Valmont

Valmont Reports Third Quarter 2023 Results and Updates Full-Year Financial Outlook

Retrieved on: 
Wednesday, October 25, 2023
Technology, Other Technology, Agritech, Agriculture, Natural Resources, Hardware, Average cost, GTRI Agricultural Technology Research Program, Legislation, Telephone, Science and technology in Asia, Transport, Share repurchase, Oportunidades, Conference, Wind, Valmont, Telecommunications, Growth, Interim, TD, Conference call, Steel, Valmont Industries, CDT, Video game, Risk management, Lighting

As expected, farmer sentiment remained somewhat muted during the quarter and the third quarter of 2022 benefited from the ongoing delivery of elevated backlog.

Key Points: 
  • As expected, farmer sentiment remained somewhat muted during the quarter and the third quarter of 2022 benefited from the ongoing delivery of elevated backlog.
  • Third quarter 2023 also benefited from approximately $5.5 million of favorable foreign currency translation impacts compared to last year.
  • During the third quarter of 2023, Valmont completed its annual impairment testing of goodwill and certain intangible assets.
  • During the third quarter of 2023, Valmont repurchased $31.5 million of Company stock, with $314.7 million remaining on the authorized share repurchase program.

Valmont and FieldSync Announce Groundbreaking Collaboration to Revolutionize Data Acquisition and Analytics in Telecommunications Infrastructure

Retrieved on: 
Tuesday, October 17, 2023
Professional Services, Data Management, Data Analytics, Technology, Agriculture, Telecommunications, Natural Resources, Partnership, Health, Chamberlain, NYSE, Acquisition, Food Safety and Inspection Service, Collection, Data collection, Growth, Maintenance, VMI, Valmont, Life, Retail, Asset management

Aiming to better fuse climbing and drone inspection methods, the collection and delivery of inspection data, and recommendations for infrastructure management, the partnership between Valmont and FieldSync marks a significant milestone in the evolution of data acquisition and analytics in the telecommunications market.

Key Points: 
  • Aiming to better fuse climbing and drone inspection methods, the collection and delivery of inspection data, and recommendations for infrastructure management, the partnership between Valmont and FieldSync marks a significant milestone in the evolution of data acquisition and analytics in the telecommunications market.
  • Leveraging FieldSync's state-of-the-art data acquisition technology, Valmont will be able to offer its customers real-time insights and comprehensive analytics that enable intelligent decision-making and proactive infrastructure management.
  • "The partnership between Valmont and FieldSync represents a significant leap forward in the telecommunications infrastructure industry," said Chamberlain.
  • Together, Valmont and FieldSync are committed to revolutionizing data acquisition and analytics in the telecommunications infrastructure industry.

THE RITZ-CARLTON SPA ORLANDO, GRANDE LAKES ANNOUNCES NEW PARTNERSHIP WITH LUXURY SWISS SKINCARE BRAND, VALMONT

Retrieved on: 
Wednesday, October 11, 2023
Elixir, Partnership, JW Marriott Hotels, Beauty, Young Reader's Choice Award, The Ritz-Carlton Hotel Company, System, Glacier, Luminosity, Energy, Masterpiece, Science, Lake, Nature, Valmont, House, Ice, Hotel

ORLANDO, Fla., Oct. 11, 2023 /PRNewswire/ -- The Ritz-Carlton Orlando, Grande Lakes is enhancing its offerings at the award-winning Ritz-Carlton Spa by launching a new partnership with The Valmont Group, a luxury Swiss skincare, beauty, fragrance, and aesthetics house. Guests can now experience new luxury treatments and purchase products directly at the spa — the only spa in Orlando and The Ritz-Carlton portfolio to offer this exclusive brand.

Key Points: 
  • ORLANDO, Fla., Oct. 11, 2023 /PRNewswire/ -- The Ritz-Carlton Orlando, Grande Lakes is enhancing its offerings at the award-winning Ritz-Carlton Spa by launching a new partnership with The Valmont Group, a luxury Swiss skincare, beauty, fragrance, and aesthetics house.
  • Guests can now experience new luxury treatments and purchase products directly at the spa — the only spa in Orlando and The Ritz-Carlton portfolio to offer this exclusive brand.
  • Located within Grande Lakes Orlando, the 500-acre luxury resort destination in the headwaters of the Florida everglades, which is also home to JW Marriott Orlando, Grande Lakes, The Ritz-Carlton Spa offers a 40,000-square-foot nature-inspired refuge.
  • For more information about The Ritz-Carlton Spa at The Ritz-Carlton Orlando, Grande Lakes and to book a reservation at Grande Lakes Orlando, visit www.grandelakes.com .

Valmont® Trade Program Welcomes 24 Apprentice and Pre-Apprentice Students Amid Growing Need for Skilled Trade Workers

Retrieved on: 
Thursday, September 21, 2023
Energy, Manufacturing, Technology, Human Resources, Primary, Secondary, Education, Training, Professional Services, Agriculture, Natural Resources, Other Technology, Other Manufacturing, Machinery, Steel, Utilities, Partnership, Valmont, OJT, Community college, Multimedia, Chattanooga, Tennessee, Student, VMI, Marion County School District, Chattanooga State Community College, Valmont Industries, City, Growth, NYSE, Welding, Female, Nursing, Management, Sequatchie County School Board

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    “In Tennessee alone, thousands of skilled trade positions across the industry are open to young professionals.
  • Program graduate Brett Kirk also now works at Valmont as a welder and fitter and said the program is nothing short of life-changing.
  • “Valmont’s program has given students like me a chance that, otherwise, I would have never had.
  • Valmont offers manufacturing career training opportunities in several areas and looks forward to working with additional education partners as it empowers the next generation of skilled workers.

Valmont Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, July 26, 2023
Technology, Other Technology, Agritech, Agriculture, Natural Resources, Hardware, Telecommunications, Lighting, Interim, International, Valmont Industries, Share repurchase, Infrastructure, Telephone, Solar, Valmont, Wind, Conference call, Acquisition, Investment, Growth, CDT, Transport, Conference, Video game, Renewable energy

In North America, sales were lower as the second quarter of 2022 benefited from the ongoing delivery of record year-end backlog and growers delaying capital investment decisions in the quarter.

Key Points: 
  • In North America, sales were lower as the second quarter of 2022 benefited from the ongoing delivery of record year-end backlog and growers delaying capital investment decisions in the quarter.
  • In the second quarter of 2022, the subsequently-divested business generated sales of $25.4 million and operating income of $0.5 million.
  • The Company generated solid second quarter 2023 operating cash flows of $88.3 million through strong earnings and effectively managing working capital.
  • During the quarter, Valmont repurchased $24.0 million of Company stock, with $346.3 million remaining on the share repurchase program.

Sustainably-Focused Concrete Utility Pole Manufacturing Facility Opens with Anticipated 100% Self-Generated Clean Energy

Retrieved on: 
Thursday, July 13, 2023
Urban Planning, Other Construction & Property, Agriculture, Natural Resources, Other Energy, Commercial Building & Real Estate, Other Manufacturing, Utilities, Construction & Property, Steel, Alternative Energy, Energy, Green Technology, Manufacturing, Sustainability, Building Systems, Environment, Life, Infrastructure, EVP, Electricity, Valmont, Lead, GHG, VMI, CO2, Growth, Transport, NYSE, Renewable energy

“Valmont’s decision to incorporate clean and renewable energy sources into their production facility shows innovative leadership in the manufacturing and industrial space.

Key Points: 
  • “Valmont’s decision to incorporate clean and renewable energy sources into their production facility shows innovative leadership in the manufacturing and industrial space.
  • The Bristol facility is the first concrete utility pole plant built in the Northeast/Midwest region of the country, meeting the ever-growing demand of the area.
  • This facility provides customers with additional utility pole options while improving freight costs and reducing emissions from transportation.
  • Valmont’s Bristol facility, concrete pole product line and overall utility product offering will be extremely valuable in supporting this growth.

Ameresco and Valmont Industries Announce Completion of Solar Array to Power Concrete Utility Pole Manufacturing Facility

Retrieved on: 
Thursday, July 13, 2023
Green Technology, Manufacturing, Environment, Research, Other Technology, Urban Planning, Building Systems, Architecture, Residential Building & Real Estate, Science, Other Natural Resources, Technology, Commercial Building & Real Estate, Construction & Property, Utilities, Alternative Energy, Natural Resources, Energy, Engineering, Life, Valmont Industries, Infrastructure, EVP, Electricity, Valmont, Lead, Multimedia, Carbon, PV, Conversion, VMI, Transport, NYSE, AMRC, Renewable energy

The solar installation on-site at the Bristol, IN facility is a model for Valmont Industries, one of the largest producers of utility structures in North America and is designed to offset 100% of the plant’s electricity usage.

Key Points: 
  • The solar installation on-site at the Bristol, IN facility is a model for Valmont Industries, one of the largest producers of utility structures in North America and is designed to offset 100% of the plant’s electricity usage.
  • View the full release here: https://www.businesswire.com/news/home/20230713223695/en/
    Ameresco and Valmont Industries announce completion of solar array to power 100% of electricity needs at concrete utility pole manufacturing facility in Bristol, IN.
  • “The eco-concrete utility pole product launching at the Bristol facility and its onsite solar array showcase Valmont’s focus as an industrial technology company delivering disruptive technologies to lead and transform the industries we serve,” said Aaron Schapper, Group President, Infrastructure, Valmont.
  • “We are thrilled to have partnered with Valmont on the solar installation at the Bristol facility,” said Lou Maltezos, EVP, Ameresco.

Valmont to Acquire HR Products, Australian Leader in Irrigation Parts

Retrieved on: 
Friday, July 7, 2023
Technology, Agritech, Agriculture, Natural Resources, Construction & Property, Landscape, VMI, Valmont, Acquisition, Hand, NYSE, Water supply

Valmont® Industries, Inc. (NYSE: VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced it has entered into a definitive agreement to acquire HR Products, a leading wholesale supplier of irrigation parts in Australia, expanding the Company’s geographic footprint and growing its parts presence in a key agriculture market.

Key Points: 
  • Valmont® Industries, Inc. (NYSE: VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced it has entered into a definitive agreement to acquire HR Products, a leading wholesale supplier of irrigation parts in Australia, expanding the Company’s geographic footprint and growing its parts presence in a key agriculture market.
  • “Due to the long life cycle of irrigation equipment, there is a substantial market to replace wearable parts.
  • Dixon continued, “Australia is a well-developed agriculture market and the region is focused on converting from flood irrigation as it has experienced persistent water supply challenges.
  • HR Products has a proven and successful distribution model with strong customer relationships and robust operations across the geographically-diverse country.

First Sustainably-Focused Concrete Utility Pole Manufacturing Facility with Anticipated 100% Self-Generated Clean Energy Launch

Retrieved on: 
Thursday, July 6, 2023
Other Manufacturing, Environment, Construction & Property, Steel, Other Energy, Urban Planning, Utilities, Alternative Energy, Manufacturing, Energy, Valmont, GHG, Carbon, Bookkeeping, Renewable energy

Chris Colwell, President of North America TD&S and L&T, Valmont

Key Points: 
  • Chris Colwell, President of North America TD&S and L&T, Valmont
    One of the world’s first facilities to convert concrete utility pole manufacture to sustainable specs, materials, process and plant energy operations, Valmont will open the on-site solar array co-located at its Bristol plant to offset an expected 100% of its energy consumption and transition to the environmentally-friendly poles for installment across the country.
  • An immediate impact will be seen in GHG avoidance and circularity for this utility pole product, a part of the cement industry currently responsible for approximately 8% of carbon emissions.

When Connections Matter Most, T-Mobile is Ready

Retrieved on: 
Thursday, June 15, 2023
Carriers and Services, Networks, Hispanic, Internet, Consumer, Drones, Technology, Environment, 5G, Satellite, Natural Disasters, Telecommunications, RV, Partnership, Wi-Fi, SAR, UN, Wildfire, TMUS, Valmont, Citizens Broadband Radio Service, Cattle, Human, Multimedia, WPS, Maritime Vsat, Disaster, Investment, Weather, National Military Command Center, T-Mobile, Rail transport by country, Jeep, Risk management, Mobile phone, Communications satellite

Expanding its community support fleet with new, fully loaded RV command centers and heavy-duty Wi-Fi vehicles.

Key Points: 
  • Expanding its community support fleet with new, fully loaded RV command centers and heavy-duty Wi-Fi vehicles.
  • Partnering with Pano AI and Valmont on innovative 5G emergency response.
  • When seconds matter during times of emergency or network congestion, WPS moves critical communications to the front of the line.
  • For more information on how T-Mobile prepares for and responds to disasters, visit T-Mobile’s Emergency Response Hub .