Valmont Industries

Valmont Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 21, 2024
Utilities, Manufacturing, Agriculture, Natural Resources, Energy, Other Manufacturing, Machinery, Acquisition, Telecommunications, Investment, VMI, Accounting, Public expenditure, Valmont Industries, Wind, Renewable energy

Valmont Industries, Inc. (NYSE: VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today reported financial results for the fourth quarter and fiscal year ended December 30, 2023.

Key Points: 
  • Valmont Industries, Inc. (NYSE: VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today reported financial results for the fourth quarter and fiscal year ended December 30, 2023.
  • President and Chief Executive Officer Avner M. Applbaum commented, “The Valmont team delivered fourth-quarter results in line with our expectations.
  • Despite lower sales volumes, we expanded gross profit margins year-over-year through successful pricing strategies and improved operational efficiencies in our facilities.
  • In Infrastructure, our solid results reflect continued strong utility market demand, and we achieved another quarter of adjusted operating margin improvement year-over-year despite lower Telecommunications volumes.

U.S. Silica Appoints Chief Accounting Officer

Retrieved on: 
Friday, December 15, 2023
Valmont Industries, Prairie View A&M University, Accounting, Business administration, NYSE, Senior, Controller, Management

In this role, Mr. Padgett will report to Kevin Hough, the Company's interim Executive Vice President and Chief Financial Officer.

Key Points: 
  • In this role, Mr. Padgett will report to Kevin Hough, the Company's interim Executive Vice President and Chief Financial Officer.
  • Most recently, he has served since 2022 as Senior Vice President and Chief Accounting Officer of Valmont Industries, a diversified manufacturer of products and services for infrastructure and agriculture markets.
  • From 2018 to 2022, he served as Senior Vice President and Chief Accounting Officer of DXP Enterprises, a distributor of maintenance, repair and operating products and services to a variety of end markets and business-to-business customers.
  • "I am excited to welcome Gene to our leadership team," stated Bryan Shinn, the Company's Chief Executive Officer.

Public Safety Towers Improves Public Safety Connectivity in Quincy, WA

Retrieved on: 
Tuesday, November 14, 2023
Technology, Mobile, Wireless, 5G, Law Enforcement, Emergency Services, Telecommunications, Public Policy, Government, Networks, Internet, Public Safety, Agriculture, Tourism, Multimedia, WFCA, Partnership, PSTC, First Responder Network Authority, Communication, Fire chief, Valmont Industries, AT&T, Mobile phone

The challenge was to bridge the gap between the community's demand for connectivity and the limitations of the current infrastructure.

Key Points: 
  • The challenge was to bridge the gap between the community's demand for connectivity and the limitations of the current infrastructure.
  • AT&T and PSTC tackled the issue with an innovative approach, enlisting the expertise of Fire Chiefs from the Western Fire Chiefs Association (WFCA) to work with local public safety to quickly identify coverage gaps faced by local public safety.
  • With this nontraditional deployment strategy, AT&T and PSTC were able to seamlessly bridge the immediate civilian cellular requirements and future public safety needs with one turnkey solution.
  • The additional integration of FirstNet (public safety broadband) was essential for the project, not only elevating the region's standards for commercial connectivity but also for public safety.

Orion Innovation Appoints Donna Milrod to its Board of Directors

Retrieved on: 
Monday, November 13, 2023
Senior, Audit, Cosmopolitan, Compensation, Partner, State Street Corporation, One Equity Partners, Cosmopolitan of Las Vegas, McKinsey & Company, DTCC, Clearing Corporation, Deutsche Bank, State Street, FICC, Valmont Industries, Management, Orion

EDISON, N.J., Nov. 13, 2023 /PRNewswire/ -- Orion Innovation ("Orion"), a leading digital transformation and product development services firm, today announced the appointment of Donna Milrod as an Independent Director of its Board of Directors.

Key Points: 
  • EDISON, N.J., Nov. 13, 2023 /PRNewswire/ -- Orion Innovation ("Orion"), a leading digital transformation and product development services firm, today announced the appointment of Donna Milrod as an Independent Director of its Board of Directors.
  • "I'm pleased to welcome Donna to Orion's Board of Directors," said Chip Schorr, Chairman of Orion's Board of Directors and Senior Managing Director at One Equity Partners.
  • "I am excited to join the Board of Orion Innovation as it is keenly focused on helping companies modernize their technology to execute their strategic business plans," said Milrod.
  • With this appointment, Orion now has seven members on its Board of Directors.

Valmont Board Declares Quarterly Dividend

Retrieved on: 
Tuesday, October 31, 2023
Agriculture, Natural Resources, Valmont Industries, NYSE, VMI, Holding company, Management

Valmont Industries, Inc. (NYSE: VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced that its Board of Directors has declared a quarterly dividend of $0.60 per share payable on January 16, 2024 to shareholders of record on December 29, 2023.

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 that its Board of Directors has declared a quarterly dividend of $0.60 per share payable on January 16, 2024 to shareholders of record on December 29, 2023.
  • The dividend indicates an annual rate of $2.40 per share.

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 Industries, Inc. Announces Third Quarter 2023 Earnings Call

Retrieved on: 
Wednesday, October 11, 2023
Landscape, Agriculture, Building Systems, Natural Resources, Construction & Property, CDT, News, VMI, NYSE, Telephone, Interim, Conference call, Valmont Industries, Conference, Video game, Communications satellite

Valmont® Industries, Inc. (NYSE: VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, will host its third quarter 2023 earnings conference call on Thursday, October 26, 2023 beginning at 8:00 a.m. CDT.

Key Points: 
  • Valmont® Industries, Inc. (NYSE: VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, will host its third quarter 2023 earnings conference call on Thursday, October 26, 2023 beginning at 8:00 a.m. CDT.
  • A news release outlining third quarter results will be distributed after market close on Wednesday, October 25, 2023.
  • A replay of the event can be accessed three hours after the call at the above link or by telephone at 1-877-660-6853 or 1-201-612-7415.
  • The replay will be available through 10:59 p.m. CDT on November 2, 2023.

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.

Penny Pritzker to Conclude Tenure as Chair of the Board for the Carnegie Endowment for International Peace

Retrieved on: 
Friday, September 15, 2023
Morgan Stanley, Climate, BA, Enterprise asset management, Harvard University, Diplomacy, New York State Common Retirement Fund, Policy, Tino, Wall Street, MBA, Research, Penny, Carnegie Endowment for International Peace, Carleton College, Sustainability, Investment, Trustee, Commerce, Valmont Industries, General Atlantic, Family, Female, Management

Pritzker stated, “The Carnegie Endowment is among the world’s leading sources of independent research and ideas to help policymakers reduce conflict and build a more prosperous world.

Key Points: 
  • Pritzker stated, “The Carnegie Endowment is among the world’s leading sources of independent research and ideas to help policymakers reduce conflict and build a more prosperous world.
  • Previously, Pritzker served as the secretary of commerce from 2013 to 2017 under then president Barack Obama.
  • A year after joining Carnegie’s board, Pritzker was elected in 2018 to serve as chair.
  • The Carnegie Endowment for International Peace is a nonpartisan global think tank with operations in the United States, Asia, Europe, and the Middle East.

Valmont® Holds Signing Day for 24 New Apprentice and Pre-Apprentice Students

Retrieved on: 
Thursday, September 14, 2023
Education, Training, Agriculture, Natural Resources, Workforce, Chattanooga State Community College, Partnership, Student, Global Operations, Valmont Industries, Management

Valmont Industries, Inc., a global leader in creating vital infrastructure and advancing agricultural productivity, will host an apprenticeship signing event on Wednesday, September 20, at 9 a.m. in Jasper at 1950 Industrial Blvd.

Key Points: 
  • Valmont Industries, Inc., a global leader in creating vital infrastructure and advancing agricultural productivity, will host an apprenticeship signing event on Wednesday, September 20, at 9 a.m. in Jasper at 1950 Industrial Blvd.
  • Seven new apprentices and 17 high school pre-apprentices will join Valmont’s manufacturing trade programs — an alternative career pathway for students to enter a high-demand, high-wage career field with opportunities for advancement.
  • Launched in 2019, this program has had 37 graduates, with over a dozen working full-time at Valmont.
  • Valmont’s program contributes to the tradition of skilled trade workers by nurturing this next generation of professionals.