Valmont Industries, Inc.
valmont.comWhat Do They Do?
Manufactures engineered structures for utilities and other infrastructure customers, plus irrigation equipment and farm technology for growers.
10-K for FY2025, filed Feb 24, 2026Infrastructure: This segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of…View ↗
Agriculture: This segment consists of the manufacture of center pivot and linear irrigation equipment components for agricultural markets…View ↗
Utility: We design, engineer, and manufacture structures made of steel, pre-stressed concrete, and composites to support the infrastructure…View ↗
Irrigation Equipment and Parts: Under our Valley® brand, we manufacture and distribute center pivot and lateral move irrigation equipment…View ↗
Technology Products and Services: We offer a comprehensive suite of technology solutions designed to enhance agricultural efficiency…View ↗
How Do They Make Money?
Most customers are invoiced when products ship or arrive; some receive advance or progress bills. Utility structure projects earn revenue as work advances, coatings when service is complete, and agriculture technology also brings in subscription revenue.
10-K for FY2025, filed Feb 24, 2026The Company evaluates each customer contract to determine the appropriate revenue recognition model based on its type, terms, and…View ↗
Most customers are invoiced upon shipment or delivery of goods to their specified locations. Contract assets are recognized as revenue is…View ↗
Certain customers are invoiced through advance or progress billings. When the progress toward performance obligations is less than the…View ↗
Steel and concrete structures in the Utility product line are custom engineered to customer specifications. Due to this level of…View ↗
Revenue from structures in the Lighting and Transportation product line and from most Telecommunications products is recognized at a point…View ↗
Revenue from Coatings product line services, including galvanizing and powder coating, is recognized upon completion of the service and…View ↗
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10-K for FY2025, filed Feb 24, 2026
FY2025 revenue by product or service ↗
$4.1B
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10-K for FY2025, filed Feb 24, 2026
$4.1B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Utility
Sold outright
10-K for FY2025, filed Feb 24, 2026 |
37%
FY2022: 28%
|
Utility, FY2025
$1.5B Sources
|
Sold outright |
|
Lighting and Transportation
Sold outright
10-K for FY2025, filed Feb 24, 2026 |
20%
FY2022: 21%
|
Lighting and Transportation, FY2025
$830.3M Sources
|
Sold outright |
|
Coatings
Sold outright
|
8.6%
FY2022: 7.9%
|
Coatings, FY2025
$353M Sources
|
Sold outright |
|
Telecommunications
Sold outright
|
7.7%
FY2022: 7.4%
|
Telecommunications, FY2025
$313.9M Sources
|
Sold outright |
|
Solar
Sold outright
|
2.0%
FY2022: 2.8%
|
Solar, FY2025
$81.5M Sources
|
Sold outright |
|
Irrigation Equipment and Parts
Sold outright
10-K for FY2025, filed Feb 24, 2026 |
22%
FY2022: 28%
|
Irrigation Equipment and Parts, FY2025
$919.9M Sources
|
Sold outright |
|
Technology Products and Services
Recurring
|
2.3%
FY2022: 2.7%
|
Technology Products and Services, FY2025
$94.5M Sources
|
Recurring |
Who Are Their Customers?
Infrastructure products are sold directly by the sales force or through commissioned agents; utility and solar products are typically sold directly. Growers obtain irrigation machines, technology and parts through independent dealers.
10-K for FY2025, filed Feb 24, 2026
Do Revenues Turn Into Profits?
Yes. It kept 9 cents of every revenue dollar as net income in FY2025 and turned 8 cents into free cash flow.
10-K for FY2025, filed Feb 24, 2026
$415.6MView ↗
10-K for FY2025, filed Feb 24, 2026
$350.3MView ↗
10-K for FY2025, filed Feb 24, 2026
$311.4MView ↗
How Are They Changing?
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Jul 28, 2026
Board chair plans to retire, with vice chair set to succeed him
Mogens C. Bay plans to retire at fiscal year-end, and Catherine J. Paglia will become chair.
Sources
8-K, filed Jul 28, 2026
(b) On July 27, 2026, Mogens C. Bay informed the Board of Directors (the “Board”) of Valmont Industries, Inc. (the “Company”) of his…View ↗
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Jul 21, 2026
Raises full-year sales and earnings outlook
Updated outlook lifts the net sales and diluted earnings-per-share ranges.
Sources
8-K, filed Jul 21, 2026
Valmont Reports Second Quarter 2026 Resultsand Raises Full-Year 2026 GuidanceView ↗
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Apr 9, 2026
Appoints John Schwietz as chief financial officer
He succeeds Thomas Liguori.
Sources
8-K, filed Apr 9, 2026
The Board of Directors of Valmont Industries, Inc. appointed John Schwietz as Valmont’s Executive Vice President, Chief Financial Officer…View ↗
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Mar 6, 2026
Appoints KPMG and dismisses Deloitte as auditor
Sources
8-K, filed Mar 6, 2026
On March 3, 2026, following the conclusion of a process managed by the Audit Committee of the Board of Directors of Valmont Industries…View ↗
Growing. Revenue grew 17% in 4 years, from $3.5B in FY2021 to $4.1B in FY2025, about 4% a year.
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