Valmont Industries (VMI) shares plummeted 5.07% during Tuesday's intraday trading session following the release of its fourth-quarter financial results that fell short of analyst expectations.
The infrastructure and agriculture company reported adjusted earnings per share of $4.92 for the quarter, missing the consensus estimate of $4.96. Quarterly sales of $1.038 billion also came in below the expected $1.043 billion. While the company's infrastructure segment showed strength with 21% sales growth driven by utility sector demand, the agriculture segment experienced a significant 19.9% decline due to market softness in North America and Brazil, along with lower project sales in the Middle East.
Valmont also faced elevated legal and credit loss expenses in its Brazil agriculture business, which impacted adjusted operating income. For fiscal 2026, the company provided EPS guidance of $20.50 to $23.50, with the midpoint slightly below analyst expectations of $21.15, and sales guidance of $4.2 billion to $4.4 billion compared to estimates of $4.28 billion.