Last $120.12 USD
Change Today -0.27 / -0.22%
Volume 280.9K
VMI On Other Exchanges
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As of 4:15 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

valmont industries (VMI) Snapshot

Open
$118.97
Previous Close
$120.39
Day High
$121.18
Day Low
$118.97
52 Week High
06/24/14 - $163.23
52 Week Low
01/16/15 - $116.71
Market Cap
3.0B
Average Volume 10 Days
244.1K
EPS TTM
$9.29
Shares Outstanding
24.6M
EX-Date
12/23/14
P/E TM
12.9x
Dividend
$1.50
Dividend Yield
1.14%
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

Valmont Industries, Inc. Revises Earnings Guidance for the Year 2014

Valmont Industries, Inc. revised earnings guidance for the year 2014. The company lowered its 2014 earnings outlook given on October 23, 2014. This change in outlook is primarily the result of reduced fourth quarter demand for irrigation equipment. Also negatively impacting results in the fourth quarter were both production and shipping delays of utility structures that were in the backlog at the time the company issued its prior guidance, and the impact of a stronger USD on translation of earnings. Prior guidance for 2014 indicated earnings of between $8.55 and $8.65 per diluted share, which excluded $0.18 per share of year-to-date fair value decreases for Delta EMD and $0.91 per share of after-tax expenses associated with the debt refinancing completed in the third quarter, but reflected the effect of the stock repurchase program on earnings per share. Prior guidance on earnings per share including these adjustments was $7.46 to $7.56. Full-year diluted earnings per share are now expected to be in the range of $8.10 to $8.20, excluding $0.15 of fair value decreases for Delta EMD and $0.93 of after-tax expenses associated with the debt refinancing, subject to completion of the year-end financial closing and audit. Accordingly, expected earnings per share including the above adjustments are $7.02 to $7.12.

Valmont Industries, Inc. Declares Quarterly Dividend, Payable on January 15, 2015

The Board of Directors of Valmont Industries, Inc. has declared a quarterly dividend of 37.5 cents per share payable on January 15, 2015 to shareholders of record on December 26, 2014. The dividend indicates an annual rate of $1.50 per share.

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.

 

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Industry Analysis

VMI

Industry Average

Valuation VMI Industry Range
Price/Earnings 16.1x
Price/Sales 1.0x
Price/Book 2.3x
Price/Cash Flow 14.9x
TEV/Sales 0.5x
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