Valmont Industries (NYSE: VMI) announced a strategic plan to achieve approximately $5.4 billion in sales and $35 in earnings per share by 2029, driven by demand for utility infrastructure and operational improvements. CFO John Schwietz highlighted that this earnings target represents a 16.4% compound annual growth rate from 2025 and is based on ongoing organic initiatives. In 2025, Valmont reported about $4.1 billion in revenue, with 75% coming from infrastructure and expectations for North American utility sales to increase from $1.5 billion to approximately $2.5 billion by 2029.
The company anticipates a total utility investment of about $1.4 trillion through 2030, with a cumulative serviceable market valued at $53 billion for its structures and solutions. Management indicated that operational initiatives could yield $300 million in additional sales, complemented by disciplined capital allocation strategies projected to contribute an extra $2 per share in earnings. However, Valmont faces near-term cost pressures, including significant increases in steel and diesel prices, and acknowledges the competitive agricultural market dynamics impacting its growth forecast.
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