatings, and mechanized irrigation systems.
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Profile
Manufactures engineered structures and protective coatings for utility, lighting, transportation, telecommunications, and solar markets, alongside Valley irrigation equipment and precision-agriculture technology. Infrastructure supplies most revenue, North America is the largest geography, and Agriculture combines equipment, replacement parts, tubular products, and digital tools.
Builds engineered structures and protective coatings for utility, lighting, transportation, telecommunications, and solar infrastructure. Infrastructure is the larger segment, and the business is concentrated in North America while maintaining international operations.
Produces Valley-branded center-pivot and linear irrigation systems, aftermarket parts, tubular products, and precision-agriculture technology through Agriculture. Manufacturing expertise in forming tubular metal links the original irrigation machinery to today's broader infrastructure portfolio.
Execution centers on manufacturing capacity, product adjacencies, acquisitions, portfolio exits, and a dealer network supporting irrigation equipment. Infrastructure supplies most revenue, North America is the largest geography, and selected solar-market exits continue to narrow that product line.
Company facts
Key statistics
Year to date +15.7% · Average volume (30d) 201.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 20, 2026 | Stifel Nicolaus | Target | $645 | $678 | |
| Jun 17, 2026 | Stifel Nicolaus | Target | $501 | $645 | |
| May 28, 2026 | Oppenheimer | Target | $600 | ||
| Feb 18, 2026 | DA Davidson | Reiterate | Neutral | $415 | $450 |
| Feb 18, 2026 | Stifel Nicolaus | Target | $492 | $501 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 21, 2026Q2 FY26 | $5.80 | $6.14 | +5.9% | $1.09B | $1.12B | +2.3% | −3.53% |
| Apr 21, 2026Q1 FY26 | $4.72 | $5.51 | +16.7% | $995.8M | $1.03B | +3.4% | +1.74% |
| Feb 17, 2026Q4 FY25 | $4.95 | $4.92 | −0.6% | $1.04B | $1.04B | −0.5% | +2.48% |
| Oct 21, 2025Q3 FY25 | $4.64 | $4.98 | +7.3% | $1.04B | $1.05B | +0.3% | −3.23% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $969.3M | $1.05B | $1.05B | $1.04B | $1.03B | $1.12B | |
| Gross profit | $291.1M | $321.2M | $318.2M | $309.4M | $316.9M | $340.8M | |
| Operating income | $128.3M | $29.3M | $141.5M | $123.0M | $155.6M | $166.1M | |
| Net income | $87.3M | −$30.3M | $99.0M | $168.0M | $108.0M | $119.9M | |
| Diluted EPS | $4.32 | −$1.53 | $4.98 | $8.51 | $5.51 | $6.14 | |
| Gross margin | 30.0% | 30.6% | 30.4% | 29.8% | 30.8% | 30.5% | |
| Operating margin | 13.2% | 2.8% | 13.5% | 11.9% | 15.1% | 14.8% |
Fiscal years (4-quarter sums)FY21 $3.50B · FY22 $4.35B · FY23 $4.17B · FY24 $4.08B · FY25 $4.10B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 27, 2026Cash & short-term investments $139.1M · Total debt $871.7M · Total assets $3.47B · Shareholders' equity $1.73B
Dividends
Raised for 38 straight years — most recently to $0.77 from $0.68 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 26, 2026 | Jun 26 | Jul 15 | $0.77 | |
| Mar 27, 2026 | Mar 27 | Apr 15 | $0.77 | raised from $0.68 |
| Dec 26, 2025 | Dec 26 | Jan 15 | $0.68 | |
| Sep 26, 2025 | Sep 26 | Oct 15 | $0.68 | |
| Jun 27, 2025 | Jun 27 | Jul 15 | $0.68 | |
| Mar 28, 2025 | Mar 28 | Apr 15 | $0.68 | raised from $0.60 |
| Dec 27, 2024 | Dec 27 | Jan 15 | $0.60 | |
| Sep 27, 2024 | Sep 27 | Oct 15 | $0.60 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 19.30M · Float 18.75M · 97.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.98M | 10.24% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 854.0K | 4.42% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 844.0K | 4.37% | 13F | Aug 13, 2026 |
| State Street Corp | 659.6K | 3.42% | 13F | Aug 7, 2026 |
| Neuberger Berman Group LLC | 497.5K | 2.58% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 27, 2026 | Theodor Werner Freye | director | −800 | $495.00 |
| Jul 23, 2026 | John L. Schwietz | officer: Executive VP and CFO | +208 | $486.15 |
| May 6, 2026 | Renee L. Campbell | officer: SVP, Capital Markets & Risk | −412 | $522.45 |
| Apr 24, 2026 | Mogens C. Bay | director | −17,500 | $492.34 |
| Oct 23, 2025 | James Christopher Colwell | officer: Pres.-Global TDS, Svc&Coating | −375 | $410.68 |
Peers
- Arcosa
Broad overlap in utility, lighting, traffic, and telecom structures
- Lindsay
Direct overlap in mechanized irrigation and road-safety systems
- Nucor
Steel utility structures backed by integrated galvanizing capacity
- AZZ
Direct overlap in galvanizing and protective metal-finishing services
