Valmont Reports Q4 and Fiscal Year Earnings
Valmont Industries, Inc. has reported financial results for the fourth quarter and fiscal year ended December 31, 2022.
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Valmont
Valmont Reports Q2 Results
Record Net Sales of $1.1 billion increased 26.9% – Operating Income increased to $118.7 million, or 10.5% of net sales ($122.9 million or 10.8% adjusted1) compared to $82.6 million or 9.2% of net sales ($90.9 million or 10.2% adjusted1)
Read moreValmont Expects Huge Increase in Irrigation Sales
In its irrigation segment, the company reported a 57.6 percent increase in sales compared to 2020.
Read moreValmont to Acquire Prospera
The announcement said the transaction will create the largest global, vertically-integrated AI company in agriculture.
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Valmont: Double-Digit Sales Increases, Record Backlog
In its second quarter outlook, Valmont expects net sales to increase by 17 to 20 percent compared to last year.
Read moreValmont Secures $240 Million Project in Africa
It will become the largest connected irrigation project on the planet.
Read moreNorth American Irrigation Sales Stable for Valmont
CEO Stephen Kaniewski said even “with the impact of muted net farm income and trade uncertainty, our North American irrigation business performed well, supported by higher sales of advanced technology solutions.”
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Valmont Invests in Asia, Acquires AgSense
Valmont Industries has signed an agreement with Kazakhstan to invest in a new plant to produce irrigation systems in the Asian nation. The company also has agreed to acquire the remaining 49 percent stake in AgSense.
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