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Valmont Industries (VMI)
NYSE:VMI
Earnings Data
Report Date
Apr 16, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
4.73Last Year’s EPS
4.32Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a largely positive outlook driven by strong Infrastructure performance—especially Utility—robust cash generation, disciplined capital allocation, strategic acquisitions and constructive 2026 guidance. Headwinds remain in Agriculture (notably Brazil), some near-term pressure in Lighting & Transportation, and execution/ tariff risks that could impact outcomes. Management emphasizes they have accrued for Brazil exposures and expect Agriculture margins to recover in early 2026. On balance, the positive operational momentum and financial strength outweigh the localized challenges.Company Guidance
Strong Adjusted Earnings Performance
Adjusted diluted EPS of $4.92 in Q4, up 28.1% year-over-year; full-year adjusted diluted EPS of $19.09, up 11.1% versus 2024 (GAAP EPS $9.05 included a $78.5M / $3.98 per share tax benefit excluded from adjusted EPS).
Infrastructure Revenue and Utility Strength
Infrastructure sales of $819M in Q4, up 7.2% year-over-year; Utility sales grew 21% driven by favorable pricing, higher volumes and capacity increases; backlog entering 2026 of $1.5B, up 22% year-over-year, largely driven by Utility.
Improved Profitability and Operating Income
Q4 operating income was $149.6M (18.3% of net sales), a 230 basis point improvement driven by pricing, volume in high-value offerings and lower SG&A; full-year operating income $538M (13.1% of revenue) — would be $588M (14.3%) excluding $50M of Brazil-related charges.
Strong Cash Generation and Conservative Leverage
Full-year operating cash flow $457M; Q4 operating cash flow $111M; free cash flow $311M (~90% of net earnings); year-end cash approximately $187M and net debt leverage approximately 1x.
Disciplined Capital Allocation and Shareholder Returns
Deployed $102M to acquire minority JV interests and returned $250M to shareholders (dividends $52M, share repurchases $198M at an average price of $327.65); executed ~$200M of the Board-authorized $700M repurchase program in 2025.
Targeted Capacity Investments with High Incremental Margins
Invested ~$145M CapEx in 2025 (primarily for Utility capacity); planned 2026 CapEx of $170M–$200M directed at Utility capacity expansion; management cites incremental margins on new Utility capacity in mid- to upper-20% range and approaching 30%.
Strategic Acquisitions and Tech Investment
Acquired remaining 40% of ConcealFab and remaining 80% of Rational Mind (strengthening telecom and advanced irrigation controls capability); launched ICON+ control panels and deployed AI-enabled scheduling tools to improve throughput.
2026 Guidance Reflects Growth
2026 guidance: net sales $4.2B–$4.4B and diluted EPS $20.50–$23.50; midpoint implies ~4.8% revenue growth and ~15.2% EPS growth year-over-year, with upside tied to additional Utility revenue and/or improved Ag market conditions.
VMI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $475.33 | $443.96 | -6.60% |
Oct 21, 2025 | $408.30 | $413.85 | +1.36% |
Jul 22, 2025 | $330.74 | $352.32 | +6.53% |
Apr 22, 2025 | $268.04 | $276.74 | +3.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Valmont Industries (VMI) report earnings?
Valmont Industries (VMI) is schdueled to report earning on Apr 16, 2026, After Close (Confirmed).
What is Valmont Industries (VMI) earnings time?
Valmont Industries (VMI) earnings time is at Apr 16, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VMI EPS forecast?
VMI EPS forecast for the fiscal quarter 2026 (Q1) is 4.73.