Valmont Q1 EPS Jumps 27.5% to $5.51, Lifts 2026 Guidance to $21.50–23.50
Valmont Industries reported Q1 net sales of $1.03 billion, up 6.2%, operating income of $155.6 million, up 21.3%, and diluted EPS of $5.51, up 27.5%. It raised its full-year 2026 EPS forecast to $21.50–23.50 and increased its quarterly dividend by 13% to $0.77.
1. Q1 Financial Highlights
Valmont Industries delivered net sales of $1.03 billion, up 6.2%, operating income of $155.6 million, up 21.3%, and diluted EPS of $5.51, up 27.5%. Cash and cash equivalents totaled $160.2 million with a net leverage ratio of approximately 1.1x.
2. Infrastructure Segment Performance
Infrastructure sales, representing 78% of revenue, increased 14.1% to $805.9 million led by a 27.4% gain in North America Utility. Operating income rose 22% to $143.0 million driven by pricing strength, higher volumes and improved global cost structure.
3. Agriculture Segment Performance
Agriculture sales declined 15.1% to $227.0 million as softer volumes offset 1.5% pricing gains in North America irrigation. International revenue fell 32.7% due to regional disruptions, resulting in a 7.5% drop in operating income to $33.5 million.
4. Updated Guidance and Capital Allocation
The company raised its full-year 2026 EPS outlook to $21.50–23.50 while maintaining net sales targets. It returned $70.8 million to shareholders through $57.5 million in repurchases and increased the quarterly dividend by 13% to $0.77 per share, investing $34.6 million in capacity projects.