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
Website
CEO
Stephen Kaniewski
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Arcosa • HC2 • Gulf Island Fabrication • Proto Labs • Telidyne • Techprecision • Metwood • Innovest Global ...
SEC CIK
Corporate docs
IRS number
470351813
VMI stock data
()
News
12 Industrials Stocks Moving In Thursday's Intraday Session
22 Apr 21
Price Over Earnings Overview: Valmont Industries
22 Apr 21
Valmont Industries: Q1 Earnings Insights
21 Apr 21
Valmont Industries Q1 EPS $2.57 Beats $2.12 Estimate, Sales $774.90M Beat $756.27M Estimate
21 Apr 21
Earnings Scheduled For April 21, 2021
21 Apr 21
Calendar
24 Feb 21
22 Apr 21
26 Dec 21
Financial summary
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Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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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 |
Recent insider trades
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 |
Institutional ownership Q4 2020
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 |
---|---|
Total holders | 281 |
Opened positions | 55 |
Closed positions | 19 |
Increased positions | 65 |
Reduced positions | 106 |
13F shares |
Current |
---|---|
Total value | 3.23B |
Total shares | 18.47M |
Total puts | 19.2K |
Total calls | 46.3K |
Total put/call ratio | 0.4 |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 1.87M | $327.11M |
BLK Blackrock | 1.73M | $302.86M |
IPXAF Impax Asset Management | 948.79K | $165.97M |
ATAC Neuberger Berman | 903.61K | $157.68M |
Cramer Rosenthal MCGLYNN | 792.75K | $138.68M |
Victory Capital Management | 579.84K | $101.43M |
Dimensional Fund Advisors | 577.55K | $101.03M |
BK Bank Of New York Mellon | 572.83K | $100.2M |
Schroder Investment Management | 547.55K | $95.78M |
STT State Street | 542.55K | $95.15M |
Financial report summary
?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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Legalese | ||
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Readability |
8th grade Avg
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New words:
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Removed:
achieved, actively, assertion, automated, blended, browser, carryforward, centralized, chemical, complementary, computer, connected, Conversely, customized, depth, desktop, Eastern, element, entail, fabricated, falling, gave, guarantee, Hammonton, holding, Internet, introduced, Jaksich, Jasper, July, Mark, night, provisional, reflected, reinvestment, remeasured, remeasurement, repatriation, represented, restated, running, SAB, SEC, supplementing, tapered, Tehomet, tender, venture, virtually
Financial reports
10-K
2019 FY
Annual report
24 Feb 21
10-Q
2020 Q3
Quarterly report
28 Oct 20
10-Q
2020 Q2
Quarterly report
29 Jul 20
10-Q
2020 Q1
Quarterly report
29 Apr 20
10-K
2019 FY
Annual report
26 Feb 20
10-Q
2019 Q3
Quarterly report
31 Oct 19
10-Q
2019 Q2
Quarterly report
31 Jul 19
10-Q
2018 Q1
Quarterly report
1 May 19
10-K
2018 FY
Annual report
27 Feb 19
10-Q
2018 Q3
Quarterly report
1 Nov 18
Current reports
8-K
Valmont Reports Fourth Quarter and Full Year 2020 Results
17 Feb 21
8-K
Valmont Reports Third Quarter 2020 Results
21 Oct 20
8-K
Departure of Directors or Certain Officers
21 Sep 20
8-K
Operating Performance Improves Despite COVID-19 Disruptions
22 Jul 20
8-K
Valmont Industries, Inc. Investor Presentation June 2020
9 Jun 20
8-K
Valmont Reports First Quarter 2020 Results and Provides Key Assumptions for Remainder of 2020
22 Apr 20
8-K
Departure of Directors or Certain Officers
30 Mar 20
8-K
Regulation FD Disclosure
26 Mar 20
8-K
Results of Operations and Financial Condition
21 Feb 20
8-K
Valmont Reports Fourth Quarter and Full Year 2019 Results
19 Feb 20
Registration and prospectus
424B2
Prospectus for primary offering
11 Jun 18
FWP
Free writing prospectus
8 Jun 18
424B2
Prospectus for primary offering
8 Jun 18
S-3ASR
Automatic shelf registration
15 May 18
S-8
Registration of securities for employees
27 Apr 18
424B2
Prospectus for primary offering
9 Sep 14
FWP
Free writing prospectus
8 Sep 14
424B2
Prospectus for primary offering
7 Sep 14
S-3ASR
Automatic shelf registration
2 Sep 14
S-8
Registration of securities for employees
3 Jun 13
Proxies
DEFA14A
Additional proxy soliciting materials
16 Mar 21
DEF 14A
Definitive proxy
16 Mar 21
DEFA14A
Additional proxy soliciting materials
20 Apr 20
DEFA14A
Additional proxy soliciting materials
19 Mar 20
DEF 14A
Definitive proxy
19 Mar 20
DEF 14A
Definitive proxy
20 Mar 19
DEFA14A
Additional proxy soliciting materials
20 Mar 19
DEF 14A
Definitive proxy
14 Mar 18
DEFA14A
Additional proxy soliciting materials
14 Mar 18
DEF 14A
Definitive proxy
14 Mar 17
Other
SD
Conflict minerals disclosure
1 Jun 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
UPLOAD
Letter from SEC
13 May 18
CORRESP
Correspondence with SEC
26 Apr 18
UPLOAD
Letter from SEC
15 Apr 18
SD
Conflict minerals disclosure
25 May 17
SD
Conflict minerals disclosure
26 May 16
UPLOAD
Letter from SEC
26 Jul 15
CORRESP
Correspondence with SEC
13 Jul 15
Ownership
4
VALMONT INDUSTRIES / Avner M Applbaum ownership change
1 Apr 21
4
VALMONT INDUSTRIES / Aaron M Schapper ownership change
15 Mar 21
4
VALMONT INDUSTRIES / R ANDREW MASSEY ownership change
12 Mar 21
4
VALMONT INDUSTRIES / Teresa M Hecker ownership change
11 Mar 21
4
VALMONT INDUSTRIES / James B. Milliken ownership change
4 Mar 21
4/A
VALMONT INDUSTRIES / Stephen G Kaniewski ownership change
3 Mar 21
4
VALMONT INDUSTRIES / Stephen G Kaniewski ownership change
2 Mar 21
4
VALMONT INDUSTRIES / Aaron M Schapper ownership change
2 Mar 21
4
VALMONT INDUSTRIES / Timothy P Francis ownership change
2 Mar 21
4
VALMONT INDUSTRIES / MOGENS C BAY ownership change
26 Feb 21
Patents
GRANT
Utility
Bolt calibrated angle mainstay for tower construction and method for use
6 Apr 21
The present invention provides a system which allows users to mount multiple pieces of equipment to a tower and it has the unique capability to adjust a steel frame to level without additional equipment.
APP
Utility
System and Method for Analysis of Current and Voltage Levels Within a Center Pivot Irrigation System
18 Mar 21
The present invention provides a system and method for analyzing drive tower current and voltage levels to determine drive wheel status.
APP
Utility
Fire Resistant Composite Pole
18 Mar 21
The present invention provides an improved fire resistant composite pole and a method for producing the same.
GRANT
Utility
System, method and apparatus for securing a traffic delineator
16 Mar 21
A delineator mounting system that includes an octagonal mounting apparatus for mating a traffic delineator to an in-ground mount.
GRANT
Utility
System and method for cascading alignment of independent drive systems
9 Mar 21
The present invention provides a system for aligning drive towers within an irrigation system.
Transcripts
2021 Q1
Earnings call transcript
22 Apr 21
2020 Q4
Earnings call transcript
19 Feb 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
23 Apr 20
2019 Q4
Earnings call transcript
20 Feb 20
2019 Q3
Earnings call transcript
24 Oct 19
2019 Q2
Earnings call transcript
24 Jul 19
2019 Q1
Earnings call transcript
24 Apr 19
2018 Q4
Earnings call transcript
21 Feb 19
Reddit threads
Daily Discussion Thread - April 21st, 2021
21 Apr 21
Daily Discussion Thread - April 20th, 2021
20 Apr 21
Daily Discussion Thread - April 19th, 2021
19 Apr 21
Daily General Discussion and spitballin thread - March 31, 2021
31 Mar 21
Daily Discussion Thread - March 25th, 2021
25 Mar 21
Daily Discussion Thread - March 24th, 2021
24 Mar 21
Daily Discussion Thread - March 23rd, 2021
23 Mar 21
Daily Discussion Thread - March 22nd, 2021
22 Mar 21
Early premarket gappers
18 Feb 21
Early premarket gappers
18 Feb 21