VMI on NYSE

Valmont Industries

Logo: Valmont, Public domain, via Wikimedia Commons4

Nebraska-based manufacturer of center pivot irrigation systems and utility poles

Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

1946Founded1

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  • TickerVMI on NYSE1
  • Industryindustrial manufacturing1
  • HeadquartersOmaha1
  • Websitewww.valmont.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address15000 Valmont Plaza, Omaha, Ne 681545
  • Filer categoryLarge accelerated filer5

Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

30.2%Gross margin6
10.1%Operating margin6
8.5%Net margin6
0.7%Revenue growth, 20256
21.5%Return on equity6
0.49×Debt to equity6
$311.4MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Utility product Line brought in 37% of the revenue Valmont Industries broke down this way in fiscal 2025.

  1. Utility product Line$1.5B637%up 10% from 2024
  2. Irrigation Equipment and Parts, excluding Technology$919.9M622%down 6% from 2024
  3. Lighting And Transportation$830.3M620%down 6% from 2024
  4. Coatings$353.0M69%up 3% from 2024
  5. Telecommunications$313.9M68%up 25% from 2024
  6. Technology Products and Services$94.5M62%down 3% from 2024
  7. Renewable Energy$81.5M62%down 46% from 2024
Products and services by year
Products and services202320242025
Utility product Line$1.3B$1.4B$1.5B
Irrigation Equipment and Parts, excluding Technology$1.1B$978.8M$919.9M
Lighting And Transportation$916.2M$884.1M$830.3M
Coatings$345.3M$343.7M$353.0M
Telecommunications$252.2M$250.8M$313.9M
Technology Products and Services$112.8M$97.9M$94.5M
Renewable Energy$194.3M$151.4M$81.5M

Business segments

Infrastructure brought in 75% of the revenue Valmont Industries broke down this way in fiscal 2025.

  1. Infrastructure$3.1B675%up 3% from 2024
  2. Agriculture$1.0B625%down 6% from 2024
Business segments by year
Business segments202320242025
Infrastructure$3.0B$3.0B$3.1B
Agriculture$1.2B$1.1B$1.0B

Regions

North America brought in 37% of the revenue Valmont Industries broke down this way in fiscal 2025.

  1. North America$3.0B637%up 4% from 2024
  2. United States$3.0B636%up 4% from 2024
  3. International$1.1B613%down 6% from 2024
  4. Other Countries$705.6M69%down 0% from 2024
  5. Australia$282.3M63%down 9% from 2024
  6. Brazil$159.1M62%down 21% from 2024
Regions by year
Regions202320242025
North America$2.9B$2.9B$3.0B
United States$2.9B$2.9B$3.0B
International$1.3B$1.2B$1.1B
Other Countries$689.2M$708.0M$705.6M
Australia$313.1M$310.1M$282.3M
Brazil$311.4M$200.9M$159.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue70¢$2.9B
  • Research and development1¢$33.0M
  • Selling, general and admin17¢$717.6M
  • Other costs3¢$115.2M
  • Income tax1¢$23.9M
  • Profit9¢$350.3M

Out of $4.1B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending32¢$145.0M
  • Dividends paid11¢$52.5M
  • Share buybacks43¢$198.1M
  • Kept or used elsewhere13¢$60.9M

Out of $456.5M of cash from operations.6

Financial statements

Revenue789106$4.1B in 2025+48% since 2019
0$2.0B$4.0B$6.0B2019: $2.8B$2.8B20192020: $2.9B$2.9B2020+5%2021: $3.5B$3.5B2021+21%2022: $4.3B$4.3B2022+24%2023: $4.2B$4.2B2023−4%2024: $4.1B$4.1B2024−2%2025: $4.1B$4.1B2025+1%
Gross profit789106$1.2B in 2025+82% since 2019
0$500.0M$1.0B$1.5B2019: $682.7M$682.7M20192020: $765.5M$765.5M2020+12%2021: $883.9M$883.9M2021+15%2022: $1.1B$1.1B2022+27%2023: $1.2B$1.2B2023+10%2024: $1.2B$1.2B2024+0%2025: $1.2B$1.2B2025−0%
Operating income789106$415.6M in 2025+82% since 2019
0$200.0M$400.0M$600.0M2019: $227.9M$227.9M20192020: $226.0M$226.0M2020−1%2021: $286.8M$286.8M2021+27%2022: $433.2M$433.2M2022+51%2023: $291.6M$291.6M2023−33%2024: $524.6M$524.6M2024+80%2025: $415.6M$415.6M2025−21%
Net income789106$350.3M in 2025+130% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $152.1M$152.1M20192020: $142.1M$142.1M2020−7%2021: $195.6M$195.6M2021+38%2022: $250.9M$250.9M2022+28%2023: $150.8M$150.8M2023−40%2024: $348.3M$348.3M2024+131%2025: $350.3M$350.3M2025+1%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Net sales$4.1B$4.1B$4.2B
Total cost of sales$2.9B$2.8B$2.9B
Gross profit$1.2B$1.2B$1.2B
Selling, general, and administrative expenses$717.6M$716.6M$768.4M
Impairment of long-lived assets$91.3M$140.8M
Realignment charges$15.4M$35.2M
Operating income$415.6M$524.6M$291.6M
Interest expense-$40.5M-$58.7M-$56.8M
Interest income$8.2M$7.2M$6.2M
Gain on deferred compensation investments$3.6M$3.6M$3.6M
Gain (loss) on divestitures-$4.5M$3.0M
Other-$9.2M-$3.5M-$11.1M
Total other expenses-$37.9M-$55.9M-$55.1M
Earnings before income taxes and equity method investment loss$377.6M$468.7M$236.5M
Current$43.1M$142.6M$108.8M
Deferred-$19.2M-$24.7M-$18.6M
Total income tax expense$23.9M$118.0M$90.1M
Earnings before equity method investment loss$353.8M$350.7M$146.3M
Equity method investment loss-$90.0K-$79.0K-$1.4M
Net earnings$353.7M$350.6M$144.9M
Loss (earnings) attributable to redeemable noncontrolling interests-$3.4M-$2.4M$5.9M
Net earnings attributable to Valmont Industries, Inc.$350.3M$348.3M$150.8M
Basic$16.91$17.31$6.85
Diluted$16.79$17.19$6.78

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Leadership

Who has led Valmont Industries, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (52)

Timeline

  1. Aug 2, 2023New chief executive Avner M. Applbaum becomes CEO14
  2. Nov 18, 2019New chief executive Mark C. Jaksich becomes CEO15
  3. Mar 5, 2018New chief executive Stephen G. Kaniewski becomes CEO16
  4. Dec 16, 2003New chief executive Mogens C. Bay becomes CEO17
  5. Mar 26, 1990Went public Listed on NYSE1
  6. 1946Founded Founded1

Filings

453 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 49 major events, 301 insider forms, 19 large holders, 64 other. The latest 20:

  1. Sep 9, 20264 EDGAR
  2. Sep 9, 20263 EDGAR
  3. Aug 19, 20264 EDGAR
  4. Aug 3, 20264/A EDGAR
  5. Aug 3, 20264 EDGAR
  6. Jul 30, 20264 EDGAR
  7. Jul 29, 20264 EDGAR
  8. Jul 28, 20268-K EDGAR
  9. Jul 28, 202610-Q EDGAR
  10. Jul 27, 2026144 EDGAR
  11. Jul 24, 20264 EDGAR
  12. Jul 21, 20268-K EDGAR
  13. Jun 22, 202611-K EDGAR
  14. Jun 16, 20268-K EDGAR
  15. Jun 1, 20268-K EDGAR
  16. May 29, 2026SD EDGAR
  17. May 7, 20264/A EDGAR
  18. May 7, 20264 EDGAR
  19. May 6, 2026144 EDGAR
  20. Apr 30, 2026SCHEDULE 13G EDGAR

The 453 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

40 open-market trades by officers, directors and large owners since October 2021: 1 buys and 39 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 27, 2026Freye Theodor WernerDirectorSale800$495.00$396.0KForm 4
Jul 23, 2026Schwietz John LExecutive VP and CFOBuy208$486.14$101.1KForm 4
May 6, 2026Campbell Renee LSVP, Capital Markets & RiskSale412$522.45$215.2KForm 4
May 6, 2026Campbell Renee LSVP, Capital Markets & RiskSale412$522.45$215.2KForm 4
Apr 24, 2026BAY MOGENS CDirectorSale17,500$492.34$8.6MForm 4
Oct 23, 2025Colwell James ChristopherPresident, InfrastructureSale375$410.68$154.0KForm 4
Aug 25, 2025Campbell Renee LSVP, Capital Markets & RiskSale670$374.90$251.2KForm 4
Aug 1, 2025Francis Timothy PChief Accounting OfficerSale2,867$358.52$1.0MForm 4
Feb 25, 2025Freye Theodor WernerDirectorSale1,000$348.00$348.0KForm 4
Feb 19, 2025Larkin Diane MEVP, Global OperationsSale3,133$373.36$1.2MForm 4
Dec 2, 2024BAY MOGENS CDirectorSale20,000$348.92$7.0MForm 4
Nov 18, 2024den Daas KajDirectorSale1,000$338.78$338.8KForm 4
Nov 12, 2024Donahue John TimothyGroup President InfrastructureSale2,252$347.55$782.7KForm 4
Nov 4, 2024Francis Timothy PChief Accounting OfficerSale850$320.43$272.4KForm 4
Oct 25, 2024MASSEY R ANDREWVP, Legal and Corp. SecretarySale3,977$315.00$1.3MForm 4
Oct 25, 2024BAY MOGENS CDirectorSale17,000$316.48$5.4MForm 4
Aug 14, 2024Parnell Thomas MitchellEVP, Human ResourcesSale1,800$280.97$505.7KForm 4
Jul 31, 2024Freye Theodor WernerDirectorSale1,600$300.12$480.2KForm 4
Jul 30, 2024Francis Timothy PChief Accounting OfficerSale2,300$298.49$686.5KForm 4
Jul 26, 2024BAY MOGENS CDirectorSale18,000$302.63$5.4MForm 4

All 40 trades can be filtered by person here when JavaScript is on.

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 19 such filings since October 2021, the latest 10:

  1. Apr 30, 2026SCHEDULE 13G
  2. Mar 27, 2026SCHEDULE 13G/A
  3. Apr 4, 2025SCHEDULE 13G/A
  4. Nov 8, 2024SC 13G/A
  5. Oct 21, 2024SC 13G/A
  6. Feb 13, 2024SC 13G/A
  7. Feb 12, 2024SC 13G/A
  8. Feb 1, 2024SC 13G/A
  9. Jan 23, 2024SC 13G/A
  10. May 5, 2023SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,976,054$1.1B0.0%+84,382
Vanguard Portfolio Management LLC854,011$493.3M0.0%−9,255
Vanguard Capital Management LLC844,005$487.5M0.0%−1,429
State Street Corp659,625$381.5M0.0%+14,034
Neuberger Berman Group LLC497,545$287.4M0.2%−158,257
Geode Capital Management, LLC424,196$245.1M0.0%−11,201
Dimensional Fund Advisors LP390,222$225.4M0.0%+726
Earnest Partners LLC381,692$220.5M0.8%−6,997
Invesco Ltd.366,785$211.9M0.0%−64,352
King Luther Capital Management Corp337,838$195.1M0.8%−24,709
Bank Of America Corp /de/303,684$175.4M0.0%+29,957
Sei Investments Co280,023$161.7M0.1%−9,039
Franklin Resources Inc259,068$149.6M0.0%−140,581
Robert B. Daugherty Foundation250,000$144.4M100.0%No change
Vaughan Nelson Investment Management, L.P.247,458$142.9M1.3%−5,147
Fuller & Thaler Asset Management, Inc.246,376$142.3M0.4%New
Norges Bank244,208$141.1M0.0%New
Charles Schwab Investment Management Inc244,104$141.0M0.0%−10,945
Pictet Asset Management Holding SA239,251$138.2M0.1%+236,124
Impax Asset Management Group plc226,080$130.6M0.8%−995
Segall Bryant & Hamill, LLC205,924$118.9M1.4%−16,324
Quantinno Capital Management LP198,423$114.6M0.1%+38,243
Ninety One UK Ltd189,999$109.7M0.2%+28,075
Northern Trust Corp179,741$103.8M0.0%−7,767
Aqr Capital Management LLC178,340$102.4M0.0%−31,456

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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