VALMONT INDUSTRIES INC
VMI · Fabricated Structural Metal Products · 19.4M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $306M (gross $345M, SBC $39M)
Reference price $522.45 · est. market cap ~$10.1B — last insider sale, 2026-05-06 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B74Valmont is an above-average infrastructure/ag manufacturer with strong returns despite a noisy impairment year.
Strengths
- ROE 21.5% (79th pct) and ROA 10.4% (90th pct) with solid FCF ($311M, 79th pct) and moderate leverage
- Infrastructure tailwinds (utility/grid, telecom) drove pricing and mix gains
Risks
- $91M impairment plus realignment charges cut operating income 21%, and Agriculture sales fell ~6%
- Brazil credit-loss and legal reserves signal pockets of operational weakness
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Auditor changeRecent 8-K item 4.01 8-K ↗
- Customer concentration~33% of revenue from one customer/distributor — 5% Impairment of long-lived assets 1,981 — NM Realignment charges 2,886 — NM Operating income 92,076 138,336 (33
- Strong balance sheetStrong balance sheet — $187M cash & investments
- Insider sellingInsider selling — 7 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$9M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
30.2%
Operating margin
10.1%
Net margin
8.5%
Return on equity
21.5%
Return on assets
10.4%
ROIC
13.5%
Revenue growth (QoQ)
-0.9%
Net-income growth
0.6%
Debt / equity
0.5×
Net debt / EBITDA
1.2×
Current ratio
2.4×
Free cash flow
$311M
EBITDA
$504M
Tangible book value
$940M
Cash & investments
$187M
Stock comp / revenue
0.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-06 | Campbell Renee L | Sell | 412 | $522.45 |
| 2026-05-06 | Campbell Renee L | Sell | 412 | $522.45 |
| 2026-04-27 | Lanoha Richard Andrew | Grant | 341 | — |
| 2026-04-27 | Freye Theodor Werner | Grant | 341 | — |
| 2026-04-27 | Caplan Deborah H | Grant | 341 | — |
| 2026-04-27 | Favre Ritu | Grant | 341 | — |
| 2026-04-27 | Milliken James B. | Grant | 341 | — |
| 2026-04-27 | Maass Paul T | Grant | 341 | — |
| 2026-04-27 | Neary Daniel P | Grant | 341 | — |
| 2026-04-27 | PAGLIA CATHERINE JAMES | Grant | 341 | — |
| 2026-04-27 | BAY MOGENS C | Grant | 341 | — |
| 2026-04-27 | Robinson-Berry Joan | Grant | 341 | — |
| 2026-04-24 | BAY MOGENS C | Sell | 2.0K | $490.00 |
| 2026-04-24 | BAY MOGENS C | Sell | 1.5K | $492.45 |
| 2026-04-24 | BAY MOGENS C | Sell | 1.4K | $493.96 |
| 2026-04-24 | BAY MOGENS C | Sell | 7.5K | $491.48 |
| 2026-04-24 | BAY MOGENS C | Sell | 5.0K | $494.07 |
| 2026-02-23 | Applbaum Avner M | Tax withheld | 1.6K | $457.35 |
| 2026-02-23 | MASSEY R ANDREW | Grant | 746 | — |
| 2026-02-23 | MASSEY R ANDREW | Tax withheld | 331 | $457.35 |
| 2026-02-23 | Colwell James Christopher | Grant | 913 | — |
| 2026-02-23 | Colwell James Christopher | Tax withheld | 399 | $457.35 |
| 2026-02-23 | Turi Gregory Richard | Grant | 289 | — |
| 2026-02-23 | Turi Gregory Richard | Tax withheld | 134 | $457.35 |
| 2026-02-23 | Liguori Thomas | Grant | 714 | — |
| 2026-02-23 | Liguori Thomas | Tax withheld | 311 | $457.35 |
| 2026-02-23 | MATTHEWS DARRYL R | Grant | 541 | — |
| 2026-02-23 | MATTHEWS DARRYL R | Tax withheld | 241 | $457.35 |
| 2026-02-23 | Paisley Jennifer | Grant | 192 | — |
| 2026-02-23 | Paisley Jennifer | Tax withheld | 93 | $457.35 |
| 2026-02-23 | Campbell Renee L | Grant | 421 | — |
| 2026-02-23 | Campbell Renee L | Disposition | 194 | $457.35 |
| 2026-02-23 | Applbaum Avner M | Grant | 3.7K | — |
| 2025-12-16 | Applbaum Avner M | Tax withheld | 558 | $410.66 |
| 2025-12-16 | Turi Gregory Richard | Tax withheld | 80 | $410.66 |
| 2025-12-16 | Paisley Jennifer | Tax withheld | 55 | $410.66 |
| 2025-12-16 | MATTHEWS DARRYL R | Tax withheld | 97 | $410.66 |
| 2025-12-16 | MASSEY R ANDREW | Tax withheld | 58 | $410.66 |
| 2025-12-16 | Liguori Thomas | Tax withheld | 135 | $410.66 |
| 2025-12-16 | Dasher ELlen S | Tax withheld | 31 | $410.66 |
| 2025-12-16 | Colwell James Christopher | Tax withheld | 156 | $410.66 |
| 2025-12-16 | Campbell Renee L | Tax withheld | 33 | $410.66 |
| 2025-12-15 | Campbell Renee L | Grant | 209 | — |
| 2025-12-15 | Johnson William Eric | Grant | 293 | — |
| 2025-12-15 | Dasher ELlen S | Grant | 173 | — |
| 2025-12-15 | Paisley Jennifer | Grant | 375 | — |
| 2025-12-15 | Turi Gregory Richard | Grant | 391 | — |
| 2025-12-15 | MATTHEWS DARRYL R | Grant | 546 | — |
| 2025-12-15 | Colwell James Christopher | Grant | 582 | — |
| 2025-12-15 | MASSEY R ANDREW | Grant | 324 | — |
| 2025-12-15 | Applbaum Avner M | Grant | 3.6K | — |
| 2025-12-15 | Liguori Thomas | Grant | 771 | — |
| 2025-12-12 | Campbell Renee L | Tax withheld | 47 | $417.54 |
| 2025-12-12 | Dasher ELlen S | Tax withheld | 42 | $417.54 |
| 2025-12-12 | MASSEY R ANDREW | Tax withheld | 54 | $417.54 |
| 2025-12-12 | Paisley Jennifer | Tax withheld | 51 | $417.54 |
| 2025-12-12 | Applbaum Avner M | Tax withheld | 134 | $417.54 |
| 2025-12-12 | Turi Gregory Richard | Tax withheld | 67 | $417.54 |
| 2025-12-12 | Colwell James Christopher | Tax withheld | 66 | $417.54 |
| 2025-12-11 | Dasher ELlen S | Tax withheld | 45 | $427.27 |
| 2025-12-11 | Applbaum Avner M | Tax withheld | 699 | $427.27 |
| 2025-12-11 | Campbell Renee L | Tax withheld | 47 | $427.27 |
| 2025-12-11 | Turi Gregory Richard | Tax withheld | 119 | $427.27 |
| 2025-12-11 | Paisley Jennifer | Tax withheld | 67 | $427.27 |
| 2025-12-11 | Colwell James Christopher | Tax withheld | 231 | $427.27 |
| 2025-12-11 | MASSEY R ANDREW | Tax withheld | 83 | $427.27 |
| 2025-11-04 | BAY MOGENS C | Gift | 2.5K | — |
| 2025-10-30 | Robinson-Berry Joan | Gift | 241 | — |
| 2025-10-23 | Colwell James Christopher | Sell | 375 | $410.68 |
| 2025-10-20 | Johnson William Eric | Grant | 513 | — |
| 2025-08-25 | Campbell Renee L | Sell | 670 | $374.90 |
| 2025-08-22 | Campbell Renee L | Tax withheld | 22 | $373.75 |
| 2025-08-22 | Liguori Thomas | Tax withheld | 84 | $375.35 |
| 2025-08-04 | Campbell Renee L | Option exercise | 1.2K | $168.80 |
| 2025-08-04 | Campbell Renee L | Tax withheld | 839 | $361.02 |
| 2025-08-01 | Francis Timothy P | Option exercise | 2.0K | $168.80 |
| 2025-08-01 | Francis Timothy P | Sell | 2.9K | $358.52 |
| 2025-07-31 | Applbaum Avner M | Tax withheld | 168 | $363.95 |
| 2025-04-28 | BAY MOGENS C | Grant | 579 | — |
| 2025-04-28 | Lanoha Richard Andrew | Grant | 579 | — |
| 2025-04-28 | Neary Daniel P | Grant | 579 | — |
| 2025-04-28 | Caplan Deborah H | Grant | 579 | — |
| 2025-04-28 | Favre Ritu | Grant | 579 | — |
| 2025-04-28 | PAGLIA CATHERINE JAMES | Grant | 579 | — |
| 2025-04-28 | Milliken James B. | Grant | 579 | — |
| 2025-04-28 | Robinson-Berry Joan | Grant | 579 | — |
| 2025-04-28 | Freye Theodor Werner | Grant | 579 | — |
| 2025-04-26 | Francis Timothy P | Tax withheld | 435 | $292.87 |
| 2025-02-27 | Donahue John Timothy | Tax withheld | 48 | $342.77 |
| 2025-02-25 | Freye Theodor Werner | Sell | 1.0K | $348.00 |
| 2025-02-24 | Donahue John Timothy | Tax withheld | 1.3K | $342.86 |
| 2025-02-24 | Applbaum Avner M | Grant | 4.7K | — |
| 2025-02-24 | Applbaum Avner M | Tax withheld | 2.1K | $342.86 |
| 2025-02-24 | Francis Timothy P | Grant | 1.5K | — |
| 2025-02-24 | Francis Timothy P | Tax withheld | 694 | $342.86 |
| 2025-02-24 | Larkin Diane M | Grant | 2.4K | — |
| 2025-02-24 | Larkin Diane M | Tax withheld | 1.0K | $342.86 |
| 2025-02-24 | Paisley Jennifer | Grant | 274 | — |
| 2025-02-24 | Paisley Jennifer | Tax withheld | 137 | $342.86 |
| 2025-02-24 | MASSEY R ANDREW | Grant | 1.2K | — |
| 2025-02-24 | MASSEY R ANDREW | Tax withheld | 562 | $342.86 |
| 2025-02-24 | Campbell Renee L | Grant | 1.1K | — |
| 2025-02-24 | Campbell Renee L | Tax withheld | 486 | $342.86 |
| 2025-02-24 | Dasher ELlen S | Grant | 954 | — |
| 2025-02-24 | Dasher ELlen S | Tax withheld | 442 | $342.86 |
| 2025-02-24 | Donahue John Timothy | Grant | 2.8K | — |
| 2025-02-19 | Larkin Diane M | Option exercise | 2.7K | $168.80 |
| 2025-02-19 | Larkin Diane M | Tax withheld | 944 | $373.48 |
| 2025-02-19 | Larkin Diane M | Sell | 1.3K | $373.50 |
| 2025-02-19 | Larkin Diane M | Option exercise | 1.8K | $252.89 |
| 2025-02-19 | Larkin Diane M | Tax withheld | 758 | $373.83 |
| 2025-02-19 | Larkin Diane M | Sell | 923 | $374.38 |
| 2025-02-19 | Larkin Diane M | Option exercise | 962 | $332.63 |
| 2025-02-19 | Larkin Diane M | Sell | 391 | $373.10 |
| 2025-02-19 | Larkin Diane M | Tax withheld | 454 | $371.25 |
| 2025-02-19 | Larkin Diane M | Tax withheld | 304 | $373.86 |
| 2025-02-19 | Larkin Diane M | Sell | 481 | $371.25 |
| 2025-02-19 | Larkin Diane M | Option exercise | 782 | $223.02 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-16 | Reg FDExhibits | filing ↗ |
| 2026-06-01 | Exec/director changeExhibits | filing ↗ |
| 2026-04-21 | ResultsExhibits | filing ↗ |
| 2026-04-15 | Exec/director changeExhibits | filing ↗ |
| 2026-04-09 | Exec/director changeExhibits | filing ↗ |
| 2026-03-06 | Auditor changeExhibits | filing ↗ |
| 2026-02-25 | Exec/director changeExhibits | filing ↗ |
| 2026-02-17 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-16 | 2026-06-16 | 0001104659-26-074241 ↗ |
| 8-K | 2026-06-01 | 2026-05-26 | 0001104659-26-068929 ↗ |
| 10-Q | 2026-04-28 | 2026-03-28 | 0000102729-26-000020 ↗ |
| 8-K | 2026-04-21 | 2026-04-21 | 0001104659-26-045698 ↗ |
| 8-K | 2026-04-15 | 2026-04-10 | 0000102729-26-000014 ↗ |
| 8-K | 2026-04-09 | 2026-04-08 | 0001104659-26-041226 ↗ |
| 8-K | 2026-03-06 | 2026-03-03 | 0001104659-26-024717 ↗ |
| 8-K | 2026-02-25 | 2026-02-22 | 0000102729-26-000010 ↗ |
| 10-K | 2026-02-24 | 2025-12-27 | 0000102729-26-000007 ↗ |
| 8-K | 2026-02-17 | 2026-02-17 | 0001104659-26-015732 ↗ |
| 10-Q | 2025-10-28 | 2025-09-27 | 0000102729-25-000053 ↗ |
| 8-K | 2025-10-24 | 2025-10-20 | 0000102729-25-000050 ↗ |