Valmont Industries reported third quarter 2026 results that exceeded top and bottom-line estimates, fueled by record demand in infrastructure markets. The company raised its full-year adjusted EPS guidance to a range of $22.75 to $23.75 while maintaining its annual revenue outlook, as robust growth in utility structures offset continued international agricultural softness.
Key Highlights
- Net sales increased 5.5% year-over-year to $1.10 billion, surpassing analyst estimates of $1.05 billion.
- Adjusted EPS of $6.24 significantly beat the $5.71 consensus, driven by operational efficiencies and improved pricing execution.
- Infrastructure segment revenue rose 9.1% to $882.1 million, led by a 23.0% expansion in North American Utility sales and a 13.8% increase in Coatings.
- Agriculture segment sales fell 6.4% to $226.0 million, missing estimates as a 15.8% gain in North American irrigation (driven by storm replacement activity) was offset by a 25.3% drop in international volumes.