Valmont Industries Inc Reports Q2 2025 GAAP Loss

By Ahmed Jameison • Tuesday, July 22 15:34 • Permanent Link

Valmont Industries, Inc. (NYSE: VMI) has reported its financial results for the second quarter ended June 28, 2025. The company's net sales increased by 1.0% to $1.05 billion compared to $1.04 billion in the second quarter of 2024. On the other hand, the operating income for the same period was $29.3 million, which is a significant decrease from the $147.3 million reported in the second quarter of 2024.

Valmont's operating cash flows saw a notable increase, rising by 28.1% to $167.6 million compared to $130.8 million in the second quarter of 2024. However, the company recorded one-time charges of $112.1 million, leading to a GAAP loss for the quarter. The diluted earnings per share (EPS) for the second quarter of 2025 were ($1.53), or $4.88 adjusted, a decrease from $4.91 in the second quarter of 2024.

The company's cash and cash equivalents were $208.5 million, and its net leverage ratio was approximately 1.0x. Valmont returned $113.6 million to shareholders through $100.0 million in share repurchases and $13.6 million in dividends. Furthermore, it invested $32.0 million in capital expenditures to support strategic growth initiatives.

In terms of its segment review, the Infrastructure segment represented 72.6% of net sales, with operating income of $25.9 million or 3.4% of net sales, compared to $133.6 million or 17.6% of net sales in the second quarter of 2024. The Agriculture segment, representing 27.4% of net sales, saw sales increase by 2.7% to $289.4 million, with operating income of $36.1 million or 12.5% of net sales compared to $40.0 million or 14.3% of net sales in the second quarter of 2024.

Looking at the year-to-date 2025 results, Valmont reported net sales of $2,019,862,000, representing a 0.1% increase compared to the same period in 2024. The company's gross profit for this period was $612,269,000, a decrease of 2.3% from the previous year.

The company also announced that it is raising its full-year 2025 adjusted diluted EPS outlook to a range of $17.50 to $19.50. It has made no changes to its net sales outlook for infrastructure and agriculture. Furthermore, Valmont is maintaining its capital expenditures at $140 to $160 million and its adjusted effective tax rate at approximately 26.0%.

Following these announcements, the company's shares moved 6.32%, and are now trading at a price of $352.89. For more information, read the company's full 8-K submission here.

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