Valmont Industries publishes Q3 2026 earnings call transcript
VMI•Valmont Industries raised its 2026 adjusted diluted earnings guidance to $22.75-$23.75 per share and maintained its $4.3 billion-$4.45 billion sales outlook. Third-quarter diluted earnings rose 25.3% to $6.24 per share, while sales increased 5.5% to $1.1 billion.
1. Third-quarter results
Valmont Industries reported third-quarter diluted earnings of $6.24 per share, up 25.3%, and sales of $1.1 billion, up 5.5%. The company raised its 2026 adjusted diluted earnings guidance to $22.75-$23.75 per share and maintained its sales outlook of $4.3 billion-$4.45 billion.
2. Backlog and margins
Infrastructure backlog reached $1.8 billion, primarily driven by utility customers, and management reported bookings extending well into 2028. Management expects greater fourth-quarter margin pressure from accelerating input inflation; under stable conditions, contractual pricing typically catches up within two to three quarters.
