The EPS beat and guidance raise confirm strong execution in Infrastructure, particularly Utility and Coatings. Monitor the pace of margin expansion as steel/zinc costs stabilize and capacity investments convert to throughput. Agriculture remains a drag internationally, but North America growth is encouraging. The raised guidance suggests confidence in H2 momentum.
Price Chart
Executive Summary
Valmont Industries reported Q3 2026 EPS of $6.24, a 13.8% beat vs consensus of $5.48, on revenue of $1.10B (in line with $1.10B consensus). The company raised its full-year adjusted EPS guidance to $22.75-$23.75 (from $22.25-$23.50) while reaffirming net sales guidance of $4.3-$4.45B. Infrastructure segment sales grew 9.1% driven by 23% growth in North America Utility, while Agriculture sales declined 6.4% due to international weakness. The beat and guidance raise are positive, but the revenue in-line and Agriculture headwinds temper the bullish read.
Key Financial Metrics
Key Facts
- Q3 2026 GAAP diluted EPS $6.24 vs consensus $5.48 (beat by 13.8%)
- Q3 2026 net sales $1.10B, +5.5% YoY, in line with consensus
- Operating income $172.8M, +22.2% YoY; operating margin 15.7% vs 13.5%
- Full-year adjusted EPS guidance raised to $22.75-$23.75 from $22.25-$23.50
- Net sales guidance reaffirmed at $4.3-$4.45B
- Infrastructure sales +9.1% YoY; North America Utility +23.0%
- Agriculture sales -6.4% YoY; North America +15.8%, International -25.3%
- Net leverage ratio ~0.9x; returned $97.2M to shareholders via buybacks and dividends
- Backlog $2.01B, up 21.4% from $1.65B at Dec 2025
Financial Impact
EPS beat of $0.76 (13.8%) vs consensus; guidance raise of $0.50 at midpoint
Risk Factors
- Higher steel and zinc costs pressuring margins if pricing actions/pass-throughs lag
- Agriculture international weakness (Middle East, Brazil) may persist
- North America Telecom volumes declining as carrier spend shifts
- Capacity ramp costs in Utility could temporarily compress margins
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-117126 |
| Document: vmi-20261020x8k.htm | 0001104659-26-117126 |
| Document: 0001104659-26-117126-index-headers.html | 0001104659-26-117126 |
| Document: 0001104659-26-117126-index.html | 0001104659-26-117126 |
| Document: 0001104659-26-117126.txt | 0001104659-26-117126 |
| 8-K Data (Synthetic) | 0001104659-26-117126 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | 8-K | $450.68 $436.96 | ▼ −3.04% | ▼ −3.12% | $436.96 (−3.04%) |
Jul 29, 2026 12w ago | Insider Cluster | $456.29 $496.40 | ▲ +8.79% | ▲ +3.26% | $436.96 (−4.24%) |
Jul 29, 2026 12w ago | Insider Cluster | $456.29 $496.40 | ▲ +8.79% | ▲ +3.26% | $436.96 (−4.24%) |
Jul 21, 2026 14w ago | 8-K | $505.35 $494.81 | ▼ −2.09% | ▼ −0.86% | $436.96 (−13.53%) |
Jun 16, 2026 19w ago | 8-K | $556.51 $568.70 | ▲ +2.19% | ▲ +4.42% | $436.96 (−21.48%) |
Apr 24, 2026 26w ago | 144 | $497.99 $507.08 | ▲ +1.83% | ▲ +1.43% | $436.96 (−12.26%) |
Apr 21, 2026 27w ago | 8-K | $458.77 $497.36 | ▲ +8.41% | ▲ +7.33% | $436.96 (−4.75%) |
Apr 15, 2026 27w ago | 8-K | $401.75 $494.44 | ▲ +23.07% | ▲ +22.09% | $436.96 (+8.76%) |
Apr 9, 2026 28w ago | 8-K | $426.31 $401.75 | ▼ −5.76% | ▼ −8.95% | $436.96 (+2.50%) |
Mar 11, 2026 32w ago | DEFA14A | $429.39 $400.29 | ▼ −6.78% | ▼ −4.59% | $436.96 (+1.76%) |
US Market Status
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