Valmont Industries (VMI) Investor presentation summary

Company history and market position

• Founded in 1946, pioneered mechanized irrigation and diversified into infrastructure products.

• Publicly listed since 1968, expanded globally through organic growth and strategic M&A.

• Serves specialized markets with strong, enduring demand drivers and a resilient business model.

Financial performance and business scale

• 2025 net sales reached $4.1B with a market cap of $9.4B and operations in 100+ countries.

• Adjusted operating income for 2025 was $535M (17.3% margin for infrastructure, 9.9% for agriculture).

• Consistent growth in net sales, adjusted operating income, and EPS from 2021 to 2025.

• 2025 GAAP operating income was $416M, with diluted EPS of $16.79.

Market drivers and strategic focus

• Growth driven by rising energy demand, aging infrastructure, and need for resource efficiency.

• Infrastructure portfolio includes utility, lighting, coatings, and telecom, with utility making up 49% of 2025 sales.

• Agriculture portfolio led by irrigation equipment (91% of segment sales), with technology and international sales as growth areas.