Valmont Industries (VMI)

Valmont Industries Inc. is a global leader, designing and manufacturing engineered products and services that support global infrastructure development and agricultural productivity. Its products for infrastructure serve highway, transportation, wireless communication, electric transmission, and industrial construction and energy markets. Its irrigation equipment and services for large-scale agriculture improve farm productivity while conserving fresh water resources. In addition, Valmont provides coatings services that protect against corrosion and improve the service life of steel and other metal products.

Company profile

Ticker

VMI

Exchange

NYSE

Website

www.valmont.com

CEO

Stephen Kaniewski

Incorporated

Delaware

Location

Nebraska

Fiscal year end

Dec 31

Sector

Manufacturing > Fabricated Structural Metal Manufacturing

Industry (SIC)

Fabricated Structural Metal Products

Arcosa • Innovate • Gulf Island Fabrication • Proto Labs • Fathom Digital Manufacturing • Telidyne • Fast Radius • Techprecision • Emerge Health International • Innovest Global ...

SEC CIK

0000102729

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

AgSense, LLC • Aircon Guardrails Private Limited • Armorflex International Limited • Delta Electrical & Engineering B.V. • Delta Ltd. • George Industries, Inc. • Industrial Galvanizers America Holdings, Inc. • Locker Group Holdings • Matco Sevices, Inc. • PiRod, Inc. ...

IRS number

470351813

VMI stock data

1M 1Y 5Y

News

From Benzinga Pro

Valmont Industries Q2 Adj. EPS $3.70 Beats $3.30 Estimate, Sales $1.14B Beat $998.79M Estimate

20 Jul 22

Valmont Industries (NYSE:VMI) reported quarterly earnings of $3.70 per share which beat the analyst consensus estimate of $3.30 by 12.12 percent. This is a 20.92 percent increase over earnings of $3.06 per share from the

Earnings Scheduled For July 20, 2022

20 Jul 22

Companies Reporting Before The Bell • Wipro (NYSE:WIT) is projected to report quarterly earnings at $0.08 per share on revenue of $2.80 billion.

Earnings Preview: Valmont Industries

19 Jul 22

Valmont Industries (NYSE:VMI) is set to give its latest quarterly earnings report on Wednesday, 2022-07-20. Here's what investors need to know before the announcement. Analysts estimate that Valmont Industries will report an earnings per share (EPS) of $3.30.

Stifel Maintains Buy on Valmont Industries, Lowers Price Target to $267

18 Jul 22

Benzinga's Top Ratings Upgrades, Downgrades For June 3, 2022

3 Jun 22

Press releases

From Benzinga Pro

Valmont Board Declares Quarterly Dividend

26 Jul 22

Valmont Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced that its Board of Directors has

Valmont Reports Second Quarter 2022 Results and Raises Full-Year Guidance

20 Jul 22

Achieved Record Sales and Earnings per Share Valmont Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology,

Valmont Industries, Inc. Announces Second Quarter 2022 Earnings Call

6 Jul 22

Analyst ratings and price targets

Last 3 months

Average target

$282.00

Low target

$267.00

High target

$297.00

Calendar

27 Jul 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart VMI financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	154.58M	154.58M	154.58M	154.58M	154.58M	154.58M
Cash burn (monthly)	(no burn)	3.73M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	5.94M	n/a	n/a	n/a	n/a
Cash remaining	n/a	148.64M	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	39.9	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

VMI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
2 Aug 22	Stephen G Kaniewski	Common Stock	Sell	Dispose S	No	No	272.2	100	27.22K	43,844
2 Aug 22	Stephen G Kaniewski	Common Stock	Sell	Dispose S	No	No	271.59	530	143.94K	43,944
2 Aug 22	Stephen G Kaniewski	Common Stock	Sell	Dispose S	No	No	270.43	3,562	963.27K	44,474
2 Aug 22	Stephen G Kaniewski	Common Stock	Sell	Dispose S	No	No	269.42	2,705	728.78K	48,036
2 Aug 22	Stephen G Kaniewski	Common Stock	Sell	Dispose S	No	No	268.43	5,179	1.39M	50,741
2 Aug 22	Stephen G Kaniewski	Common Stock	Option exercise	Acquire M	No	No	151.9	12,076	1.83M	55,920
2 Aug 22	Stephen G Kaniewski	NQSO Common Stock	Option exercise	Dispose M	No	No	151.9	12,076	1.83M	0
27 Jul 22	Milliken James B.	Common stock	Grant	Dispose A	No	No	255.65	820	209.63K	6,916
29 Jun 22	Diane M Larkin	Common Stock	Payment of exercise	Dispose F	No	No	222.02	66	14.65K	2,303
28 May 22	Laterreur Claudio	Common Stock	Payment of exercise	Dispose F	No	No	264.5	8	2.12K	2,436

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

VMI institutional ownership history Ownership history

88.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	297	283	+4.9%
Opened positions	33	36	-8.3%
Closed positions	19	34	-44.1%
Increased positions	100	100	–
Reduced positions	106	98	+8.2%

13F shares	Current	Prev Q	Change
Total value	4.52B	4.61B	-2.0%
Total shares	18.84M	18.33M	+2.8%
Total puts	13K	3.7K	+251.4%
Total calls	6.4K	6.8K	-5.9%
Total put/call ratio	2.0	0.5	+273.3%

Largest owners	Shares	Value	Change
Vanguard	1.88M	$448.9M	-3.6%
BLK Blackrock	1.73M	$413.12M	+2.0%
FMR	1.22M	$290.49M	+0.6%
ATAC Neuberger Berman	1.01M	$241.53M	+3.6%
IPXAF Impax Asset Management	987.88K	$235.71M	+20.9%
Artisan Partners Limited Partnership	871.51K	$207.94M	+0.1%
IVZ Invesco	726.94K	$173.45M	-8.6%
STT State Street	596.01K	$142.53M	+1.1%
Dimensional Fund Advisors	464.03K	$110.72M	-1.0%
King Luther Capital Management	425.26K	$101.47M	-0.0%

Largest transactions	Shares	Bought/sold	Change
Amundi	315.49K	+300.15K	+1955.7%
JPM JPMorgan Chase & Co.	245.24K	+207.37K	+547.5%
Norges Bank	0	-179.61K	EXIT
IPXAF Impax Asset Management	987.88K	+170.85K	+20.9%
MCQEF Macquarie	252.09K	-112.51K	-30.9%
Cramer Rosenthal MCGLYNN	360.89K	-81.95K	-18.5%
Schroder Investment Management	275.63K	-80.81K	-22.7%
Vanguard	1.88M	-70.83K	-3.6%
IVZ Invesco	726.94K	-68.1K	-8.6%
Harvey Partners	89K	+62K	+229.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Amerityre • Telidyne

Risks

The ultimate consumers of our products operate in cyclical industries that have been subject to significant downturns which have adversely impacted our sales in the past and may again in the future.
Changes in prices and reduced availability of key commodities such as steel, aluminum, zinc, natural gas and fuel may increase our operating costs and likely reduce our net sales and profitability.
Demand for our infrastructure products including coating services is highly dependent upon the overall level of infrastructure spending.
We are subject to currency fluctuations from our international sales, which can negatively impact our reported earnings.
COVID-19 has impacted and is expected to continue to impact our business, including the supply chain, product demand, logistics, and facility operations and the duration, unknown at this time, of the challenges associated with the virus may result in significant adverse effects on our business, financial condition and results of operations.
Design patent litigation related to guardrails could reduce demand for such products and raise litigation risk.
Failure to comply with any applicable anti-corruption legislation could result in fines, criminal penalties and an adverse effect on our business.
We could incur substantial costs as the result of violations of, or liabilities under, environmental laws.
We assumed an underfunded pension liability as part of the 2010 Delta acquisition and the combined company may be required to increase funding of the plan and/or be subject to restrictions on the use of excess cash.
We face strong competition in our markets.
We may not realize the improved operating results that we anticipate from acquisitions we may make in the future, and we may experience difficulties in integrating the acquired businesses or may inherit significant liabilities related to such businesses.

Management Discussion

The increase in net sales in 2021, as compared with 2020, was due to higher sales in all segments. The changes in net sales in 2021, as compared with 2020, were as follows:
Volume effects are estimated based on a physical production or sales measure. Since products we sell are not uniform in nature, pricing and mix relate to a combination of changes in sales prices and the attributes of the product sold. Accordingly, pricing and mix changes do not necessarily result in operating income changes.
Average steel prices for both hot rolled coil and plate were higher in 2021, as compared to 2020, contributing to higher cost of sales and lower gross profit margin for the Utility and Irrigation segments and the overall Company as raw material cost inflation was not fully recovered through selling pricing mechanisms.

Content analysis

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