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Valmont Industries, Inc., along with its subsidiaries (collectively referred to as the Company, Valmont, we, us, or our ), is a diversified manufacturer of products and services for infrastructure and agriculture markets. Founded in 1946 and headquartered in Omaha, Nebraska, our purpose is to conserve resources and improve life.
10.13% operating margin is respectable but not wide. ROIC at 15.64%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue growth slowed to 0.7%, essentially flat. Margins also contracted 2.7pp. This is a business that needs a catalyst.
Free cash flow declined 37% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$4.16B
▲ +0.7% YoY
Net Income (TTM)
$371M
▲ +0.6% YoY
Op. Margin
10.64%
▼ -2.7pp YoY
ROIC
16.47%
▼ -0.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$346M
▼ -36.9% YoY
Op. Cash Flow (TTM)
$495M
▼ -20.3% YoY
Net Debt
$761M
Cash & Equiv.
$160M
5Y CAGR: +3.2%
5Y CAGR: +8.2%
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