Valmont Industries, Inc. reported financial results for the third quarter ended September 26, 2026, and updated its full-year outlook. The company reported net sales of $1.10 billion for the quarter, a 5.5% increase compared to the same period in 2025. Operating income rose to $172.8 million, or 15.7% of net sales, up from $141.5 million, or 13.5% of net sales, in the prior year. Diluted earnings per share increased 25.3% to $6.24, compared to $4.98 in the third quarter of 2025.
For the year-to-date period ending September 26, 2026, net sales reached $3.25 billion, a 6.1% increase over the prior year. Net earnings attributable to Valmont increased 123.7% to $349.0 million, and diluted earnings per share increased 129.2% to $17.88.
Valmont raised its full-year 2026 adjusted diluted earnings per share guidance to a range of $22.75 to $23.75, up from the previous outlook of $22.25 to $23.50. The company reaffirmed its net sales outlook for the full year of $4.3 billion to $4.45 billion. Capital expenditures are expected to remain within the range of $170 million to $200 million.
Segment performance for the third quarter included Infrastructure sales of $882.1 million, a 9.1% increase year-over-year, and Agriculture sales of $226.0 million, a 6.4% decrease. The company generated operating cash flow of $100.5 million and returned $97.2 million to shareholders through share repurchases and dividends.
