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Valmont Industries VMI Q2 2026 earnings

Reported July 21, 2026 · Before market open

Revenue$1.1BBeat by $25.0M
EPS$11.65Beat by $5.89
Revenue estimate$1.1B
EPS estimate$5.76
Valmont delivered solid second quarter results, demonstrating the execution of our strategy and the strength of our market-leading businesses. In North America Utility and Coatings, commercial excellence, pricing discipline, and ongoing investments in capacity and operations drove another quarter of strong performance. Building on this momentum, we will continue strengthening our operations while leveraging our competitive advantages to capture the significant opportunities ahead. In Agriculture, we continue to navigate challenging market conditions through pricing discipline, operational execution, and cost management while investing in aftermarket solutions and technologies that improve grower productivity and reinforce our competitive advantage. These investments position the business to accelerate growth as market conditions improve.
Avner M. Applbaum

Next report

Oct 20, 2026 (in a month)
Revenue estimate$1.1B
EPS estimate$5.72

Financials

Q2 2026

Income statement

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Revenue$1.1B+6.5%
Gross profit$340.8M+6.1%
Operating income$166.1M+467%
Net income$119.9M+3,083%
EPS (diluted)$6.14+501%

Balance sheet

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Cash & equivalents$139.1M-33.3%
Total debt$871.7M+1.2%
Total equity$1.7B+12.9%
Total assets$3.5B+3.6%

Cash flow

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Operating cash flow$148.1M-11.6%
CapEx$35.9M+12.3%
Free cash flow$112.2M-17.3%

Valuation & ratios

Valuation

as of 09/16/26
See full
Market cap$9.14B+23.8%
Enterprise value$9.88B+22.8%
P/E18.5×-11.8×
P/S2.2×+0.3×

Profitability

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Gross margin30.4%+0.3pp
Operating margin13.7%+3.8pp
Net margin11.7%+5.7pp
FCF margin7.6%-5.7pp

Returns & leverage

See full
Return on equity30.4%+14.1pp
Debt / equity0.5×-0.1×
Current ratio2.4×+0.2×

Segments

By product

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North America Utility Product Line$456.7M+33.9%
Agriculture Product Line$242.0M-15.8%
International Infrastructure And Solar Product Line$165.7M+7.5%
North America Lighting And Transportation Product Line$130.5M-2.4%
North America Coatings Product Line$66.8M+17.6%

By segment

See full
Infrastructure$878.9M+14.8%
Agriculture$243.7M-15.8%

FAQ

When did Valmont Industries report Q2 2026 earnings?
Valmont Industries (VMI) reported Q2 2026 earnings on July 21, 2026 before market open.
What were Valmont Industries's Q2 2026 revenue and EPS?
Valmont Industries reported revenue of $1.1B and eps of $11.65 for Q2 2026.
Did Valmont Industries beat estimates in Q2 2026?
Revenue beat the consensus estimate of $1.1B by $25.0M. EPS beat the consensus estimate of $5.76 by $5.89.
Where can I find Valmont Industries's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001104659-26-085223) and the 10-Q periodic report (0000102729-26-000044) directly on SEC EDGAR. The filing index links above go to sec.gov.