Filing Flows › Valmont Industries (VMI) › Q1 2025
Valmont Industries (VMI) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Valmont Industries (VMI) reported revenue of $969M for the first quarter 2025 (Q1 2025), -0.9% from a year earlier and -7% from the quarter before. Operating margin was 13.2%, net earnings $87.3M (9.0% of revenue).
Valmont Industries, Q1 2025: revenue $969M (-0.9% year over year), operating margin 13.2%, net earnings $87.3M, operating cash flow $65.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $969M | -7% | -0.9% |
| Gross profit | $291M | -7% | -5% |
| Operating profit | $128M | +7% | -2% |
| Net earnings | $87.3M | +11% | -1% |
| Operating cash flow | $65.1M | -66% | +179% |
| Free cash flow | $34.8M | -79% | +318% |
What changed
Revenue was $969.3M in Q1 2025, down 1% year over year and down 7% from the previous quarter. Utility was the largest line at 36% of revenue. Lighting and Transportation lost $18.6M year over year (down 9%), 219% of the total change.
Gross margin was 30.0%, down 1.3 points from a year earlier. Operating profit was $128.3M, a 13.2% margin (down 0.2 points year over year). Operating expenses fell 7% while revenue fell 1%. Net earnings were $87.3M, down 1% year over year. The effective tax rate was 26.1%.
Operating cash flow was $65.1M (up 179% year over year), 75% of net earnings. Non-cash charges added back $21.5M of depreciation and amortization and $7.2M of share-based compensation. Working capital and other items used $50.9M. Capital expenditures of $30.3M left free cash flow of $34.8M.
Questions
What was Valmont Industries' revenue in the first quarter 2025?
Valmont Industries (VMI) reported revenue of $969M for the first quarter 2025 (Q1 2025), -0.9% from a year earlier and -7% from the quarter before.
Was Valmont Industries profitable in the first quarter 2025?
Operating profit was $128M (13.2% of revenue) and net earnings $87.3M.
Source: Valmont Industries 10-Q on SEC EDGAR.