Overview

* Valmont Q3 net sales rise 2.5% to $1.05 bln, beating analyst expectations

* Adjusted EPS for Q3 increases 21.2% to $4.98, surpassing analyst estimates

* Company raises full-year 2025 adjusted EPS outlook, citing strong operational performance

Outlook

* Valmont raises full-year 2025 adjusted EPS outlook to $18.70-$19.50

* Company updates full-year 2025 net sales forecast to ~$4.1 bln

* Valmont lowers adjusted effective tax rate assumption to ~25.0%

Result Drivers

* UTILITY DEMAND - Strong Utility demand and improved factory throughput drove Infrastructure segment growth

* AGRICULTURE CHALLENGES - Agriculture segment faced challenges with decreased sales due to market softness and timing of project sales

* TELECOMMUNICATIONS GROWTH - Telecommunications sales increased significantly due to alignment with carrier spending programs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $1.05

Sales bln

Q3 Beat $1.05 $1.03

Adjusted bln bln (6

Net Analysts

Sales )

Q3 Beat $4.98 $4.61 (6

Adjusted Analysts

EPS )

Q3 EPS $4.98

Q3 Beat $99.03 $91.12

Adjusted mln mln (5

Net Analysts

Earnings )

Q3 Net $99.03

Earnings mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the construction & engineering peer group is "buy"

* Wall Street's median 12-month price target for Valmont Industries Inc ( VMI ) is $400.00, about 2.2% below its October 20 closing price of $408.97

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)