Valmont Reports First Quarter 2026 Results and Raises Full-Year 2026 EPS Guidance

About this update from Valmont Industries, Inc.

OMAHA, Neb., April 21, 2026--(BUSINESS WIRE)--Valmont® Industries, Inc. (NYSE: VMI), a global leader that provides products and solutions to support vital infrastructure and advance agricultural productivity, today reported financial results for the first quarter ended March 28, 2026. President and Chief Executive Officer Avner M. Applbaum commented, "We delivered a strong start to 2026, including record first-quarter earnings per share, reflecting solid sales growth and margin expansion driven primarily by pricing strength and higher volumes in North America Utility. This performance reflects the team’s focus on value-based pricing, a disciplined commercial approach, and continued progress on our capacity and throughput initiatives. We are advancing our strategy and key value drivers to support sustainable growth and long-term shareholder value. "In Infrastructure, demand in North America Utility remains underpinned by long-term investment trends, including rising energy demand, grid modernization, and electrification. As we move through the year, growth is supported by our capacity investments and strong operational and commercial execution. "In Agriculture, we are managing through a more cautious near-term market environment, with an emphasis on profitability. We continue to position the business for future growth through investment in aftermarket parts and technology solutions that improve water efficiency and enhance grower productivity." First Quarter 2026 Highlights (all metrics compared to First Quarter 2025 unless otherwise noted) First Quarter 2026 Segment Review (all metrics compared to First Quarter 2025 unless otherwise noted) Infrastructure (78.0% of Net Sales) Products and solutions to serve the infrastructure markets of utility, lighting, transportation, and telecommunications, along with coatings services to protect metal products Sales increased 14.1% to $805.9 million, compared to $706.2 million. Infrastructure end markets remain strong supporting 27.4% growth in North America Utility and a 13.3% increase in North America Coatings sales driven by favorable pricing and higher volumes. International sales increased due to favorable foreign exchange. These increases were partially offset by lower volumes in North America Lighting and Transportation and North America Telecommunications. Operating income increased 22.0% t...

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