Valmont Q3 profit beats estimates on utility demand

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Sales

$1.10 bln

Q3 Adjusted Net Sales

Miss

$1.10 bln

$1.12 bln (5 Analysts)

Q3 Adjusted EPS

Beat

$6.24

$5.70 (5 Analysts)

Q3 EPS

$6.24

Q3 Adjusted Net Earnings

Beat

$121.05 mln

$111.34 mln (5 Analysts)

Q3 Net Earnings

$121.05 mln


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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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