Valmont Industries, Inc. produces and sells fabricated metal products in the United States, Australia, Denmark, and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, wood, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products. The Utility Support Structures segment manufactures engineered steel and concrete pole structures for utility transmission, distribution, substations, and renewable energy generation equipment; and inspection services. The Coatings segment provides hot-dipped galvanizing, anodizing, powder coating, and e-coating services to preserve and protect metal products. The Irrigation segment manufactures and distributes mechanical irrigation equipment, and related parts and services under the Valley brand name for the agricultural industry; and tubular products for industrial customers. This segment also provides water management solutions and technology for precision agriculture. The company serves municipalities and government entities, commercial lighting fixtures manufacturing companies, contractors, telecommunications and utility companies, and large farms, as well as the general manufacturing sector. Valmont Industries, Inc. was founded in 1946 and is headquartered in Omaha, Nebraska.
IPO Year:
Exchange: NYSE
Website: valmont.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/10/2024 | $230.00 → $290.00 | Neutral → Buy | DA Davidson |
10/26/2023 | Buy → Neutral | Northcoast | |
7/15/2022 | $300.00 | Buy | Northcoast |
6/3/2022 | $297.00 | Buy | ROTH Capital |
7/22/2021 | $350.00 | Neutral → Outperform | Boenning & Scattergood |
Myers Industries Inc. (NYSE:MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for the tire, wheel and under-vehicle service industry (the "Company" or "Myers"), today announced that its Board of Directors (the "Board") has appointed Aaron M. Schapper as the Company's new President and Chief Executive Officer, effective January 1, 2025. Mr. Schapper will succeed Dave Basque, who has been serving as Myers' Interim President and CEO since September 9, 2024, and who will return to his role as Vice President, Special Projects. Mr. Schapper will also join the Board in January. This press release features multimedia. View the full release here: https://www
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced that its Board of Directors has declared a quarterly dividend of $0.60 per share payable on January 15, 2025, to shareholders of record on December 27, 2024. The dividend indicates an annual rate of $2.40 per share. About Valmont Industries, Inc. For nearly 80 years, Valmont has been a global leader in creating vital infrastructure and advancing agricultural productivity. Today, we remain committed to doing more with less by innovating through technology. Learn more about how we're Conserving Resources.
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today is pleased to announce the appointment of Deborah Caplan to its Board of Directors. Ms. Caplan is a seasoned executive whose decades of experience helping organizations drive growth and improve innovation makes her a valuable addition to Valmont's board. This appointment brings the total number of board members to eleven and underscores the Company's ongoing commitment to strengthening its leadership team and enhancing its governance practices to better serve its stakeholders. This press release features multimedia
Net Sales and Operating Income Aligned with Expectations Generated Strong Operating Cash Flows of $225 Million Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today reported financial results for the third quarter ended September 28, 2024. President and Chief Executive Officer Avner M. Applbaum commented, "Our team delivered another solid quarter, expanding operating margins and generating strong operating cash flows despite lower sales. The Infrastructure segment benefited from strong utility market demand and an improving telecommunications market in North America
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, will host its third quarter 2024 earnings conference call on Wednesday, October 23, 2024 beginning at 8:00 a.m. CT. A news release outlining third quarter results will be distributed after market close on Tuesday, October 22, 2024. A live audio discussion with Avner M. Applbaum, President and Chief Executive Officer, and Thomas Liguori, Executive Vice President and Chief Financial Officer, will be accessible by telephone on Wednesday, October 23, 2024 at 8:00 a.m. CT by dialing +1 877.407.6184 or +1 201.389.0877 (no Con
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced that Thomas Liguori will join the Company as Executive Vice President and Chief Financial Officer, effective immediately. Mr. Liguori will lead the global finance and accounting organization, reporting to Avner M. Applbaum, President and Chief Executive Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240822466820/en/Tom Liguori (Photo: Business Wire) Mr. Liguori has more than 30 years of finance experience with a proven track record of
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced that its Board of Directors has declared a quarterly dividend of $0.60 per share payable on October 15, 2024, to shareholders of record on September 27, 2024. The dividend indicates an annual rate of $2.40 per share. About Valmont Industries, Inc. For nearly 80 years, Valmont has been a global leader in creating vital infrastructure and advancing agricultural productivity. Today, we remain committed to doing more with less by innovating through technology. Learn more about how we're Conserving Resourc
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today reported financial results for the second quarter ended June 29, 2024. President and Chief Executive Officer Avner M. Applbaum commented, "Our team demonstrated their dedication to enhancing shareholder value by delivering another quarter of operating margin expansion and earnings per share growth. Second quarter results in both segments were driven by commercial and operational execution, pricing strategies, and a fundamentally improved cost structure. Additionally, our Infrastructure segment benefited from decl
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, will host its second quarter 2024 earnings conference call on Thursday, July 25, 2024 beginning at 8:00 a.m. CT. A news release outlining second quarter results will be distributed after market close on Wednesday, July 24, 2024. A live audio discussion with Avner M. Applbaum, President and Chief Executive Officer, and Timothy P. Francis, Interim Chief Financial Officer, will be accessible by telephone on Thursday, July 25, 2024 at 8:00 a.m. CT by dialing +1 877.407.6184 or +1 201.389.0877 (no Conference ID needed), or
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today released its 2024 Sustainability Report, the company's ninth report since 2015. For nearly 80 years, Valmont has delivered infrastructure and agricultural solutions supporting our rapidly changing world. From replacing aging infrastructure and laying the groundwork for the energy transition to enhancing food security and connecting communities, our work today will shape the future for the next generation. The 2024 Sustainability Report highlights several stories that demonstrate the company's commitment to delive
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Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced that its Board of Directors has declared a quarterly dividend of $0.60 per share payable on January 15, 2025, to shareholders of record on December 27, 2024. The dividend indicates an annual rate of $2.40 per share. About Valmont Industries, Inc. For nearly 80 years, Valmont has been a global leader in creating vital infrastructure and advancing agricultural productivity. Today, we remain committed to doing more with less by innovating through technology. Learn more about how we're Conserving Resources.
Net Sales and Operating Income Aligned with Expectations Generated Strong Operating Cash Flows of $225 Million Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today reported financial results for the third quarter ended September 28, 2024. President and Chief Executive Officer Avner M. Applbaum commented, "Our team delivered another solid quarter, expanding operating margins and generating strong operating cash flows despite lower sales. The Infrastructure segment benefited from strong utility market demand and an improving telecommunications market in North America
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, will host its third quarter 2024 earnings conference call on Wednesday, October 23, 2024 beginning at 8:00 a.m. CT. A news release outlining third quarter results will be distributed after market close on Tuesday, October 22, 2024. A live audio discussion with Avner M. Applbaum, President and Chief Executive Officer, and Thomas Liguori, Executive Vice President and Chief Financial Officer, will be accessible by telephone on Wednesday, October 23, 2024 at 8:00 a.m. CT by dialing +1 877.407.6184 or +1 201.389.0877 (no Con
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced that its Board of Directors has declared a quarterly dividend of $0.60 per share payable on October 15, 2024, to shareholders of record on September 27, 2024. The dividend indicates an annual rate of $2.40 per share. About Valmont Industries, Inc. For nearly 80 years, Valmont has been a global leader in creating vital infrastructure and advancing agricultural productivity. Today, we remain committed to doing more with less by innovating through technology. Learn more about how we're Conserving Resourc
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today reported financial results for the second quarter ended June 29, 2024. President and Chief Executive Officer Avner M. Applbaum commented, "Our team demonstrated their dedication to enhancing shareholder value by delivering another quarter of operating margin expansion and earnings per share growth. Second quarter results in both segments were driven by commercial and operational execution, pricing strategies, and a fundamentally improved cost structure. Additionally, our Infrastructure segment benefited from decl
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, will host its second quarter 2024 earnings conference call on Thursday, July 25, 2024 beginning at 8:00 a.m. CT. A news release outlining second quarter results will be distributed after market close on Wednesday, July 24, 2024. A live audio discussion with Avner M. Applbaum, President and Chief Executive Officer, and Timothy P. Francis, Interim Chief Financial Officer, will be accessible by telephone on Thursday, July 25, 2024 at 8:00 a.m. CT by dialing +1 877.407.6184 or +1 201.389.0877 (no Conference ID needed), or
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced that its Board of Directors has declared a quarterly dividend of $0.60 per share payable on July 15, 2024, to shareholders of record on June 28, 2024. The dividend indicates an annual rate of $2.40 per share. About Valmont Industries, Inc. For nearly 80 years, Valmont has been a global leader in creating vital infrastructure and advancing agricultural productivity. Today, we remain committed to doing more with less by innovating through technology. Learn more about how we're Conserving Resources. Impr
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today reported financial results for the first quarter ended March 30, 2024. President and Chief Executive Officer Avner M. Applbaum commented, "We are pleased to have achieved strong quarterly results that reflect our team's focus on execution and commitment to enhancing shareholder value. We meaningfully expanded margins year-over-year on lower sales through successful commercial execution, improved operational efficiencies in our facilities, and reduced SG&A expenses due to structural cost improvement actions taken
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, will host its first quarter 2024 earnings conference call on Thursday, May 2, 2024 beginning at 8:00 a.m. CT. A news release outlining first quarter results will be distributed after market close on Wednesday, May 1, 2024. A live audio discussion with Avner M. Applbaum, President and Chief Executive Officer, and Timothy P. Francis, Interim Chief Financial Officer, will be accessible by telephone on Thursday, May 2, 2024 at 8:00 a.m. CT by dialing +1 877.407.6184 or +1 201.389.0877 (no Conference ID needed), or via webc
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced that its Board of Directors has declared a quarterly dividend of $0.60 per share payable on April 15, 2024, to shareholders of record on March 29, 2024. The dividend indicates an annual rate of $2.40 per share. About Valmont Industries, Inc. For over 75 years, Valmont has been a global leader in creating vital infrastructure and advancing agricultural productivity. Today, we remain committed to doing more with less by innovating through technology. Learn more about how we're Conserving Resources. Impr
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4 - VALMONT INDUSTRIES INC (0000102729) (Issuer)
4 - VALMONT INDUSTRIES INC (0000102729) (Issuer)
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Myers Industries Inc. (NYSE:MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for the tire, wheel and under-vehicle service industry (the "Company" or "Myers"), today announced that its Board of Directors (the "Board") has appointed Aaron M. Schapper as the Company's new President and Chief Executive Officer, effective January 1, 2025. Mr. Schapper will succeed Dave Basque, who has been serving as Myers' Interim President and CEO since September 9, 2024, and who will return to his role as Vice President, Special Projects. Mr. Schapper will also join the Board in January. This press release features multimedia. View the full release here: https://www
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today is pleased to announce the appointment of Deborah Caplan to its Board of Directors. Ms. Caplan is a seasoned executive whose decades of experience helping organizations drive growth and improve innovation makes her a valuable addition to Valmont's board. This appointment brings the total number of board members to eleven and underscores the Company's ongoing commitment to strengthening its leadership team and enhancing its governance practices to better serve its stakeholders. This press release features multimedia
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced that Thomas Liguori will join the Company as Executive Vice President and Chief Financial Officer, effective immediately. Mr. Liguori will lead the global finance and accounting organization, reporting to Avner M. Applbaum, President and Chief Executive Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240822466820/en/Tom Liguori (Photo: Business Wire) Mr. Liguori has more than 30 years of finance experience with a proven track record of
Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced a strategic partnership with FieldSync, a pioneering provider of infrastructure data acquisition and analytics technology. This groundbreaking partnership represents a first of its kind, geared toward delivering innovative product solutions that drive digital transformation and provide customers with continued value. Aiming to better fuse climbing and drone inspection methods, the collection and delivery of inspection data, and recommendations for infrastructure management, the partnership between Valmo
Valmont Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, welcomed 24 new pre-apprentice and apprentice students into its trade program in Jasper, Tennessee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230921385778/en/New Valmont Apprentices and Pre-Apprentices Pose For Photo During Signing Ceremony. (Photo: Business Wire) "In Tennessee alone, thousands of skilled trade positions across the industry are open to young professionals. This demand compounds on a national scale, with recent federal funding to modernize
CFO Avner M. Applbaum to Succeed Stephen G. Kaniewski as President and CEO Valmont® Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced that its Board of Directors has named Avner M. Applbaum, current Executive Vice President and Chief Financial Officer, as President and Chief Executive Officer, effective immediately. Mr. Applbaum succeeds Stephen G. Kaniewski, CEO since December 31, 2017, who is stepping down to pursue other opportunities. Mr. Kaniewski will serve in an advisory capacity as needed to ensure a seamless transition. The company also announced the
SolarEdge Technologies, Inc. ("SolarEdge" or the "Company") (NASDAQ:SEDG), a global leader in smart energy technology, announced today the appointment of Ms. Dana Gross as a member of its Board of Directors, effective July 5, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230707196174/en/Dana Gross (Photo: Business Wire) Dana Gross joins SolarEdge as a well-seasoned board member. She will serve on the Board's Audit Committee and qualifies as an Audit Committee financial expert. Ms. Gross currently serves on the board of directors of Tower Semiconductors Ltd. (NASDAQ:TSEM) and Playtika Holding Inc. (NASDAQ:PLTK). Since 2022
Valmont Industries, Inc. (NYSE:VMI), a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today announced Gene Padgett will join the company as SVP, Finance and Chief Accounting Officer effective November 1, 2022. Mr. Padgett will be an integral leader on the finance team overseeing the Company's accounting and SEC reporting functions, and reporting directly to Avner Applbaum, EVP and Chief Financial Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221102005661/en/Gene Padgett. (Photo: Business Wire) Prior to joining Valmont, Mr.
Valmont Industries, Inc. (NYSE:VMI), a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today announced that Renee Campbell, Vice President, Investor Relations and Corporate Communications, has been named Senior Vice President, Investor Relations and Treasurer. In this expanded role, Ms. Campbell will lead both the investor relations and treasury functions to support the Company's long-term growth strategy, including investor communications, ESG, capital allocation and capital structure, treasury operations, cash management and risk management. This press release features multimedia. View the fu
Valmont Industries (NYSE:VMI) reported quarterly earnings of $4.91 per share which beat the analyst consensus estimate of $4.05 by 21.23 percent. The company reported quarterly sales of $1.00 billion which missed the analyst consensus estimate of $1.04 billion by 3.88 percent. This is a 4.40 percent decrease over sales of $1.05 billion the same period last year.
Stifel analyst Nathan Jones maintains Valmont Industries (NYSE:VMI) with a Buy and raises the price target from $285 to $325.
Gainers Enovix (NASDAQ:ENVX) shares increased by 35.3% to $8.81 during Thursday's regular session. The market value of their outstanding shares is at $1.4 billion. The company's, Q1 earnings came out yesterday. Avis Budget Gr (NASDAQ:CAR) stock moved upwards by 23.26% to $116.79. The company's market cap stands at $4.1 billion. As per the press release, Q1 earnings came out yesterday. Pitney Bowes (NYSE:PBI) shares increased by 23.15% to $5.18. The market value of their outstanding shares is at $921.2 million. As per the press release, Q1 earnings came out today. Nuburu (AMEX:BURU) stock increased by 18.43% to $0.21. The market value of their outstanding shares is at $7.8 million. Valmo
U.S. stocks were higher, with the Dow Jones index gaining over 50 points on Thursday. Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) rose sharply during Thursday's session after the company reported better-than-expected first-quarter financial results. C.H. Robinson Worldwide posted adjusted earnings of 86 cents per share, beating market estimates of 82 cents per share. The company's quarterly sales came in at $4.412 billion versus expectations of $4.269 billion, according to data from Benzinga Pro. C.H. Robinson Worldwide shares jumped 16.8% to $84.24 on Thursday. Here are some other big stocks recording gains in today's session. Aspen Aerogels, Inc. (NYSE:ASPN) jumpe
Valmont Industries (NYSE:VMI) reported quarterly earnings of $4.32 per share which beat the analyst consensus estimate of $3.25 by 32.92 percent. This is a 24.5 percent increase over earnings of $3.47 per share from the same period last year. The company reported quarterly sales of $977.828 million which missed the analyst consensus estimate of $986.982 million by 0.93 percent. This is a 7.93 percent decrease over sales of $1.062 billion the same period last year.
Stifel analyst Nathan Jones reiterates Valmont Industries (NYSE:VMI) with a Buy and maintains $249 price target.
DA Davidson has decided to maintain its Buy rating of Valmont Industries (NYSE:VMI) and lower its price target from $290.00 to $275.00. Shares of Valmont Industries are trading up 0.0% over the last 24 hours, at $214.75 per share. A move to $275.00 would account for a 28.06% increase from the current share price. About Valmont Industries Valmont Industries Inc is an investment holding company. It operates through two segments namely Infrastructure and Agriculture. The company generates maximum revenue from Infrastructure segment. Infrastructure segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, renewable energy, ligh
DA Davidson upgraded Valmont from Neutral to Buy and set a new price target of $290.00 from $230.00 previously
Northcoast downgraded Valmont from Buy to Neutral
Northcoast initiated coverage of Valmont with a rating of Buy and set a new price target of $300.00
ROTH Capital initiated coverage of Valmont with a rating of Buy and set a new price target of $297.00
Boenning & Scattergood upgraded Valmont from Neutral to Outperform and set a new price target of $350.00
Kansas City Capital downgraded Valmont Industries from Outperform to Perform
DA Davidson reiterated coverage of Valmont Industries with a rating of Neutral and set a new price target of $200.00 from $150.00 previously