VMI on NYSE
Valmont Industries
Logo: Valmont, Public domain, via Wikimedia Commons5
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. Their corporate office is in Omaha, Nebraska. Their plant and irrigation department is in Valley, Nebraska.3 Its shares trade on NYSE under the symbol VMI.1 Wikipedia text CC BY-SA 4.0
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Last updated Oct 21, 2026.
Overview
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- TickerVMI on NYSE1
- Industryindustrial manufacturing1
- HeadquartersOmaha1
- Websitewww.valmont.com
- Legal formDelaware corporation1
- Incorporated inDE6
- Business address15000 Valmont Plaza, Omaha, Ne 681546
- Filer categoryLarge accelerated filer6
- LEI5493009ZGZJJ8F77JN084
- StatusActive4
- LEI statusIssued and current4
- Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
- Registered withDivision of Corporations, Department of State, 8041944
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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
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.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| 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.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| 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.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| 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.8
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.8
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| 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 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $187.1M | $164.3M | ||
| Receivables, less allowance of $54,991 and $30,408, respectively | $590.1M | $654.4M | ||
| Inventories | $566.4M | $590.3M | ||
| Contract assets | $266.9M | $187.3M | ||
| Income taxes receivable | $38.4M | $4.8M | ||
| Prepaid expenses and other current assets | $70.7M | $82.4M | ||
| Total current assets | $1.7B | $1.7B | ||
| Property, plant, and equipment, at cost | $1.6B | $1.5B | ||
| Less accumulated depreciation | -$966.7M | -$913.0M | ||
| Property, plant, and equipment, net | $673.9M | $589.0M | ||
| Goodwill | $571.0M | $623.8M | $633.0M | |
| Other intangible assets, net | $121.3M | $134.1M | ||
| Defined benefit pension asset | $39.7M | $46.5M | ||
| Operating lease right-of-use assets | $139.9M | $146.9M | ||
| Deferred compensation investments | $29.6M | $27.4M | ||
| Non-current deferred tax asset | $57.8M | $37.9M | ||
| Other non-current assets | $16.6M | $41.0M | ||
| Total assets | $3.4B | $3.3B | ||
| Current installments of long-term debt | $513.0K | $692.0K | ||
| Notes payable to banks | $1.7M | |||
| Mandatorily redeemable financial instrument | $8.9M | |||
| Accounts payable | $359.5M | $372.2M | ||
| Accrued employee compensation and benefits | $128.2M | $143.0M | ||
| Contract liabilities | $52.0M | $126.9M | ||
| Other accrued expenses | $156.6M | $132.4M | ||
| Income taxes payable | $12.6M | $22.5M | ||
| Dividends payable | $13.3M | $12.0M | ||
| Total current liabilities | $731.6M | $811.4M | ||
| Deferred income taxes | $5.3M | $6.3M | ||
| Long-term debt, excluding current installments | $795.1M | $729.9M | ||
| Operating lease liabilities | $130.0M | $134.5M | ||
| Deferred compensation liabilities | $29.6M | $27.4M | ||
| Other non-current liabilities | $35.3M | $26.7M | ||
| Total liabilities | $1.7B | $1.7B | ||
| Redeemable noncontrolling interests | $9.5M | $51.5M | ||
| Common stock of $1 par value, authorized 75,000,000 shares; issued 27,900,000 shares | $27.9M | $27.9M | ||
| Retained earnings | $3.2B | $2.9B | ||
| Accumulated other comprehensive loss | -$290.5M | -$332.8M | ||
| Treasury stock | -$1.3B | -$1.1B | ||
| Total shareholders' equity | $1.6B | $1.5B | $1.4B | $1.6B |
| Total liabilities, redeemable noncontrolling interests, and shareholders' equity | $3.4B | $3.3B | ||
| Receivables allowance | $55.0M | $30.4M | ||
| Common stock, par value (in dollars per share) | $1.00 | $1.00 | ||
| Common stock, authorized shares (in shares) | 75.0M shares | 75.0M shares | ||
| Common stock, issued shares (in shares) | 27.9M shares | 27.9M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $187.1M | $164.3M | ||
| Receivables, less allowance of $54,991 and $30,408, respectively | $590.1M | $654.4M | ||
| Inventories | $566.4M | $590.3M | ||
| Contract assets | $266.9M | $187.3M | ||
| Income taxes receivable | $38.4M | $4.8M | ||
| Prepaid expenses and other current assets | $70.7M | $82.4M | ||
| Total current assets | $1.7B | $1.7B | ||
| Property, plant, and equipment, at cost | $1.6B | $1.5B | ||
| Less accumulated depreciation | -$966.7M | -$913.0M | ||
| Property, plant, and equipment, net | $673.9M | $589.0M | ||
| Goodwill | $571.0M | $623.8M | $633.0M | |
| Other intangible assets, net | $121.3M | $134.1M | ||
| Defined benefit pension asset | $39.7M | $46.5M | ||
| Operating lease right-of-use assets | $139.9M | $146.9M | ||
| Deferred compensation investments | $29.6M | $27.4M | ||
| Non-current deferred tax asset | $57.8M | $37.9M | ||
| Other non-current assets | $16.6M | $41.0M | ||
| Total assets | $3.4B | $3.3B | ||
| Current installments of long-term debt | $513.0K | $692.0K | ||
| Notes payable to banks | $1.7M | |||
| Mandatorily redeemable financial instrument | $8.9M | |||
| Accounts payable | $359.5M | $372.2M | ||
| Accrued employee compensation and benefits | $128.2M | $143.0M | ||
| Contract liabilities | $52.0M | $126.9M | ||
| Other accrued expenses | $156.6M | $132.4M | ||
| Income taxes payable | $12.6M | $22.5M | ||
| Dividends payable | $13.3M | $12.0M | ||
| Total current liabilities | $731.6M | $811.4M | ||
| Deferred income taxes | $5.3M | $6.3M | ||
| Long-term debt, excluding current installments | $795.1M | $729.9M | ||
| Operating lease liabilities | $130.0M | $134.5M | ||
| Deferred compensation liabilities | $29.6M | $27.4M | ||
| Other non-current liabilities | $35.3M | $26.7M | ||
| Total liabilities | $1.7B | $1.7B | ||
| Redeemable noncontrolling interests | $9.5M | $51.5M | ||
| Common stock of $1 par value, authorized 75,000,000 shares; issued 27,900,000 shares | $27.9M | $27.9M | ||
| Retained earnings | $3.2B | $2.9B | ||
| Accumulated other comprehensive loss | -$290.5M | -$332.8M | ||
| Treasury stock | -$1.3B | -$1.1B | ||
| Total shareholders' equity | $1.6B | $1.5B | $1.4B | $1.6B |
| Total liabilities, redeemable noncontrolling interests, and shareholders' equity | $3.4B | $3.3B | ||
| Receivables allowance | $55.0M | $30.4M | ||
| Common stock, par value (in dollars per share) | $1.00 | $1.00 | ||
| Common stock, authorized shares (in shares) | 75.0M shares | 75.0M shares | ||
| Common stock, issued shares (in shares) | 27.9M shares | 27.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net earnings | $353.7M | $350.6M | $144.9M |
| Depreciation and amortization | $88.5M | $95.4M | $98.7M |
| Contribution to defined benefit pension plan | -$3.2M | -$19.6M | -$17.3M |
| Impairment of long-lived assets | $91.3M | $140.8M | |
| Loss (gain) on divestitures | $4.5M | -$3.0M | |
| Stock-based compensation | $24.3M | $29.9M | $39.2M |
| Net periodic pension cost | $1.1M | $640.0K | $249.0K |
| Loss (gain) on sale of property, plant, and equipment | -$545.0K | $7.6M | $973.0K |
| Equity method investment loss | $90.0K | $79.0K | $1.4M |
| Deferred income taxes | -$19.2M | -$24.7M | -$18.6M |
| Other, net | $2.8M | ||
| Receivables | $82.5M | -$29.5M | -$46.3M |
| Inventories | $39.4M | $45.6M | $88.4M |
| Contract assets | -$79.8M | -$11.8M | -$1.2M |
| Prepaid expenses and other assets (current and non-current) | $21.9M | $613.0K | -$26.2M |
| Accounts payable | -$26.3M | $24.8M | -$10.5M |
| Contract liabilities (current and non-current) | -$80.5M | $63.7M | -$106.9M |
| Accrued expenses | $3.6M | $8.2M | $22.6M |
| Current income taxes | -$43.0M | $18.8M | $13.7M |
| Other non-current liabilities | -$79.0K | $7.8M | -$14.2M |
| Net cash flows from operating activities | $456.5M | $572.7M | $306.8M |
| Purchases of property, plant, and equipment | -$145.0M | -$79.5M | -$96.8M |
| Proceeds from divestitures, net of cash divested | $3.8M | $6.4M | |
| Proceeds from sales of assets | $2.2M | $643.0K | $1.7M |
| Proceeds from property damage insurance claims | $1.4M | $7.5M | |
| Acquisitions, net of cash acquired | -$32.7M | ||
| Other, net | -$1.3M | -$3.9M | -$1.4M |
| Net cash flows from investing activities | -$142.7M | -$78.9M | -$115.3M |
| Proceeds from short-term borrowings | $2.8M | $15.0M | $30.8M |
| Repayments on short-term borrowings | -$4.5M | -$16.5M | -$34.1M |
| Proceeds from long-term borrowings | $215.8M | $30.0M | $370.0M |
| Principal repayments on long-term borrowings | -$151.6M | -$408.1M | -$134.7M |
| Proceeds from settlement of financial derivatives | $2.7M | ||
| Dividends paid | -$52.5M | -$48.4M | -$49.5M |
| Dividends to redeemable noncontrolling interests | -$698.0K | -$664.0K | -$662.0K |
| Purchases of redeemable noncontrolling interests | -$101.8M | -$17.7M | |
| Repurchases of common stock | -$198.1M | -$70.1M | -$345.3M |
| Proceeds from exercises under stock plans | $6.4M | $6.6M | $5.8M |
| Tax withholdings on exercises under stock plans | -$12.9M | -$13.1M | -$18.8M |
| Other, net | -$1.9M | -$2.4M | |
| Net cash flows from financing activities | -$298.9M | -$522.6M | -$176.4M |
| Effect of exchange rate changes on cash and cash equivalents | $7.9M | -$10.0M | $2.5M |
| Net change in cash and cash equivalents | $22.8M | -$38.7M | $17.6M |
| Interest paid | $39.0M | $57.7M | $55.5M |
| Income taxes paid | $84.2M | $125.5M | $103.7M |
No quarter-by-quarter statement was filed.
Corporate structure
Valmont Industries sits at the top of its group. 15 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Valmont Industries
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Valmont Industries, latest Apr 30, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Valmont Industries, latest Mar 27, 2026 (5 filings since Feb 10, 2022)
- Neuberger Berman Filed SCHEDULE 13G/A on Valmont Industries, latest Apr 4, 2025 (3 filings since Feb 10, 2023)
- BlackRock Filed SC 13G/A on Valmont Industries, latest Nov 8, 2024 (6 filings since Feb 1, 2022)
- Invesco Filed SC 13G/A on Valmont Industries, latest Feb 1, 2024 (2 filings since Feb 10, 2023)
- FMR LLC Filed SC 13G/A on Valmont Industries, latest Feb 9, 2023 (2 filings since Feb 9, 2022)
- Valmont Industries Omaha, Nebraska, United States
- CONVERT ITALIA S.P.A. Subsidiary · Roma, Italy
- Delta Ltd. Subsidiary · United Kingdom
- Valmont Australia Pty. Ltd. Subsidiary · Australia
- Valmont Coatings, Inc. Subsidiary · Delaware, United States
- Valmont Composite Structures, Inc. Subsidiary · Colorado, United States
- Valmont Group Holdings Pty. Ltd. Subsidiary · Australia
- Valmont Group Pty. Ltd. Subsidiary · Australia
- Valmont Holdings B.V. Subsidiary · Netherlands
- Valmont Industries Holland B.V. Subsidiary · Netherlands
- Valmont International Holdings, LLC Subsidiary · Delaware, United States
- Valmont Newmark, Inc. Subsidiary · Delaware, United States
- Valmont Queensland Pty. Ltd. Subsidiary · Australia
- VALMONT STRUCTURES PRIVATE LIMITED Subsidiary · Pune, India
- Valmont Telecommunications, Inc. Subsidiary · Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Valmont Industries reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $1.6B8 Dec 27, 2025 | $1.5B8 Dec 28, 2024 | +9.2% |
| Accumulated depreciation | $966.7M8 Dec 27, 2025 | $913.0M8 Dec 28, 2024 | +5.9% |
| Property and equipment, net | $673.9M8 Dec 27, 2025 | $589.0M8 Dec 28, 2024 | +14.4% |
| Operating-lease assets (leased space) | $139.9M8 Dec 27, 2025 | $146.9M8 Dec 28, 2024 | −4.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $187.1M8 Dec 27, 2025 | $164.3M8 Dec 28, 2024 | +13.9% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $571.0M8 Dec 27, 2025 | $623.8M8 Dec 28, 2024 | −8.5% |
| Intangible assets, net (excluding goodwill) | $121.3M8 Dec 27, 2025 | $134.1M8 Dec 28, 2024 | −9.5% |
| Finite-lived intangibles, net | $182.5M8 Dec 27, 2025 | $187.2M8 Dec 28, 2024 | −2.5% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $566.4M8 Dec 27, 2025 | $590.3M8 Dec 28, 2024 | −4.0% |
| Raw materials | $253.6M8 Dec 27, 2025 | $231.8M8 Dec 28, 2024 | +9.4% |
| Work in process | $36.4M8 Dec 27, 2025 | $35.5M8 Dec 28, 2024 | +2.6% |
| Finished goods | $276.4M8 Dec 27, 2025 | $323.0M8 Dec 28, 2024 | −14.4% |
Properties, in its own words
Our corporate headquarters are located in Omaha, Nebraska, and the facility is leased through fiscal 2046. It houses the majority of our executive offices, reportable segment business units, and administrative functions. Most of our significant manufacturing locations are owned or are subject to long-term renewable leases. Our principal manufacturing locations are in Valley, Nebraska; McCook, Nebraska; Tulsa, Oklahoma; Brenham, Texas; Charmeil, France; Uberaba, Brazil; Monterrey, Mexico; Siedlce, Poland; Shanghai, China; and Dubai, United Arab Emirates. All these facilities are owned by us, and we believe that our manufacturing capabilities and capacities are adequate to effectively serve our customers. Our capital spending programs focus on investments for replacement, achieving operational efficiencies, and expanding capacities where necessary. Our principal operating locations by reportable segment are listed below.
Infrastructure segment North American manufacturing operations are located in the following U.S. states, along with operations in Canada and Mexico: Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska, New Jersey, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, and Virginia. The largest operations are in Valley, Nebraska; Brenham, Texas; Tulsa, Oklahoma; and Monterrey, Mexico, all of which are owned facilities. We also have communication component distribution locations in California, Colorado, Florida, Georgia, Indiana, Maryland, Nevada, New York, Oregon, and Texas. Our international operations are located in Australia, China, England, Estonia, Finland, France, India, Indonesia, Italy, Malaysia, the Netherlands, New Zealand, the Philippines, Poland, and Thailand. The largest of these operations are in Charmeil, France, and Shanghai, China, both of which are owned facilities.
The rest of Item 2
Agriculture segment North American manufacturing operations are concentrated in Nebraska. Our principal manufacturing operations serving international markets are in Uberaba, Brazil; Dubai, United Arab Emirates; and Shandong, China. All facilities are owned, except for China, which is leased.
Item 2 of the 10-K filed Feb 24, 2026.16
Leadership
Who has led Valmont Industries, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerAvner M. Applbaum Aug 2, 2023 to now17
- Chief executive officerMark C. Jaksich Nov 18, 2019 to Dec 20, 201918
- Chief executive officerStephen G. Kaniewski Mar 5, 2018 to Mar 16, 202319
- Chief executive officerMogens C. Bay Dec 16, 2003 to Dec 1, 201720
- ChairMogens C. Bay Dec 16, 2003 to Dec 1, 201720
- PresidentGregory Richard Turi Dec 15, 2025 to now21
- PresidentJames Christopher Colwell Dec 15, 2025 to now22
- PresidentJohn Timothy Donahue Feb 28, 2024 to Feb 28, 202523
- PresidentAaron M. Schapper Mar 1, 2023 to Mar 16, 202324
- PresidentAvner M. Applbaum Aug 2, 2023 to Feb 28, 202417
- PresidentBarry Ruffalo Feb 28, 2017 to Feb 28, 201725
- PresidentStephen G. Kaniewski Dec 21, 2016 to Mar 16, 202326
- PresidentVikas Bansal Jul 9, 2014 to Dec 10, 201427
- Chief financial officerJohn L. Schwietz Apr 17, 2026 to now28
- Chief financial officerThomas Liguori Aug 23, 2024 to Apr 17, 202629
- Chief financial officerTimothy P. Francis Jul 14, 2023 to Aug 1, 202430
- Chief financial officerAvner M. Applbaum Mar 31, 2020 to Apr 3, 202331
- Chief financial officerMark C. Jaksich Apr 28, 2015 to Mar 10, 202032
- Chief financial officerTerry McClain Dec 16, 2003 to Dec 3, 201333
- Chief operating officerStephen G. Kaniewski Oct 4, 2016 to Dec 19, 201734
- Chief operating officerVikas Bansal Jul 9, 2014 to Dec 10, 201427
Board members and other officers (52)
- Chief Information OfficerSobharani Mulukutla Mar 20, 2026 to now35
- Pres.-Global TDS, Svc&CoatingJames Christopher Colwell May 20, 2025 to now36
- Pres. Global Solar and TelecomGregory Richard Turi Jun 4, 2025 to now37
- Group Pres. Global AgricultureDarryl R. Matthews Oct 29, 2024 to now38
- SVP, Human ResourcesJennifer Paisley Nov 4, 2024 to now39
- EVP, Corp/Business DevelopmentJohn Timothy Donahue May 3, 2023 to Dec 18, 202340
- SVP, Investor Relations, TreasRenee L. Campbell Mar 8, 2022 to now41
- CAOGene Padgett Nov 3, 2022 to Nov 2, 202342
- EVP InfrastructureAaron M. Schapper May 8, 2020 to May 14, 202443
- EVP, Global OperationsDiane M. Larkin Aug 3, 2020 to Feb 26, 202544
- VP, Global TaxationEllen S. Dasher May 7, 2019 to now45
- VP, Legal and ComplianceR. Andrew Massey May 7, 2019 to now46
- VP Internal AuditTeresa M. Hecker May 7, 2019 to Mar 11, 202147
- SVP, Human ResourcesThomas Mitchell Parnell May 7, 2019 to Aug 15, 202448
- SVP / CIOClaudio Laterreur May 30, 2019 to Mar 1, 202349
- EVP Operational ExcellenceBarry Ruffalo May 8, 2015 to Mar 14, 201750
- VP Info Technology and CIOJohn A. Kehoe May 8, 2015 to Sep 13, 201851
- VP, Controller and CAOTimothy P. Francis Jun 4, 2014 to now52
- Executive Vice PresidentRichard Heyse Jan 9, 2013 to Jan 9, 201353
- VP - ITStephen G. Kaniewski Apr 28, 2011 to Feb 26, 201454
- Executive Vice PresidentTodd G. Atkinson Apr 28, 2011 to Apr 28, 201555
- VP Human ResourcesVanessa Kay Brown Jul 27, 2011 to Dec 20, 201856
- VP Corporate DevelopmentBrian J. Desigio May 7, 2008 to Dec 10, 201457
- VP Human ResourcesJohn G. Graboski Dec 18, 2007 to Feb 23, 201158
- V.P. & Corp. ControllerMark C. Jaksich Aug 11, 2003 to Dec 5, 201759
- VP InformationTechnologySteven G. Branscombe Aug 12, 2003 to Feb 23, 201060
- Sr. V.P. - InternationalE. Robert Meaney Aug 18, 2003 to Apr 29, 201161
- Vice President-Corporate HRAnn Ashford Dec 16, 2003 to Mar 29, 200762
- V.P.-Business Dev.Mark Treinen Dec 16, 2003 to Dec 18, 200763
- VP - ProcurementWalter Pasko Dec 16, 2003 to Dec 10, 201464
- Board memberPaul T. Maass Feb 25, 2026 to now65
- Board memberDeborah H. Caplan Oct 29, 2024 to now66
- Board memberAvner M. Applbaum Aug 2, 2023 to now17
- Board memberJoan Robinson-Berry Sep 24, 2020 to now67
- Board memberRitu Favre Sep 24, 2020 to now68
- Board memberMogens C. Bay May 1, 2019 to now69
- Board memberRichard Andrew Lanoha Nov 6, 2019 to now70
- Board memberDonna M. Milrod Jan 9, 2018 to May 1, 201971
- Board memberStephen G. Kaniewski Dec 19, 2018 to Mar 16, 202372
- Board memberTheodor Werner Freye Jun 10, 2015 to now73
- Board memberJames B. Milliken Dec 20, 2011 to now74
- Board memberClark T. Randt Jr. Feb 27, 2009 to Apr 28, 202275
- Board memberDaniel P. Neary Dec 22, 2005 to now76
- Board memberCharles D. Peebler Jr. May 20, 2004 to Apr 25, 200777
- Board memberJohn E. Jones May 20, 2004 to Feb 26, 200878
- Board memberKenneth E. Stinson May 20, 2004 to Apr 27, 201779
- Board memberStephen R. Lewis Jr. May 20, 2004 to Jul 27, 201280
- Board memberThomas F. Madison May 20, 2004 to Apr 5, 201081
- Board memberDaas Kaj Den Oct 27, 2004 to Nov 20, 202482
- Board memberGlen A. Barton Oct 27, 2004 to May 1, 201483
- General counselToni Hickey Sep 9, 2026 to now84
- General counselP. Thomas Pogge Dec 16, 2003 to May 11, 200685
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Delta Ltd. United Kingdom7
- Valmont Australia Pty. Ltd. Australia7
- Valmont Coatings, Inc. Delaware7
- Valmont Composite Structures, Inc. Colorado7
- Valmont Group Holdings Pty. Ltd. Australia7
- Valmont Group Pty. Ltd. Australia7
- Valmont Holdings B.V. The Netherlands7
- Valmont Industries Holland B.V. The Netherlands7
- Valmont International Holdings, LLC Delaware7
- Valmont Newmark, Inc. Delaware7
- Valmont Queensland Pty. Ltd. Australia7
- Valmont Telecommunications, Inc. Delaware7
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Jul 28, 20268-K Executive or director change86
- Jul 21, 20268-K Results of operations87
- Jun 16, 20268-K Regulation FD disclosure88
- Jun 1, 20268-K Executive or director change89
- Apr 21, 20268-K Results of operations90
- Apr 15, 20268-K Executive or director change91
- Apr 9, 20268-K Executive or director change92
- Mar 6, 20268-K Change of auditor93
- Feb 25, 20268-K Executive or director change94
- Feb 17, 20268-K Results of operations95
- Oct 24, 20258-K Executive or director change96
- Oct 21, 20258-K Results of operations97
- Aug 2, 2023New chief executive Avner M. Applbaum becomes CEO17
- Nov 18, 2019New chief executive Mark C. Jaksich becomes CEO18
- Mar 5, 2018New chief executive Stephen G. Kaniewski becomes CEO19
- Dec 16, 2003New chief executive Mogens C. Bay becomes CEO20
- Mar 26, 1990Went public Listed on NYSE1
- 1946Founded Founded1
Calendar
When it reported results
- Jul 21, 2026Reported quarterly or annual results87
- Apr 21, 2026Reported quarterly or annual results90
- Feb 17, 2026Reported quarterly or annual results95
- Oct 21, 2025Reported quarterly or annual results97
- Jul 22, 2025Reported quarterly or annual results98
- Apr 22, 2025Reported quarterly or annual results99
- Feb 18, 2025Reported quarterly or annual results100
- Oct 23, 2024Reported quarterly or annual results101
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
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:
- Sep 9, 20264 EDGAR
- Sep 9, 20263 EDGAR
- Aug 19, 20264 EDGAR
- Aug 3, 20264/A EDGAR
- Aug 3, 20264 EDGAR
- Jul 30, 20264 EDGAR
- Jul 29, 20264 EDGAR
- Jul 28, 20268-K EDGAR
- Jul 28, 202610-Q EDGAR
- Jul 27, 2026144 EDGAR
- Jul 24, 20264 EDGAR
- Jul 21, 20268-K EDGAR
- Jun 22, 202611-K EDGAR
- Jun 16, 20268-K EDGAR
- Jun 1, 20268-K EDGAR
- May 29, 2026SD EDGAR
- May 7, 20264/A EDGAR
- May 7, 20264 EDGAR
- May 6, 2026144 EDGAR
- 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 five years, summarized. The full record is on SEC EDGAR.
Insider trades
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.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 27, 2026 | Freye Theodor WernerDirector | Sale | 800 | $495.00 | $396.0K | Form 4 |
| Jul 23, 2026 | Schwietz John LExecutive VP and CFO | Buy | 208 | $486.14 | $101.1K | Form 4 |
| May 6, 2026 | Campbell Renee LSVP, Capital Markets & Risk | Sale | 412 | $522.45 | $215.2K | Form 4 |
| May 6, 2026 | Campbell Renee LSVP, Capital Markets & Risk | Sale | 412 | $522.45 | $215.2K | Form 4 |
| Apr 24, 2026 | BAY MOGENS CDirector | Sale | 17,500 | $492.34 | $8.6M | Form 4 |
| Oct 23, 2025 | Colwell James ChristopherPresident, Infrastructure | Sale | 375 | $410.68 | $154.0K | Form 4 |
| Aug 25, 2025 | Campbell Renee LSVP, Capital Markets & Risk | Sale | 670 | $374.90 | $251.2K | Form 4 |
| Aug 1, 2025 | Francis Timothy PChief Accounting Officer | Sale | 2,867 | $358.52 | $1.0M | Form 4 |
| Feb 25, 2025 | Freye Theodor WernerDirector | Sale | 1,000 | $348.00 | $348.0K | Form 4 |
| Feb 19, 2025 | Larkin Diane MEVP, Global Operations | Sale | 3,133 | $373.36 | $1.2M | Form 4 |
| Dec 2, 2024 | BAY MOGENS CDirector | Sale | 20,000 | $348.92 | $7.0M | Form 4 |
| Nov 18, 2024 | den Daas KajDirector | Sale | 1,000 | $338.78 | $338.8K | Form 4 |
| Nov 12, 2024 | Donahue John TimothyGroup President Infrastructure | Sale | 2,252 | $347.55 | $782.7K | Form 4 |
| Nov 4, 2024 | Francis Timothy PChief Accounting Officer | Sale | 850 | $320.43 | $272.4K | Form 4 |
| Oct 25, 2024 | MASSEY R ANDREWVP, Legal and Corp. Secretary | Sale | 3,977 | $315.00 | $1.3M | Form 4 |
| Oct 25, 2024 | BAY MOGENS CDirector | Sale | 17,000 | $316.48 | $5.4M | Form 4 |
| Aug 14, 2024 | Parnell Thomas MitchellEVP, Human Resources | Sale | 1,800 | $280.97 | $505.7K | Form 4 |
| Jul 31, 2024 | Freye Theodor WernerDirector | Sale | 1,600 | $300.12 | $480.2K | Form 4 |
| Jul 30, 2024 | Francis Timothy PChief Accounting Officer | Sale | 2,300 | $298.49 | $686.5K | Form 4 |
| Jul 26, 2024 | BAY MOGENS CDirector | Sale | 18,000 | $302.63 | $5.4M | Form 4 |
All 40 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 2026102
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 27, 2026103
- Neuberger BermanSCHEDULE 13G/A, 3 filings Feb 10, 2023 to Apr 4, 2025104
- BlackRockSC 13G/A, 6 filings Feb 1, 2022 to Nov 8, 2024105
- InvescoSC 13G/A, 2 filings Feb 10, 2023 to Feb 1, 2024106
- FMR LLCSC 13G/A, 2 filings Feb 9, 2022 to Feb 9, 2023107
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Avner M. ApplbaumPresident and Chief Executive Officer | $1.1M | $7.8M108 | |
| 2025 | Thomas LiguoriExecutive Vice-President And Chief Financial Officer | $672.8K | $2.5M108 | |
| 2025 | J. Timothy DonahueFormer Group President Infrastructure | $642.7K | $1.9M108 | |
| 2025 | Christopher ColwellPresident Infrastructure – Utility, L&T, Coatings | $570.1K | $1.9M108 | |
| 2025 | Darryl MatthewsGroup President Agriculture | $543.4K | $1.8M108 | |
| 2025 | Gregory TuriPresident Infrastructure – Telecommunications and International | $462.6K | $1.3M108 | |
| 2024 | Avner M. ApplbaumPresident and Chief Executive Officer | $1.0M | $7.6M108 | |
| 2024 | J. Timothy DonahueFormer Group President Infrastructure | $621.0K | $3.1M108 | |
| 2024 | Thomas LiguoriExecutive Vice-President And Chief Financial Officer | $205.0K | $1.9M108 | |
| 2023 | Avner M. ApplbaumPresident and Chief Executive Officer | $776.9K | $6.0M108 | |
| 2023 | J. Timothy DonahueFormer Group President Infrastructure | $564.0K | $2.1M108 |
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.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Valmont Industries is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARVALMONT INDUSTRIES INC2
- CIK0000102729
- Employer ID (EIN)47-035181316
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company16
- Incorporated inDelaware16
- Fiscal year endsDecember 262
- Industry code (SIC)3440 Fabricated Structural Metal Products2
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
- Business address15000 Valmont Plaza, Omaha, NE 681542
- Phone402-963-10002
- Shares outstanding19,304,858 as of Jul 24, 202614
- Public float$6.4B as of Jun 28, 202516
- AuditorDELOITTE & TOUCHE LLP, Omaha, Nebraska PCAOB ID 34; it also attests to the company’s internal control over financial reporting16
- On EDGAR sinceMar 25, 19942
- Filings1,663 in all: 4 (901), 8-K (226), 10-Q (98), SC 13G/A (77), 3 (48), 11-K (33), DEF 14A (33), 144 (31)2
All 42 form types
10-K (29), UPLOAD (20), DEFA14A (18), SC 13G (18), CORRESP (17), 4/A (15), ARS (13), SD (13), S-8 (12), 424B2 (8), 5 (8), SC 13D/A (8), FWP (4), 10-K405 (3), PRER14A (3), S-3ASR (3), 3/A (2), 424B3 (2), 8-K/A (2), PRE 14A (2), S-3/A (2), SCHEDULE 13G/A (2), 10-K/A (1), 10-Q/A (1), 5/A (1), 8-A12B (1), 8-A12G (1), CERTNYS (1), POSASR (1), S-3 (1), S-4 (1), S-8 POS (1), SC 13D (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Feb 24, 2026
Quarterly report (10-Q) Jul 28, 2026
Proxy statement (DEF 14A) Mar 11, 2026
Latest 8-K (8-K) Jul 28, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $1.00 par value | VMI | New York Stock Exchange |
From the cover page of the 10-K filed Feb 24, 2026 (Section 12(b) of the Exchange Act).16
Risk factors and legal proceedings
The risks Valmont Industries names in Item 1A of its 10-K filed Feb 24, 2026: 25 risks under these headings, as written.16
- Economic and Business Risks
- The ultimate consumers of our products operate in cyclical industries, which have experienced significant downturns that have adversely impacted our sales in the past and may do so again in the future.
- Changes in prices and reduced availability of key commodities such as steel, aluminum, zinc, natural gas, and fuel may increase our operating costs, likely reducing our net sales and profitability.
- Volatility in steel prices can result from changes in global steel production, trade policies, and shifting consumption patterns. The speed with which steel suppliers impose price increases on us may prevent us from fully recovering these price increases, particularly in our L&T and Utility businesses. Similarly, decreases in steel prices can result in reduced operating margins in our Utility businesses due to long production lead times.
- Our ability to effectively manage the procurement and inventory of key components and raw materials may be adversely affected by supply disruptions and demand volatility, which could reduce our profitability.
- Demand for our infrastructure products, including coating services, is highly dependent on overall infrastructure spending.
- We are subject to currency fluctuations from our international sales, which can negatively impact our reported earnings.
- Adverse economic conditions, particularly in certain international markets, could impair the collectability of our accounts receivable and adversely affect our operating results.
- Legal and Regulatory Risks
- Our operations are subject to trade policies, tariffs, and trade agreements, and further changes could adversely affect our business, potentially reducing sales, increasing costs, or resulting in the loss of certain foreign investments.
- Changes in the application and enforcement of U.S. trade and tariff laws, including Section 232 tariffs on steel and aluminum content, could increase our costs and adversely affect our results of operations.
- Failure to comply with anti-corruption laws could result in fines, criminal penalties, and harm to our business.
The other 15 risks
- We could incur substantial costs due to violations of, or liabilities under, environmental laws.
- Failure to successfully commercialize or protect our intellectual property rights may materially impact our business, financial condition, and operating results.
- We have been, and may continue to be, involved in litigation or threatened litigation, the outcomes of which can be difficult to predict. These matters can be costly to defend, divert management’s attention, require payment of damages, or restrict our business operations.
- Design patent litigation related to guardrails could reduce demand for these products and increase litigation risk.
- Liquidity and Capital Resources Risks
- We have, from time to time, maintained a substantial amount of outstanding indebtedness, which could impair our ability to operate our business, respond to changes in our operations, comply with debt covenants, and make debt payments.
- We assumed an underfunded pension liability as part of the fiscal 2010 acquisition of Delta Ltd., which may require increased funding and impose restrictions on excess cash usage.
- General Risks
- Our businesses rely on skilled labor and management talent, and we may face challenges in attracting and retaining qualified employees.
- We face strong competition in the markets we serve.
- The use of artificial intelligence presents risks and challenges that may adversely impact our business and operating results.
- We may not achieve the improved operating results we anticipate from future acquisitions, and we may face difficulties integrating the acquired businesses or inherit significant liabilities associated with them.
- We may incur significant warranty or contract management costs.
- Our operations could be adversely affected if our information technology systems and networks are compromised or subjected to cyberattacks.
- Regulatory and business developments regarding climate change could adversely impact our operations and demand for our products.
- Challenges in managing manufacturing capacity and responding to demand volatility could adversely affect our business.
- If our internal control over financial reporting is found to be ineffective, our operating results could be adversely affected.
Legal proceedings
The Company and certain of its subsidiaries are subject to various legal proceedings, claims, and assessments arising in the normal course of business. The Company is involved in several litigation matters in Brazil related to its operations in the Agriculture market. During the fourth quarter of fiscal 2025, the Company received an unfavorable ruling in the Brazilian appellate court system. The Company is currently awaiting a motion for clarification related to the appellate court ruling, which is expected to be received in the first half of fiscal 2026. Following receipt of the clarification, the Company will evaluate available legal options, which may include pursuing a settlement or further appeals within the Brazilian court system. Based on the information known to date, management believes that the Company has appropriately accrued in its Consolidated Financial Statements for its share of the estimable costs of these legal proceedings.
The Company continuously monitors developments in these matters and other legal proceedings and will adjust its accruals if and when additional information becomes available or circumstances change. For information on legal proceedings, please refer to Note 17 to the Consolidated Financial Statements included in this report.
The opening of Item 3, Legal Proceedings.16
Links
- Websitewww.valmont.com1
- WikipediaValmont Industries
- WikidataQ7912506
- SEC EDGARCIK 102729
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataValmont Industries on Wikidata
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- 3WikipediaValmont Industries on Wikipedia
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- 5Wikimedia CommonsValmont Industries logo by Valmont, Public domain
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- 21SEC EDGARGregory Richard Turi, President
- 22SEC EDGARJames Christopher Colwell, President
- 23SEC EDGARJohn Timothy Donahue, President
- 24SEC EDGARAaron M. Schapper, President
- 25SEC EDGARBarry Ruffalo, President
- 26SEC EDGARStephen G. Kaniewski, President
- 27SEC EDGARVikas Bansal, President
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- 42SEC EDGARGene Padgett, CAO
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- 45SEC EDGAREllen S. Dasher, VP, Global Taxation
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- 47SEC EDGARTeresa M. Hecker, VP Internal Audit
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- 49SEC EDGARClaudio Laterreur, SVP / CIO
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- 54SEC EDGARStephen G. Kaniewski, VP - IT
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- 58SEC EDGARJohn G. Graboski, VP Human Resources
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- 63SEC EDGARMark Treinen, V.P.-Business Dev.
- 64SEC EDGARWalter Pasko, VP - Procurement
- 65SEC EDGARPaul T. Maass, Board member
- 66SEC EDGARDeborah H. Caplan, Board member
- 67SEC EDGARJoan Robinson-Berry, Board member
- 68SEC EDGARRitu Favre, Board member
- 69SEC EDGARMogens C. Bay, Board member
- 70SEC EDGARRichard Andrew Lanoha, Board member
- 71SEC EDGARDonna M. Milrod, Board member
- 72SEC EDGARStephen G. Kaniewski, Board member
- 73SEC EDGARTheodor Werner Freye, Board member
- 74SEC EDGARJames B. Milliken, Board member
- 75SEC EDGARClark T. Randt Jr., Board member
- 76SEC EDGARDaniel P. Neary, Board member
- 77SEC EDGARCharles D. Peebler Jr., Board member
- 78SEC EDGARJohn E. Jones, Board member
- 79SEC EDGARKenneth E. Stinson, Board member
- 80SEC EDGARStephen R. Lewis Jr., Board member
- 81SEC EDGARThomas F. Madison, Board member
- 82SEC EDGARDaas Kaj Den, Board member
- 83SEC EDGARGlen A. Barton, Board member
- 84SEC EDGARToni Hickey, General counsel
- 85SEC EDGARP. Thomas Pogge, General counsel
- 86SEC EDGARExecutive or director change
- 87SEC EDGARResults of operations
- 88SEC EDGARRegulation FD disclosure
- 89SEC EDGARExecutive or director change
- 90SEC EDGARResults of operations
- 91SEC EDGARExecutive or director change
- 92SEC EDGARExecutive or director change
- 93SEC EDGARChange of auditor
- 94SEC EDGARExecutive or director change
- 95SEC EDGARResults of operations
- 96SEC EDGARExecutive or director change
- 97SEC EDGARResults of operations
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