Zacks Investment Research
28 Oct 2026, 16:41 UTC · 3h ago
VMI Q3 Earnings Beat Estimates on Utility Strength, Sales Miss
Impact · against what's priced in
Valmont Industries (VMI) shows a strong divergence between earnings power and top-line growth, with utility strength driving a significant EPS beat despite an agriculture slump. While the operational efficiency is positive, the gross margin contraction suggests that raw material inflation is currently outpacing pricing power.
- VMI+0.30
No priced-in read yet
- In context
Q3 EPS of $6.24 beat estimates by 9.5% and grew 25.3% YoY, primarily driven by a 23% jump in North America Utility sales. However, the positive is tempered by a revenue miss and a 40bps gross margin contraction to 30% due to higher steel and zinc costs.
Read from the article alone
