Valmont Q3 profit beats estimates on utility demand
VMI•Valmont’s Q3 adjusted EPS was $6.24, beating the $5.70 estimate, while adjusted net sales of $1.10 billion missed the $1.12 billion estimate. The company raised its 2026 adjusted diluted EPS outlook to $22.75-$23.75 and maintained its net sales outlook of $4.3-$4.45 billion.
1. Quarterly results
Valmont reported Q3 net sales of $1.10 billion, up 5.5%, while adjusted net sales missed analyst expectations. Adjusted net earnings of $121.05 million beat the $111.34 million estimate, as adjusted EPS of $6.24 topped the $5.70 estimate.
2. 2026 outlook
The company raised its 2026 adjusted diluted EPS outlook to $22.75-$23.75 from $22.25-$23.50 and maintained its net sales outlook at $4.3-$4.45 billion. Valmont expects strong utility and coatings demand to support infrastructure segment growth.
3. Segment drivers
Valmont said higher North America Utility sales reflected strong demand, increased pricing and higher volumes. North America Coatings sales grew 13.8%; North America Agriculture sales increased on higher volumes and storm replacement activity, while international agriculture sales fell mainly on lower volumes in the Middle East and Brazil.
