Quarterly ResultApr 28, 2026, 06:07 AM
VMI Q1 Diluted EPS $5.51, +27.5%; Net Sales $1.03B, +6.2%
AI Summary
Valmont Industries Inc. reported strong first-quarter 2026 results with diluted EPS increasing 27.5% to $5.51 and net sales rising 6.2% to $1.03 billion. The company also completed the acquisition of the remaining 80% interest in RMDS Innovation for $15.4 million and repurchased 131,197 shares for $56.6 million during the quarter. A settlement for Brazil litigation was reached for approximately $20 million.
Key Highlights
- Diluted EPS: $5.51, up 27.5% from $4.32 YoY.
- Net sales: $1.03 billion, up 6.2% from $969.3 million YoY.
- Net earnings attributable to VMI: $108.0 million, up 23.8% YoY.
- Acquired remaining 80% of RMDS Innovation for $15.4 million.
- Repurchased 131,197 common shares for $56.6 million.
- Infrastructure segment net sales: $803.2 million, up 14.2% YoY.
- Agriculture segment net sales: $226.0 million, down 15.0% YoY.
- Cash dividends declared: $0.77 per share.