Valmont Industries, Inc. (VMI) Earnings Call Transcripts

Valmont Industries, Inc.'s Latest Earnings Call - June 16, 2026

Valmont Industries, Inc. (VMI:US) reported strong growth prospects during its Investor Day on June 16, 2026, with a target of achieving $35 of earnings per share (EPS) by 2029, up from previous estimates. The company highlighted a robust pipeline in the utility sector, projecting $1.4 trillion in utility capital expenditures through 2030, with Valmont capturing a $6.7 billion serviceable addressable market. Revenue for the fiscal year is expected to reach $5.4 billion, with operating income anticipated to grow from $473 million in 2023 to $633 million by 2026, reflecting a compound annual growth rate of 10%.

Reported metrics

Guidance from management

Valmont expects to achieve $35 of EPS by 2029, with a revenue target of $5.4 billion. The company plans to allocate approximately $1 billion in capital expenditures primarily towards utility growth opportunities.

What management said

Chris, thanks for the introduction. Good morning, everybody. Jean, thanks again for spending some time with us here. So Chris, and Avner talked about it, $1.4 trillion in utility CapEx to be deployed over the next 5 years. What's driving that?

So we see the 700 terawatt hours. We see the 300 gigawatts of new generation that needs to come on, and I agree it's a staggering number where we see that from a delivery standpoint, 65,000 additional new upgraded line miles. And I guess, to put another kind of relationship on that, if we were to drive from here to L.A. and back you would need to do that almost 13x in order to replicate the 65,000. So exactly big num...

What analysts pressed on

Analysts expressed concerns regarding labor availability as a potential constraint on capacity expansion, with management acknowledging the need to hire significantly to support growth. Additionally, there were questions about the cyclical nature of the agriculture segment and its impact on future performance.

Main topics on the call

• Utility Market Growth — Valmont's utility segment is expected to be the primary growth driver, with management stating, "Utilities are going to spend $1.4 trillion by 2030," and Valmont aims to capture $2.5 billion of this by 2029. This represe...
• Earnings Guidance Increase — Management raised their EPS target to $35 by 2029, stating, "This is a step-up of what you heard from us in the past," indicating increased confidence in their growth strategy.
• Operational Efficiency Improvements — Valmont is focusing on operational efficiency, with management noting, "We created operating leverage within this company," which is expected to enhance earnings quality as growth accelerates.
• Agriculture Segment Challenges — The agriculture segment remains cyclical and has faced challenges, with management acknowledging, "Long term is attractive, but we are bumping along the bottom" in terms of market conditions.

Read the full Valmont Industries, Inc. transcript (June 16, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 55 Valmont Industries, Inc. earnings call transcripts on record, spanning February 20, 2020 to July 21, 2026. Based on this history, Valmont Industries, Inc. reports quarterly. The most recent call on file is dated July 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

VMI

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Construction and Engineering

Calls on record

55

First call

February 20, 2020

Most recent

July 21, 2026

Reporting cadence

quarterly