Valmont Q3 profit beats estimates on utility demand
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: ID:nBw90sLTka
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
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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.)