Filing Flows › Valmont Industries (VMI) › Q3 2026 › vs Q2 2026
Valmont Industries (VMI) Q3 2026 vs Q2 2026 (quarter over quarter)
Valmont Industries's revenue fell $14.9M (-1%) from $1.1B in Q2 2026 to $1.1B in Q3 2026. The biggest changes: Product sales −$13.2M (-1%); North America Telecommunications −$2.1M (-4%); North America Coatings +$396K (+0.6%). Gross margin 30.0% against 30.5% (-0.4 pts).
Valmont Industries, Q3 2026: revenue $1.1B (+6% year over year), operating margin 15.7%, net earnings $121M, operating cash flow $100M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 30.0% | 30.5% | -0.4 pts |
| Operating margin | 15.7% | 14.8% | +0.8 pts |
| Net margin | 11.0% | 10.7% | +0.2 pts |
| Free cash flow margin | 5.0% | 10.0% | -5.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| North America Utility | $470M | $457M | $12.9M | +3% |
| Agriculture | $224M | $242M | −$17.8M | -7% |
| International Infrastructure and Solar | $160M | $166M | −$5.3M | -3% |
| North America Lighting and Transportation | $127M | $131M | −$3.0M | -2% |
| Product sales | $982M | $995M | −$13.2M | -1% |
| North America Coatings | $67.2M | $66.8M | $396K | +0.6% |
| North America Telecommunications | $54.9M | $57.0M | −$2.1M | -4% |
| Revenue | $1.1B | $1.1B | −$14.9M | -1% |
| Gross profit | $331M | $341M | −$9.4M | -3% |
| Cost of revenue | $772M | $778M | −$5.5M | -0.7% |
| Operating profit | $173M | $166M | $6.7M | +4% |
| Operating expenses | $159M | $175M | −$16.2M | -9% |
| Pre-tax earnings | $163M | $162M | $810K | +0.5% |
| Other expense, net | $9.5M | $3.6M | $5.9M | +163% |
| Net earnings | $121M | $120M | $1.1M | +0.9% |
| Minority interests | $411K | $304K | $107K | +35% |
| Income tax | $41.8M | $42.0M | −$168K | -0.4% |
| Depreciation & amortization | $26.0M | $24.2M | $1.8M | +7% |
| Share-based compensation | $6.3M | $5.9M | $367K | +6% |
| Working capital & other | $52.8M | $1.9M | $50.9M | 28× |
| Operating cash flow | $100M | $148M | −$47.6M | -32% |
| Free cash flow (OCF − capex) | $54.9M | $112M | −$57.3M | -51% |
| Capital expenditures | $45.6M | $35.9M | $9.6M | +27% |
Questions
How much did Valmont Industries's revenue grow quarter over quarter in Q3 2026?
Valmont Industries's revenue fell $14.9M (-1%) from $1.1B in Q2 2026 to $1.1B in Q3 2026.
What drove Valmont Industries's revenue change in Q3 2026?
Product sales −$13.2M (-1%); North America Telecommunications −$2.1M (-4%); North America Coatings +$396K (+0.6%).