Filing Flows › Valmont Industries (VMI) › Q3 2026
Valmont Industries (VMI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 27, 2026
Valmont Industries (VMI) reported revenue of $1.1B for the third quarter 2026 (Q3 2026), +6% from a year earlier and -1% from the quarter before. Operating margin was 15.7%, net earnings $121M (11.0% of revenue).
Valmont Industries, Q3 2026: revenue $1.1B (+6% year over year), operating margin 15.7%, net earnings $121M, operating cash flow $100M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -1% | +6% |
| Gross profit | $331M | -3% | +4% |
| Operating profit | $173M | +4% | +22% |
| Net earnings | $121M | +0.9% | +22% |
| Operating cash flow | $100M | -32% | -11% |
| Free cash flow | $54.9M | -51% | -22% |
What changed
Revenue was $1.1B in Q3 2026, up 6% year over year and down 1% from the previous quarter. North America Utility was the largest line at 43% of revenue. North America Utility added $0.09B year over year (up 23%), 152% of the total change. North America Telecommunications declined 34%.
Gross margin was 30.0%, down 0.4 points from Q3 2025. Operating profit was $0.17B, a 15.7% margin (up 2.1 points year over year). Of the extra revenue versus Q3 2025, 54% reached operating profit, above the 14% margin then. Operating expenses fell 10% while revenue rose 6%. Net earnings were $0.12B, up 22% year over year. The effective tax rate was 25.6%.
Operating cash flow was $0.10B (down 11% year over year), 83% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.05B left free cash flow of $0.05B.
Questions
What was Valmont Industries' revenue in the third quarter 2026?
Valmont Industries (VMI) reported revenue of $1.1B for the third quarter 2026 (Q3 2026), +6% from a year earlier and -1% from the quarter before.
Was Valmont Industries profitable in the third quarter 2026?
Operating profit was $173M (15.7% of revenue) and net earnings $121M.
Source: Valmont Industries 10-Q on SEC EDGAR.