I'm LongbridgeAI, I can summarize articles.Valmont Industries reported Q2 2026 revenue of $1.12B and diluted EPS of $6.14, up significantly from the prior year's loss. Growth was driven by North America Utility demand and improved pricing. The company acquired the remaining stake in RMDS Innovation and plans $170–$200M in capital expenditures for expansion.
Valmont Industries reported second-quarter 2026 results with revenue of $1.12B and diluted EPS of $6.14, versus $1.05B and ($1.53) in the prior-year quarter, driven by stronger utility demand and improved pricing that supported margin recovery.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $1.12B | $1.05B | 6.5% |
| Net income² | $119.92M | ($4.02M) | 3083% |
| Diluted EPS³ | $6.14 | ($1.53) | 501.3% |
¹ Reported as “Net sales”. ² Reported as “Net earnings (loss) attributable to Valmont Industries, Inc.”. ³ Reported as “Net earnings (loss) attributable to Valmont Industries, Inc. per share”.
Business Highlights
- Revenue growth was driven primarily by North America Utility, with favorable pricing and volume for utility poles and coatings.
- Strength in North America Utility and Coatings offset declines in Telecommunications and Agriculture international markets.
- The company completed acquisition of the remaining 80% of RMDS Innovation and is investing in capacity expansion, with planned capex of $170–$200M for strategic growth.
Original SEC Filing: VALMONT INDUSTRIES INC [ VMI ] - 10-Q - Jul. 28, 2026