Valmont Industries (VMI) Earnings: Q3 Fiscal 2026 Results

The quarter ended September 26, 2026 and Valmont Industries published the results on October 20, 2026. Revenue and diluted EPS are shown against Q3 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Valmont reported no adjustments in Q3 fiscal 2026 or Q3 fiscal 2025, so its adjusted diluted EPS equals GAAP diluted EPS in both quarters.
• In Q1 fiscal 2026 Valmont changed its product line presentation (for example, North America Utility in place of Utility) and recast prior periods. Segment sales are shown before intersegment eliminations, which the Intersegment row removes.

Source: Valmont Industries Q3 2026 results, October 20, 2026. Also in the Form 10-Q for the quarter ended September 26, 2026. Figures as reported; checked against the release on November 10, 2026.

How Valmont Industries splits revenue in its own release, under its own labels, for Q3 fiscal 2026 against Q3 fiscal 2025. Indented lines are parts of the line above them.

• Valmont Industries's Infrastructure revenue was $882 million in Q3 fiscal 2026, up 9% from $808 million in Q3 fiscal 2025, 80% of total revenue.
• Valmont Industries's Agriculture revenue was $226 million in Q3 fiscal 2026, down 6% from $241 million in Q3 fiscal 2025, 20% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Valmont's outlook table keeps full-year net sales at $4.3 to $4.45 billion and raises adjusted diluted EPS to $22.75 to $23.75, from $22.25 to $23.50.

In its Q3 fiscal 2026 release, Valmont Industries said:

“The Company is reaffirming its full-year 2026 net sales outlook and raising its adjusted diluted EPS outlook.”

“Steel cost assumptions are aligned with markets as of October 16, 2026”

“This outlook includes the current tariffs as of October 16, 2026 and assumes no material change to the current trade or tariff environment”

Source: Valmont Q3 2026 release, Oct 20, 2026.

This is the company's own guidance as of Oct 20, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the VMI forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net sales and diluted EPS, each as first reported in that quarter's release. Q4 fiscal 2025 diluted EPS includes a $10.8 million change in the redemption value of redeemable noncontrolling interests.

We do not hold a confirmed date for Valmont Industries's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 fiscal 2026 (this page), reported Oct 20, 2026

Valmont Industries has two segments. Infrastructure, 79.7% of net sales in Q3 fiscal 2026, serves utility, lighting, transportation and telecommunications markets and provides coatings services to protect metal products; it had sales of $882.1 million, up 9.1%. Agriculture, 20.3% of net sales, makes Valley center pivot and linear irrigation equipment, parts and precision agriculture technology; its sales fell 6.4% to $226.0 million. Total net sales were $1,103.8 million, up 5.5%. (Valmont Q3 2026 release, Oct 20, 2026; Valmont Form 10-K, fiscal 2025, Feb 24, 2026)

North America Utility is Valmont's largest product line at $469.6 million, and its sales rose 23.0% on favorable pricing and higher volumes, which Valmont tied to increased electrical energy consumption and continued utility investment. North America Coatings grew 13.8% on infrastructure and data center demand. North America Telecommunications fell 33.8% to $54.9 million as carriers cut spending. (Valmont Q3 2026 release, Oct 20, 2026; Valmont Form 10-Q, Q3 fiscal 2026, Oct 27, 2026)

In Agriculture, North America sales rose 15.8% on higher volumes, including storm replacement activity, and favorable pricing. International Agriculture sales fell 25.3%, which Valmont attributed mainly to lower volumes in the Middle East and Brazil. (Valmont Q3 2026 release, Oct 20, 2026; Valmont Form 10-Q, Q3 fiscal 2026, Oct 27, 2026)

North America accounted for $846.4 million of consolidated sales and International for $257.4 million. Valmont says no single customer accounted for more than 10% of net sales in fiscal 2025, and that Australia contributed about 7% and Brazil about 4% that year. (Valmont Q3 2026 release, Oct 20, 2026; Valmont Form 10-K, fiscal 2025, Feb 24, 2026)

Valmont Industries' diluted EPS rose 25.3% to $6.24 in Q3 fiscal 2026, against $4.98. Valmont made no non-GAAP adjustments in either quarter, so adjusted EPS is the same figure. Operating income rose 22.2% to $172.8 million, or 15.7% of net sales, against 13.5%. (Valmont Q3 2026 release, Oct 20, 2026)

Agriculture operating income rose to $40.1 million, 17.9% of sales, from $23.2 million, mainly because expected credit losses in Brazil were about $12.7 million lower. Infrastructure operating income rose to $154.8 million, with a margin of 17.6% against 17.8%, as higher steel and zinc costs and the cost of ramping Utility capacity offset pricing. The segments recognized about $4.5 million and $1.6 million of IEEPA tariff refunds. (Valmont Q3 2026 release, Oct 20, 2026; Valmont Form 10-Q, Q3 fiscal 2026, Oct 27, 2026)

The effective tax rate was 25.6%, against 23.1% a year earlier. Diluted shares fell to 19,391 thousand from 19,876 thousand; Valmont repurchased 171,271 shares for $84.0 million in the quarter and 421,187 shares for $200.6 million over the first three quarters. (Valmont Form 10-Q, Q3 fiscal 2026, Oct 27, 2026; Valmont Q3 2026 release, Oct 20, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Valmont Industries gives a full-year outlook table in its release. After Q3 fiscal 2026 it kept net sales at $4.3 to $4.45 billion (Infrastructure $3.4 to $3.5 billion, Agriculture $0.9 to $0.95 billion) and raised adjusted diluted EPS to $22.75 to $23.75 from $22.25 to $23.50. It kept capital expenditures at $170 to $200 million and an adjusted effective tax rate of about 26.0%. (Valmont Q3 2026 release, Oct 20, 2026)

The outlook assumes steel costs and currency rates as of October 16, 2026 and the tariffs in place on that date. (Valmont Q3 2026 release, Oct 20, 2026)

A consensus figure is the average of the models published by the analysts who cover Valmont Industries, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Valmont Industries's own release and filings put weight on for Q3 fiscal 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning VMI is on is VMI a buy or a sell?, what analysts expect next is on the VMI forecast, and what the company does is on the Valmont Industries (VMI) stock page.

Every number on this page can be traced to a document Valmont Industries published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.