Tue, Feb 25, 9:58 PM (59 days ago)
Valmont Industries, Inc. (VMI) reported fiscal 2024 10‑K results for the period ended December 28, 2024, with consolidated net sales of ~$4,075M (in thousands) down 2.4% versus 2023, while gross profit margin improved to 30.5%. Infrastructure segment performance drove much of the positive operating income, which rose by nearly 80% to ~$524.6M, and net earnings more than doubled to ~$348.3M, boosting diluted EPS to $17.19 from $6.78. SG&A expenses fell due to cost reductions from a 2023 Realignment Program. Strategic acquisitions (e.g., HR Products) and divestitures (e.g., George Industries) were executed to refine the portfolio. The company maintained robust liquidity ($164M cash), low leverage (0.99), an enhanced share repurchase program, and effective risk and internal control management.