Valmont signals path to $35 EPS by 2029 as it raises 2026 adjusted EPS to $22.75-$23.75 (NYSE:VMI)

Valmont Industries reported Q3 2026 earnings, highlighting 23% growth in North America Utility and 16% in Agriculture. Infrastructure backlog reached $1.8B, while Telecom declined 33.8%. Operating margins expanded 22bps despite cost pressures. Management expects Q4 earnings to moderate due to input cost pressures and anticipates margin stabilization in 2027. They plan to double growth capital investment in 2027 for utility and coatings capacity expansion.

Valmont Industries (VMI) reported Q3 infrastructure backlog of $1.8B, driven by utility investments. The company expects growth capital investment to double in 2027. Q3 infrastructure operating income rose to $154.8M, but margins declined slightly. Agriculture sales fell 6.4%, though margins improved. VMI reaffirmed 2026 sales outlook but raised EPS guidance to $22.75-$23.75.

Valmont Industries (VMI) reported Q3 2026 net sales of $1.10B, up 5.5% YoY, and EPS of $6.24, up 25.3% YoY, beating EPS estimates but missing revenue forecasts. Infrastructure demand, especially in North American utilities, drove growth, while agriculture faced challenges. The company raised full-year EPS guidance but cautioned about Q4 margins due to higher steel costs and segment headwinds. Shares traded down 1.74% post-earnings.

Valmont Industries (VMI) reported Q3 net income of $121.05M, up from $99.03M YoY, with EPS at $6.24. Operating income rose to $172.83M, and net sales increased to $1.10B. The company raised its FY26 adjusted EPS outlook to $22.75-$23.75. VMI shares closed 1.74% higher at $452.25 on Monday.

Valmont reported Q3 2026 revenue of $1.10 billion, missing estimates by 1.3% but beating on adjusted EPS and EBITDA. The company reconfirmed its full-year revenue guidance of $4.38 billion and raised adjusted EPS guidance to $23.25, a 1.4% beat. Operating margin improved to 15.7%, while free cash flow margin declined to 5%. Backlog grew 16.1% year on year to $2.01 billion.

Valmont Industries reported Q3 2026 revenue of $1.104B, operating income of $172.8M, and raised its 2026 adjusted EPS guidance to $22.75–$23.75. The company's infrastructure segment drove growth, while agriculture sales declined. Valmont generated $100.5M in operating cash flow and returned $97.2M to shareholders.