News about Valmont

On its third-quarter 2026 earnings call on October 20, Valmont (VMI) reported net sales up 5.5% year over year to $1.1 billion. North American utility sales rose 23% as utilities expand capacity and modernize grids, lifting the infrastructure backlog to $1.8 billion, and management said it is still early in a multiyear investment cycle. Steel costs rose sharply, so infrastructure margin expansion is temporarily lagging until contractual pass-through pricing catches up, which management expects to take two to three quarters. North American agricultural revenue grew 15.8% on storm-replacement activity and aftermarket demand, while international machinery markets stayed soft. Capital is being directed to targeted utility manufacturing expansions while preserving financial flexibility and shareholder returns.