Filing Flows › Valmont Industries (VMI) › Q3 2025
Valmont Industries (VMI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 28, 2025
Valmont Industries (VMI) reported revenue of $1.0B for the third quarter 2025 (Q3 2025), +3% from a year earlier and -0.4% from the quarter before. Operating margin was 13.5%, net earnings $99.0M (9.5% of revenue).
Valmont Industries, Q3 2025: revenue $1.0B (+2% year over year), operating margin 13.5%, net earnings $99.0M, operating cash flow $113M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | -0.4% | +3% |
| Gross profit | $318M | -0.9% | +5% |
| Operating profit | $141M | +383% | +13% |
| Net earnings | $99.0M | — | +19% |
| Operating cash flow | $113M | -33% | -50% |
| Free cash flow | $70.6M | -48% | -66% |
What changed
Revenue was $1.0B in Q3 2025, up 3% year over year and roughly flat from the previous quarter. Utility was the largest line at 37% of revenue. Utility added $0.04B year over year (up 12%), 166% of the total change. Solar declined 52%.
Gross margin was 30.4%, up 0.9 points from a year earlier. Operating profit was $0.14B, a 13.5% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 61% reached operating profit, above the 12% margin then. Operating expenses grew 0% against revenue growth of 3%. Net earnings were $0.10B, up 19% year over year. The effective tax rate was 23.1%.
Operating cash flow was $0.11B (down 50% year over year), 111% of net income including minority interests. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.02B. Capital expenditures of $0.04B left free cash flow of $0.07B.
Questions
What was Valmont Industries' revenue in the third quarter 2025?
Valmont Industries (VMI) reported revenue of $1.0B for the third quarter 2025 (Q3 2025), +3% from a year earlier and -0.4% from the quarter before.
Was Valmont Industries profitable in the third quarter 2025?
Operating profit was $141M (13.5% of revenue) and net earnings $99.0M.
Source: Valmont Industries 10-Q on SEC EDGAR.