VMI NYSE Russell 1000 Earnings call
Valmont Industries (VMI) · Q2 2026 results and valuation
Share price: $424.83 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 21 Jul 2026 and 21 Apr 2026
Net income up 11.0% on the previous quarter, guidance raised. Management sounded upbeat, though noticeably less so answering analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
+11.0%
Net income vs Q1 2026
Guidance raised
Net income 119.9M vs 108.0M
Revenue +8.7%
2 · How management spoke
Upbeat
More upbeat than 73% of company calls
Answers to analysts: restrained, but clearly less so than the script.
Last call it was different: script and answers matched.
3 · What stood out
Guidance ↑
Infrastructure sales outlook raised to $3.4 billion to $3.5 billion, with agriculture outlook maintained.
Valuation
Is Valmont Industries undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-12-27), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At −1.9% growth a year (3-year revenue growth), the model's fair value is $130.36 a share — the stock trades 226% above it. Today's price assumes 12.4% growth a year.
Current price
$424.83
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+12.4% for 10 yrs
Fair value / share
$130.36
Buy below
$97.77
Price vs fair value
Overvalued >200%
Price vs buy-below price
Overvalued >200%
Read between the lines
-
Guidance
Valmont expects volume growth to remain healthy through the balance of the year.
Source quote
“We expect volume growth to remain healthy through the balance of the year.”
-
Figure
Net sales reached $1.12 billion, an increase of 6.5% year over year.
Source quote
“Net sales of $1.12 billion increased by 6.5% year over year.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Management sounded noticeably less positive answering analysts than in its prepared script — a bigger drop than in 87% of calls. Scripts are polished in advance; a drop under questioning often marks the topics analysts pressed on, so the answers deserve a closer read than the script.
Sentences that drove the tone
“We are investing where we see the greatest opportunities to create value, especially in utility, where capacity expansion and throughput improvements are supporting profitable growth.”
“In delivered another high quality quarter led by 34% growth in North America utility, and 17% growth in coatings.”
“Net sales increased 6.5% adjusted operating margins expanded 130 basis points, and adjusted earnings per share grew 25.8%.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-27)
| Metric | Q2 2026period end 2026-06-27 | Q1 2026period end 2026-03-28 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 1.12B | 1.03B | +8.7% | 1.05B | +6.5% |
| Gross profit | 340.8M | 316.9M | +7.6% | 321.2M | +6.1% |
| Operating income | 166.1M | 155.6M | +6.7% | 29.3M | +467.4% |
| Net income | 119.9M | 108.0M | +11.0% | -4.0M | Turned profit |
| EPS | 6.14 | 5.51 | +11.4% | -1.53 | Turned profit |
| P/E today 18.6 | 22.2 | 21.8 | +0.4 | 30.9 | −8.7 |
Topics
Most discussed now
- New Valmont has a very large install base to support its aftermarket and technology.
- Its results demonstrate that the investments Valmont is making, the operational improvements it is implementing, and its capital…
- Despite challenging market conditions, While sales remained under pressure, disciplined pricing, and cost management drove another quarter…
- North America utility sales increased 33.9% driven by higher pricing and volume growth supported by a robust market environment.
- North America telecom sales decreased 26.1% reflecting lower carrier spending as customers shifted capital allocation priorities.
Faded since Q1 2026
- Dropped Valmont has best lead times in the industry right now between 42 to 44 weeks on its bid market.
- Fading Valmont's capacity expansion plans are on track, and these actions are driving improvements in throughput and overall operational…
- Fading Operating income increased to $155.6 million and operating margins improved 190 basis points to 15.1%, reflecting stronger performance in…
- Fading These priorities are guiding how Valmont invests in capacity, strengthen its product and technology offerings and align its cost…
Latest announcements
Official filings, newest first.
- Director or officer change · SEC 8-K
- Results of operations · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Director or officer change · SEC 8-K
- Results of operations · SEC 8-K
- Director or officer change · SEC 8-K
- Director or officer change · SEC 8-K
- Auditor change · SEC 8-K