VMI · Valmont Industries Q2 FY2026 earnings call record财报电话会记录

“Net sales increased 6.5%, adjusted operating margins expanded 130 basis points, and adjusted earnings per share grew 25.8%.”

“Based on this performance, we are raising our full-year sales and earnings outlook.”

“This business is benefiting from higher internal volumes and growing third-party infrastructure demand.”

“Our priority is improving on-time delivery for our customers and manufacturing reliability.”

“In the Middle East, the primary business impacts are timing delays of certain customer projects as a result of the ongoing conflict in the region.”

“Operating income increased to $166.1 million and operating margin expanded 130 basis points to 14.8%, reflecting stronger operating performance across both segments.”

“Operating income increased to $154 million, with operating margins expanding 130 basis points to 17.6%, driven by higher utility pricing and volumes.”

“Importantly, operating margin was 16.5% in the quarter, improving 90 basis points year-over-year, supported by disciplined cost and risk management.”

“We repaid the remaining $60 million outstanding on our revolving credit facility and returned $75 million to shareholders through $60 million of share repurchases and $15 million in dividends.”

“We are increasing our infrastructure sales outlook to be between $3.4 billion to $3.5 billion while maintaining our agriculture outlook.”

“Using 2025 as the baseline, we're targeting 7% annual sales growth, expansion of operating margins to 17%, double-digit annual EPS growth, and a return on invested capital of 21% by the end of 2029.”

“Yes, it's our most accretive business, but we took significant actions to improve the profitability of this business, and it remains to be extremely profitable, even at the lower volumes, and that has been part of our element of our strength and driver of our ultimate strategy.”