Valmont Raises 2026 Guidance as North America Utility Powers Q1 Growth

Overview

• Valmont reported Q1 net sales of $1.03 billion, up 6.2% year over year, and lifted full‑year targets to $4.2–$4.4 billion in sales and $21.50–$23.50 in EPS.
• North America Utility led results with 27.4% sales growth, which drove Infrastructure margin expansion to 17.8% on stronger pricing and higher volumes, with lead times near 42–44 weeks.
• Management outlined capacity additions for utility products and plans $170 million to $200 million of 2026 capital spending focused on that expansion.
• Agriculture softened with sales down 15.1% to $227 million, though segment margins improved to 14.8% as the company leaned into higher‑value offerings.
• The company is prioritizing U.S. melt‑and‑pour steel to limit tariff exposure, with the CFO noting tariffs will rise with scale but strong Mexico plant margins help offset the cost.