Valmont Industries Reports Second Quarter 2025 Results

Valmont Industries, Inc., a global leader in providing products and solutions to support vital infrastructure and advance agricultural productivity, has released its financial results for the second quarter ended June 28, 2025. The company reported a mix of operational strengths and challenges, with notable developments in various segments.

Financial Highlights

For the second quarter of 2025, Valmont Industries reported net sales of $1.05 billion, a slight increase of 1.0% compared to $1.04 billion in the same period last year. The company experienced growth in Utility, Telecommunications, and International Agriculture, which was offset by declines in Solar and North America Agriculture sales.

Operating income for the quarter was $29.3 million, or 2.8% of net sales, compared to $147.3 million, or 14.2% of net sales, in the second quarter of 2024. Adjusted operating income was $141.4 million, or 13.5% of net sales. The company recorded one-time charges totaling $112.1 million, contributing to a GAAP loss for the quarter.

Operating cash flows increased significantly by 28.1% to $167.6 million, compared to $130.8 million in the prior year. Diluted earnings per share (EPS) were reported at ($1.53), or $4.88 adjusted, compared to $4.91 in the second quarter of 2024.

Business and Operational Highlights

Valmont's Utility segment saw increased sales due to higher volumes and pricing actions, despite lower steel prices. Telecommunications sales also grew, supported by strategic positioning within carrier capital expenditure plans. However, Solar sales declined significantly due to lower volumes, and Lighting & Transportation and Coatings sales were impacted by softer demand in international markets.

In the Agriculture segment, sales increased by 2.7% to $289.4 million, driven by strong growth in the Europe, Middle East, and Africa (EMEA) region and higher volumes in Brazil. North American sales, however, declined due to lower volumes of storm-related replacement sales and continued market softness.

Strategic Initiatives and Corporate Developments

During the quarter, Valmont completed its organizational realignment, resulting in one-time charges aimed at increasing agility and refining the product portfolio. The company returned $113.6 million to shareholders through share repurchases and dividends and invested $32.0 million in capital expenditures to support strategic growth initiatives. Additionally, the company released its 2025 Sustainability Report, highlighting key disclosures and sustainability advancements.

Management's Perspective

President and CEO Avner M. Applbaum commented on the solid operational performance, emphasizing the company's focus on capturing infrastructure demand, expanding international agriculture, and maintaining disciplined capital allocation. Applbaum highlighted the completion of the realignment work and the company's focus on scaling innovation and driving efficiency.

Future Outlook

Valmont has raised its full-year 2025 adjusted diluted EPS outlook to a range of $17.50 to $19.50. The company expects to benefit from lower SG&A costs and continues to focus on strategic growth initiatives and operational efficiencies.

SEC Filing: VALMONT INDUSTRIES INC [ VMI ] - 8-K - Jul. 22, 2025