VMI

EX-99.1

2 vmi-20260721xex99d1.htm

EX-99.1

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Exhibit 99.1

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FOR IMMEDIATE RELEASE

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Contact:

Renee Campbell

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Email:

renee.campbell@valmont.com

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Date:

July 21, 2026

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Valmont Reports Second Quarter 2026 Results and Raises Full-Year 2026 Guidance

OMAHA, Neb.-- Valmont® Industries, Inc. (NYSE: VMI), a global leader that provides products and solutions to support vital infrastructure and advance agricultural productivity, today reported financial results for the second quarter ended June 27, 2026.

President and Chief Executive Officer Avner M. Applbaum commented, “Valmont delivered solid second quarter results, demonstrating the execution of our strategy and the strength of our market-leading businesses. In North America Utility and Coatings, commercial excellence, pricing discipline, and ongoing investments in capacity and operations drove another quarter of strong performance. Building on this momentum, we will continue strengthening our operations while leveraging our competitive advantages to capture the significant opportunities ahead. In Agriculture, we continue to navigate challenging market conditions through pricing discipline, operational execution, and cost management while investing in aftermarket solutions and technologies that improve grower productivity and reinforce our competitive advantage. These investments position the business to accelerate growth as market conditions improve.

“During the quarter, we hosted our Investor Day and outlined a clear roadmap for profitable growth, margin expansion, disciplined resource allocation, and higher returns on invested capital. The progress we’ve made this quarter reinforces our confidence in that path and our ability to deliver sustainable long-term value for our shareholders.”

Second Quarter 2026 Highlights (all metrics compared to Second Quarter 2025 unless otherwise noted)

●Net sales increased 6.5% to $1.12 billion, compared to $1.05 billion

●Operating income increased to $166.1 million or 14.8% of net sales, compared to $29.3 million or 2.8% of net sales ($141.4 million or 13.5% adjusted1)

●Diluted earnings (loss) per share increased to $6.14, compared to ($1.53) or $4.88 adjusted1

●Generated operating cash flow of $148.1 million; cash and cash equivalents were $139.1 million and net leverage ratio1 was ~1.0x

●Returned $74.9 million to shareholders through $60.0 million in share repurchases and $14.9 million in dividends

●Invested $35.9 million in capital expenditures to primarily support capacity investments for the North America Utility product line

1Please see Reg G reconciliation to GAAP measures at end of document

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Key Financial Metrics

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Second Quarter 2026

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GAAP

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Adjusted1

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(In thousands, except per-share amounts)

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6/27/2026

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6/28/2025

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6/27/2026

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6/28/2025

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Q2 2026

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Q2 2025

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vs. Q2 2025

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Q2 2026

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Q2 2025

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vs. Q2 2025

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Net Sales

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$

1,118,689

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$

1,050,548

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6.5%

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$

1,118,689

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$

1,050,548

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6.5%

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Gross Profit

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340,817

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321,167

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6.1%

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340,817

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322,761

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5.6%

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Gross Profit as a % of Net Sales

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30.5%

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30.6%

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30.5%

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30.7%

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Operating Income

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166,111

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29,276

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467.4%

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166,111

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141,356

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17.5%

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Operating Income as a % of Net Sales

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14.8%

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2.8%

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14.8%

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13.5%

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Net Earnings (Loss) Attributable to VMI2

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119,918

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(30,263)

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NM

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119,918

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97,198

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23.4%

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Diluted Earnings (Loss) per Share

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6.14

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(1.53)

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NM

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6.14

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4.88

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25.8%

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Weighted Average Shares Outstanding

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19,520

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19,809

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19,520

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19,930

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Year-to-Date 2026

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GAAP

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Adjusted1

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(In thousands, except per-share amounts)

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6/27/2026

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6/28/2025

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6/27/2026

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6/28/2025

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FY 2026

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FY 2025

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vs. FY 2025

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FY 2026

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FY 2025

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vs. FY 2025

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Net Sales

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$

2,147,886

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$

2,019,862

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6.3%

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$

2,147,886

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$

2,019,862

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6.3%

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Gross Profit

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657,695

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612,269

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7.4%

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657,695

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613,863

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7.1%

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Gross Profit as a % of Net Sales

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30.6%

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30.3%

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30.6%

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30.4%

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Operating Income

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321,737

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157,590

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104.2%

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321,737

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269,670

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19.3%

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Operating Income as a % of Net Sales

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15.0%

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7.8%

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15.0%

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13.4%

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Net Earnings Attributable to VMI2

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227,951

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56,998

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299.9%

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227,951

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184,459

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23.6%

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Diluted Earnings per Share

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11.65

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2.84

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310.2%

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11.65

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9.19

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26.8%

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Weighted Average Shares Outstanding

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Valmont Industries, Inc._February 17, 2026 0000102729false00001027292026-02-172026-02-17 ​ ​ ​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 February 17, 2026 Date of Report (Date of earliest event reported)

Valmont Industries, Inc. (Exact name of registrant as specified in its charter)

Delaware (State or other jurisdiction of incorporation) 1-31429 47-0351813

(Commission File Number) ​ (IRS Employer Identification No.)

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15000 Valmont Plaza ​ 68154

Omaha, Nebraska ​ ​

(Address of principal executive offices) ​ (Zip Code)

​ (402) 963-1000 Registrant's telephone number, including area code N/A (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: ​

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Title of each class ​ ​ Trading Symbol(s) ​ ​ Name of each exchange on which registered

Common Stock, $1.00 par value ​ VMI ​ New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ​ ​ ​ ​

Item 2.02. Results of Operations and Financial Condition. Valmont Industries, Inc. issued a press release on February 17, 2026 announcing its financial results for its fiscal year and quarter ended December 27, 2025. The press release is furnished with this Form 8-K as Exhibit 99.1. The information in Item 2.02 is being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. The information in Item 2.02 shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 9.01. Financial Statements and Exhibits. ​

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Exhibit No. ​ Description

99.1 ​ Earnings Press Release dated February 17, 2026

104 ​ Cover Page Interactive File (the cover page XBRL tags are embedded in the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ​

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VALMONT INDUSTRIES, INC.

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​ By: /s/ THOMAS LIGUORI

​ Name: Thomas Liguori ​

​ Title: Executive Vice President and Chief Financial Officer

​ Date: February 17, 2026 ​ ​ ​