Valmont Industries Inc. reported its second quarter 2025 financial results, highlighting a 1.0% increase in net sales to $1.05 billion, compared to $1.04 billion in the same period of 2024. This growth was attributed to higher sales in Utility, Telecommunications, and International Agriculture sectors, despite a decline in Solar and North America Agriculture sales. The company recorded an operating income of $29.3 million, which represents 2.8% of net sales. This is a decline from the $147.3 million or 14.2% of net sales reported in the second quarter of 2024. Valmont attributed the decrease in operating income to one-time charges totaling $112.1 million, including non-cash long-lived asset impairment charges of $91.3 million. Valmont Industries raised its full-year 2025 adjusted diluted earnings per share outlook to a range of $17.50 to $19.50, indicating confidence in future performance. The company also reported a significant increase in its backlog by $139.2 million or 9.7% since the end of 2024, driven primarily by strong demand in the Infrastructure sector. In addition, the company disclosed that it returned $113.6 million to shareholders through $100 million in share repurchases and $13.6 million in dividends during the quarter. Capital expenditures of $32 million were made to support strategic growth initiatives.
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