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 moreIn its irrigation segment, the company reported a 57.6 percent increase in sales compared to 2020.
Read moreThe announcement said the transaction will create the largest global, vertically-integrated AI company in agriculture.
Read moreIn its second quarter outlook, Valmont expects net sales to increase by 17 to 20 percent compared to last year.
Read moreIt will become the largest connected irrigation project on the planet.
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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.”
Read moreValmont 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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