Filing Flows › Valmont Industries (VMI) › Q1 2026
Valmont Industries (VMI) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Valmont Industries (VMI) reported revenue of $1.0B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -0.9% from the quarter before. Operating margin was 15.1%, net earnings $108M (10.5% of revenue).
Valmont Industries, Q1 2026: revenue $1.0B (+6% year over year), operating margin 15.1%, net earnings $108M, operating cash flow $103M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | -0.9% | +6% |
| Gross profit | $317M | +2% | +9% |
| Operating profit | $156M | +34% | +21% |
| Net earnings | $108M | -36% | +24% |
| Operating cash flow | $103M | -7% | +59% |
| Free cash flow | $68.9M | -2% | +98% |
What changed
Revenue was $1.0B in Q1 2026, up 6% year over year and down 1% from the previous quarter. North America Utility was the largest line at 41% of revenue. North America Utility added $0.09B year over year (up 27%), 153% of the total change. Agriculture declined 15%.
Gross margin was 30.8%, up 0.8 points from Q1 2025. Operating profit was $0.16B, a 15.1% margin (up 1.9 points year over year). Of the extra revenue versus Q1 2025, 46% reached operating profit, above the 13% margin then. Operating expenses fell 1% while revenue rose 6%. Net earnings were $0.11B, up 24% year over year. The effective tax rate was 25.6%.
Operating cash flow was $0.10B (up 59% year over year), 96% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.03B. Capital expenditures of $0.03B left free cash flow of $0.07B.
Questions
What was Valmont Industries' revenue in the first quarter 2026?
Valmont Industries (VMI) reported revenue of $1.0B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -0.9% from the quarter before.
Was Valmont Industries profitable in the first quarter 2026?
Operating profit was $156M (15.1% of revenue) and net earnings $108M.
Source: Valmont Industries 10-Q on SEC EDGAR.