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Valmont Industries Is Not Just An Agriculture Play — Grid Modernization Changes The Story!

Valmont Industries, Inc. reported its second quarter 2026 results demonstrating growth driven primarily by its Infrastructure segment, particularly within the North America Utility and Coatings businesses, while the Agriculture segment continued to face challenging market conditions. Consolidated net sales rose 6.5% year-over-year to $1.12 billion, with Infrastructure sales up 14.8% to $879 million, led by a 33.9% increase in North America Utility due to volume and pricing growth amid robust demand for grid modernization and electrification projects. North America Coatings also benefited from infrastructure activity, delivering a 16.6% sales increase. Conversely, North America Lighting and Transportation declined slightly by 2.4%, and North America Telecom experienced a 26.1% decrease due to reduced carrier capital spending as 5G deployment peaked. Operating income increased to $166.1 million with adjusted operating margins expanding by 130 basis points to 14.8%. Infrastructure operating margins improved 130 basis points to 17.