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VMI Valmont Industries

Valmont Industries, Inc. engages in the manufacturing of engineered fabricated metal products. It operates through the following four segments: Engineered Support Structures, Utility Support Structures, Irrigation and Coatings. The Engineered Support Structures segment produces engineered access systems, highway safety products, and integrated structure solutions for smart cities. The Utility Support Structures segment manufactures steel and concrete pole structures for global utility transmission, distribution and generation platforms primarily in the U.S., and also produces steel energy generation structures and engineered solar tracking solutions sold outside the U.S. The Irrigation segment mechanized irrigation systems and provides water management solutions for large-scale production agriculture, and technology for precision agriculture. The Coatings segment provides global galvanizing, painting and anodizing services to preserve and protect metal products. The company was founded by Robert B. Daugherty in 1946 and is headquartered in Omaha, NE.

Company profile

Ticker
VMI
Exchange
CEO
Stephen Kaniewski
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
470351813

VMI stock data

(
)

Calendar

24 Feb 21
22 Apr 21
26 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 400.73M 400.73M 400.73M 400.73M 400.73M 400.73M
Cash burn (monthly) 14.11M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 55.09M n/a n/a n/a n/a n/a
Cash remaining 345.63M n/a n/a n/a n/a n/a
Runway (months of cash) 24.5 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Mar 21 Avner M Applbaum Common Stock Payment of exercise Dispose F No No 238.08 95 22.62K 2,312
12 Mar 21 Aaron M Schapper Common Stock Payment of exercise Dispose F No No 246.35 1,615 397.86K 8,484
12 Mar 21 Aaron M Schapper Common Stock Payment of exercise Dispose F No No 245.52 2,623 644K 10,099
12 Mar 21 Aaron M Schapper Common Stock Option exercise Aquire M No No 147.31 2,080 306.4K 12,722
12 Mar 21 Aaron M Schapper Common Stock Option exercise Aquire M No No 151.9 3,329 505.68K 10,642
12 Mar 21 Aaron M Schapper NQSO Common Stock Grant Dispose A No No 147.31 2,080 306.4K 4,162
12 Mar 21 Aaron M Schapper NQSO Common Stock Grant Dispose A No No 151.9 3,329 505.68K 0
10 Mar 21 R Andrew Massey Common Stock Sell Dispose S No No 241.5 1,780 429.87K 5,650
10 Mar 21 R Andrew Massey Common Stock Option exercise Aquire M No No 104.47 1,780 185.96K 7,430
10 Mar 21 R Andrew Massey NQSO Common Stock Option exercise Dispose M No No 104.47 1,780 185.96K 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

86.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 281 245 +14.7%
Opened positions 55 28 +96.4%
Closed positions 19 24 -20.8%
Increased positions 65 78 -16.7%
Reduced positions 106 96 +10.4%
13F shares
Current Prev Q Change
Total value 3.23B 8.46B -61.8%
Total shares 18.47M 18.09M +2.1%
Total puts 19.2K 56.1K -65.8%
Total calls 46.3K 23.8K +94.5%
Total put/call ratio 0.4 2.4 -82.4%
Largest owners
Shares Value Change
Vanguard 1.87M $327.11M +4.7%
BLK Blackrock 1.73M $302.86M -0.3%
IPXAF Impax Asset Management 948.79K $165.97M -4.3%
ATAC Neuberger Berman 903.61K $157.68M +5.3%
Cramer Rosenthal MCGLYNN 792.75K $138.68M +8.3%
Victory Capital Management 579.84K $101.43M +13.9%
Dimensional Fund Advisors 577.55K $101.03M -3.0%
BK Bank Of New York Mellon 572.83K $100.2M +3.4%
Schroder Investment Management 547.55K $95.78M -8.0%
STT State Street 542.55K $95.15M +2.9%
Largest transactions
Shares Bought/sold Change
Norges Bank 304.95K +304.95K NEW
Ensign Peak Advisors 18.08K -142.47K -88.7%
Millennium Management 34.79K -139.5K -80.0%
ACK Asset Management 120K +120K NEW
Allianz Asset Management GmbH 102.3K +102.3K NEW
Greenhouse Funds LLLP 102.01K +102.01K NEW
Vanguard 1.87M +83.95K +4.7%
HNNA Hennessy Advisors 79.3K +79.3K NEW
Pioneer Trust Bank N A 87.77K +71.77K +448.7%
Victory Capital Management 579.84K +70.9K +13.9%

Financial report summary

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Competition
AmerityreTelidyne
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 and 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.
  • 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.
  • Regulatory and business developments regarding climate change could adversely impact our operations and demand for our products.
Management Discussion
  • The increase in net sales in 2020, as compared with 2019, was due to higher sales in the Utility and Irrigation segments that were offset by lower sales in the ESS and Coatings segments. The changes in net sales in 2020, as compared with 2019, 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.
  •     Increased project sales for offshore and other complex steel structures, solar tracking solutions, and international Irrigation is the primary contributor to the increase in sales volume for fiscal 2020, as compared to 2019. Average steel prices for both hot rolled coil and plate were lower in North America and China in fiscal 2020, as compared to 2019, contributing to lower average selling prices for the Utility segment.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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