The financials
Valmont Industries, Inc. by the numbers
Valmont Industries, Inc. (VMI) reported revenue of $1.03B in Q1 2026 (quarter ended March 28, 2026), up 6.2% from the same quarter a year earlier. That came with a gross margin of 31% and net income of $108M (10% of revenue). For the full year FY2025, revenue was $4.10B (+0.7% year on year) and net income $354M. Its largest product in 2026-Q2 was North America Utility Product Line at $457M, 43% of the disclosed total, just ahead of Agriculture Product Line at 23%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $1.03B | $969M | +6.2% |
| Gross profit | $317M | $291M | +8.9% |
| Operating income | $156M | $128M | +21% |
| Net income | $108M | $87M | +25% |
| Diluted EPS | $5.51 | $4.32 | +28% |
| Product | Revenue | Share |
|---|---|---|
| North America Utility Product Line | $457M | 43% |
| Agriculture Product Line | $244M | 23% |
| North America Lighting And Transportation Product Line | $131M | 12% |
| Service | $111M | 10% |
| North America Coatings Product Line | $69M | 6.5% |
| North America Telecommunications Product Line | $57M | 5.3% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $1.07B (+6.6%)
North America Utility Product Line grew +34% year on yearNorth America Telecommunications Product Line -26% year on year
Segment Latestquarter on quarteryear on year
- North America Utility Product Line$456.7M$456.7MQoQ +7.7%year on year +34%+7.7%+34%
- Agriculture Product Line$243.7M$243.7MQoQ +7.4%year on year -16%+7.4%-16%
- North America Lighting And Transportation Product Line$130.5M$130.5MQoQ +10.0%year on year -2.4%+10.0%-2.4%
- Service$111.2M$111.2MQoQ +3.5%year on year +3.7%+3.5%+3.7%
- North America Coatings Product Line$69.0M$69.0MQoQ +9.3%year on year +17%+9.3%+17%
- North America Telecommunications Product Line$57.0M$57.0MQoQ -7.3%year on year -26%-7.3%-26%
- Coatings--QoQ -year on year ---
- Irrigation Equipment And Parts Excluding Technology--QoQ -year on year ---
- Lighting And Transportation--QoQ -year on year ---
- Renewable Energy--QoQ -year on year ---
- Technology Products And Services--QoQ -year on year ---
- Telecommunications--QoQ -year on year ---
- Utility Product Line--QoQ -year on year ---