Valmont Q3 profit beats estimates on utility demand

Overview

• U.S. infrastructure and ag products supplier's Q3 net sales rose 5.5% but missed analyst expectations

• Adjusted EPS and adjusted net earnings for Q3 beat analyst expectations

• Company raised full-year 2026 adjusted EPS guidance

Outlook

• Valmont raises 2026 adjusted diluted EPS outlook to $22.75-$23.75 from $22.25-$23.50

• Company maintains 2026 net sales outlook at $4.3-$4.45 bln

• Company expects strong utility and coatings demand to support infrastructure segment growth

Result Drivers

• UTILITY DEMAND - Co said higher North America Utility sales were driven by strong market demand, increased pricing and volumes

• COATINGS GROWTH - North America Coatings sales grew 13.8%, supported by broader infrastructure demand

• AGRICULTURE MIXED - Co said North America Agriculture sales grew due to higher volumes and storm replacement activity, but international sales fell mainly on lower volumes in Middle East and Brazil

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the construction & engineering peer group is "buy"

• Wall Street's median 12-month price target for Valmont Industries, Inc. is $611.50, about 35.2% above its October 19 closing price of $452.25

• The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 24 three months ago

Reuters Recommended Reads

• Oct 20 - 3M lifts annual profit forecast on cost controls, price hikes

• Oct 20 - GE Aerospace raises 2026 profit forecast as services strength drives growth

• Oct 20 - Northrop lifts 2026 profit forecast on strong defense demand, record backlog

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)