Welcome to our dedicated page for Valmont Industries news (Ticker: VMI), a resource for investors and traders seeking the latest updates and insights on Valmont Industries stock.
Valmont Industries, Inc. (VMI) is a globally recognized leader in the design and manufacturing of poles, towers, and structures for a variety of markets, including lighting, traffic, wireless communication, and utilities. The company also excels in providing protective coating services to preserve metal products. Beyond infrastructure, Valmont is a pioneer in mechanized irrigation equipment, which plays a crucial role in enhancing agricultural productivity while conserving natural water resources. Additionally, Valmont produces a wide range of tubing for commercial and industrial applications.
Operating through two primary segments, Infrastructure and Agriculture, Valmont generates the majority of its revenue from its Infrastructure segment. This segment focuses on creating and distributing products and solutions that cater to utility, renewable energy, lighting, transportation, telecommunications, and coatings services. Geographically, the company derives most of its revenue from North America, underlining its strong presence in the region.
Valmont Industries is not just about producing high-quality products; it also emphasizes sustainability and innovation. Through its advanced irrigation solutions, the company supports sustainable agriculture by optimizing water use and increasing crop yields. These initiatives are vital for addressing global food security challenges.
Recently, Valmont has made significant strides in expanding its operations and forming strategic partnerships, further solidifying its position as a market leader. The company continually invests in research and development to stay ahead of industry trends and meet the evolving needs of its customers.
Financially, Valmont Industries remains robust, with consistent revenue growth and a stable market position. The company's commitment to innovation, sustainability, and quality makes it a reliable choice for investors looking to diversify their portfolios with a company that has a strong track record and promising future prospects.
Valmont Industries, Inc. (NYSE: VMI) has announced a quarterly dividend of $0.55 per share, payable on July 15, 2022, to shareholders of record on June 24, 2022. This dividend indicates an annual rate of $2.20 per share, reflecting the company's commitment to returning value to its shareholders. As a leader in global infrastructure and agricultural productivity, Valmont continues to innovate through technology, positioning itself for sustainable growth.
Valmont Industries (NYSE: VMI) reported record first-quarter financial results for 2022, with net sales rising 26.6% to $980.8 million. Operating income reached $94.8 million while diluted earnings per share (EPS) increased 12.8% to $2.90. The company announced a 10% dividend increase and reported a record backlog of $1.8 billion, indicating strong demand across its Infrastructure and Agriculture segments. Valmont's positive outlook for the year includes increased net sales growth projections and adjusted EPS estimates.
Valmont Industries (NYSE: VMI) will host its Q1 2022 earnings conference call on April 21, 2022, at 8:00 a.m. CDT. A news release detailing the financial results will be issued after market close on April 20, 2022. The call will feature discussions with CEO Stephen G. Kaniewski and CFO Avner M. Applbaum, available via telephone or webcast. A replay will be accessible two hours post-call, lasting until April 28, 2022. Valmont, a leader in infrastructure and agricultural solutions, emphasizes innovation for sustainability.
Valmont Industries (NYSE: VMI) has announced a realignment of its segment reporting structure, effective Q1 2022. The company now reports in two segments: Infrastructure and Agriculture. The Infrastructure segment combines three previous segments, while Agriculture will now include agricultural technology revenue. This change aims to enhance collaboration, improve capital allocation, and better articulate the company's strategy to stakeholders. Valmont will also centralize its global manufacturing operations to boost productivity. A current report will be filed on April 6, 2022, with prior year data adjustments.
Valmont Industries (NYSE: VMI) has secured a strategic multi-year agreement with Siemens Gamesa Renewable Energy (SGRE) to produce components for next-generation rotor houses aimed at the offshore wind market, marking the largest order in Valmont SM's history. This collaboration emphasizes the increasing demand for renewable energy solutions in Europe and aims to facilitate sustainable innovation and local production. Valmont's sustainable practices, such as significant reductions in CO2 emissions, were pivotal in securing this partnership, with production anticipated to commence in Q4 2022.
Valmont Industries, Inc. (NYSE: VMI) announced a 10% increase in its quarterly cash dividend from $0.50 to
Valmont Industries, Inc. (NYSE: VMI) reported record financial results for Q4 2021 and the fiscal year ending December 25, 2021. Q4 net sales reached $963.3 million, up 20.7%, primarily driven by strong irrigation sales. Operating income was $50.8 million, while diluted EPS was $1.25. For the full year, net sales totaled $3.5 billion, reflecting a 20.9% increase, with a diluted EPS of $9.10. The company also reported a record backlog of over $1.6 billion. Valmont's positive outlook for 2022 includes estimated net sales of $3.8 - $4.0 billion and earnings per share of $11.55 - $12.30.
Valmont Industries (NYSE: VMI) has announced the appointment of Renee Campbell as Senior Vice President, Investor Relations and Treasurer. In this new role, she will oversee investor relations and treasury functions, focusing on capital allocation, cash management, and risk management. With over 24 years at Valmont, Campbell is well-positioned to enhance the company's long-term growth strategy. Avner M. Applbaum, CFO, expressed confidence in her leadership abilities to optimize cash and improve working capital.
Valmont Industries (NYSE: VMI) will hold its fourth quarter and full year 2021 earnings conference call on February 17, 2022, at 8:00 a.m. CST. A release detailing the financial results will be issued after market close on February 16, 2022. CEO Stephen G. Kaniewski and CFO Avner M. Applbaum will lead the call, which can be accessed via telephone or webcast. A replay of the event will be available thereafter until February 24, 2022. Valmont Industries has been a leader in infrastructure and agricultural productivity for over 75 years.
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