- Valmont Industries (VMI, Financial) reports Q1 2025 results with steady earnings per share at $4.32.
- Infrastructure sales decreased 2.4%, while Agriculture sales increased 3.3%.
- The company reaffirmed its full-year 2025 revenue guidance of $4.0 to $4.2 billion.
Valmont Industries, Inc. (VMI), a leader in providing infrastructure products and solutions, announced its financial results for the first quarter of 2025. The company reported a small decline in net sales by 0.9% to $969.3 million, compared to $977.8 million in the same period in 2024. Diluted earnings per share remained unchanged at $4.32.
In the Infrastructure segment, which accounts for 72.6% of Valmont's net sales, revenue fell by 2.4% to $706.2 million from $723.6 million in the first quarter of the previous year. The decline was attributed to lower sales in solar and North American agriculture markets, despite growth in utility and telecommunications sales.
Conversely, the Agriculture segment saw a 3.3% increase in sales to $267.3 million, primarily driven by significant growth in the Europe, Middle East, and Africa (EMEA) region as well as Brazil. However, this was partially offset by continued softness in the North American market.
Valmont also increased its quarterly dividend by 13% to $0.68 per share, marking an annualized dividend of $2.72 per share. The company reaffirmed its full-year 2025 net sales guidance of $4.0 to $4.2 billion, expecting capital expenditures between $140 to $160 million and maintaining a leverage ratio of approximately 1.0x.
CEO Avner M. Applbaum noted the company's resilience amidst economic uncertainties, emphasizing strong infrastructure and international agriculture performance, while remaining agile in managing fluctuating market conditions and tariffs.
