Last $137.63 USD
Change Today -0.15 / -0.11%
Volume 60.3K
VMI On Other Exchanges
Symbol
Exchange
New York
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As of 1:51 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

valmont industries (VMI) Snapshot

Open
$137.96
Previous Close
$137.78
Day High
$137.96
Day Low
$136.43
52 Week High
06/24/14 - $163.23
52 Week Low
10/24/14 - $126.80
Market Cap
3.4B
Average Volume 10 Days
192.0K
EPS TTM
$9.29
Shares Outstanding
24.6M
EX-Date
09/24/14
P/E TM
14.8x
Dividend
$1.50
Dividend Yield
0.91%
Current Stock Chart for VALMONT INDUSTRIES (VMI)

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valmont industries (VMI) Details

Valmont Industries, Inc. produces and sells fabricated metal products in the United States, Australia, China, France, and internationally. It operates in four segments: Engineered Infrastructure Products, Utility Support Structures, Coatings, and Irrigation. The Engineered Infrastructure Products segment manufactures engineered metal structures and components for the lighting and traffic, wireless communication, roadway safety, and access systems applications. This segment produces steel and aluminum poles, towers, access systems, and other structures. The Utility Support Structures segment manufactures engineered steel and concrete structures for electrical transmission and distribution lines and related power distribution equipment. The Coatings segment provides galvanizing, anodizing, powder coating, and e-coating services. The Irrigation segment produces mechanical irrigation equipment and related service parts under the Valley brand for the agriculture industry. The company also manufactures forged steel grinding media for the mining industry; tubular products for industrial customers; and electrolytic manganese dioxide for disposable batteries, as well as distributes industrial fasteners. In addition, it manufactures fiberglass composite support structures for the lighting, traffic, and utility markets. Valmont Industries, Inc. serves state and federal governments, contractors, utility and telecommunications companies, manufacturers of commercial lighting fixtures, and large farms, as well as the general manufacturing sectors. The company was founded in 1946 and is headquartered in Omaha, Nebraska.

10,769 Employees
Last Reported Date: 02/25/14
Founded in 1946

valmont industries (VMI) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $980.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $305.0K
Executive Vice President and Corporate Secret...
Total Annual Compensation: $412.0K
Vice President of Human Resources
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

valmont industries (VMI) Key Developments

Vik Bansal to Relinquish His Role as Valmont Industries, Inc.'s President and COO, Effective December 27, 2014

Valmont Industries, Inc. announced that for family reasons, Vik Bansal, Valmont's newly-appointed President and COO, will be relocating back to Sydney, Australia. As a result of this move, Mr. Bansal will relinquish his role as President and COO effective December 27, 2014. Mr. Bansal will return to his previous role as Group President of the Engineered Infrastructure Products Segment based at Valmont's Sydney, Australia office. Valmont's Group Presidents will report to Mogens Bay, Chairman and CEO of Valmont.

Valmont Industries, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Year-To-Date Ended September 27, 2014; Provides Earnings Guidance for the Full Year 2014

Valmont Industries, Inc. reported unaudited consolidated earnings results for the third quarter and year-to-date ended September 27, 2014. The company reported third quarter sales of $765.7 million compared with $778.0 million for the same period of 2013. Third quarter 2014 operating income was $87.8 million versus $109.9 million in 2013. Third quarter net earnings attributable to Valmont Industries were $23.6 million versus $56.5 million in 2013, or $0.92 in diluted earnings per share compared to $2.10 in 2013. Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries were $39,515,000 against $102,728,000 a year ago. Adjusted net earnings attributable to the company were $49,088,000 against $64,761,000 reported last year. Third quarter net income per diluted share as adjusted for significant non-recurring items was $1.92 for the 2014 third quarter and $2.41 for the 2013 third quarter. Capital expenditures were $16.4 million. For the first nine months of 2014, sales were $2,360.0 million versus $2,476.3 million in 2013. Valmont's nine month net earnings attributable to Valmont Industries were $143.5 million, or $5.43 per diluted share, compared with 2013 nine month net earnings of $223.6 million, or $8.31 per diluted share. Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries were $226,045,000 against $353,852,000 a year ago. Operating income was $291,427,000 against $372,356,000 a year ago. Adjusted net earnings attributable to the company were $172,545,000 against $231,893,000 reported last year. Nine month net income per diluted share as adjusted for significant non-recurring items was $6.53 for the 2014 third quarter and $8.46 for the 2013 third quarter. The company expects earnings per diluted share for the full year 2014, to be in the range of $8.55 to $8.65 per share, which includes the impact of share repurchase, excludes the $0.18 year-to-date fair value adjustments for Delta EMD and excludes the $0.91 year-to-date expenses associated with its debt refinancing. For 2014, the company expects capital spending of approximately $80 million.

Valmont Industries Holland B.V., Valmont Group Pty. Ltd. and Valmont Industries, Inc. Enters Credit Agreement with JPmorgan Chase Bank, N.A

Valmont Industries Inc. and its wholly-owned subsidiaries Valmont Industries Holland B.V. and Valmont Group Pty. Ltd. entered into a first amendment to credit agreement with JPMorgan Chase Bank, N.A., as Administrative Agent, and the other lenders party thereto. The first amendment amends the credit agreement dated as of August 15, 2012 among the same parties. The credit agreement, as amended by the first amendment, is referred to as the amended credit agreement. The first amendment increases the committed unsecured revolving credit facility under the credit agreement from $400 million to $600 million and extends the maturity date from August 15, 2017 to October 17, 2019. Under the amended credit agreement, up to $25 million is available for swingline loans, up to $75 million is available for letters of credit and up to $200 million is available for borrowings in foreign currencies. The company may increase the credit facility by up to an additional $200 million at any time, subject to lenders increasing the amount of their commitments. The obligations arising under the amended credit agreement are guaranteed by the company and its wholly-owned subsidiaries PiRod Inc., Valmont Coatings Inc., Valmont Newmark Inc., Valmont Group Pty. Ltd. and Valmont Queensland Pty. Ltd.

 

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VMI

Industry Average

Valuation VMI Industry Range
Price/Earnings 18.4x
Price/Sales 1.1x
Price/Book 2.6x
Price/Cash Flow 17.1x
TEV/Sales 0.7x
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