SHARPE
Reported results
- GAAP net sales increased 5.5% to $1,103.8 million from $1,046.0 million in Q3 2025
- GAAP operating income increased 22.2% to $172.8 million (15.7% of net sales) from $141.5 million (13.5% of net sales)
- GAAP diluted earnings per share increased 25.3% to $6.24 from $4.98
- Generated operating cash flow of $100.5 million; cash and cash equivalents were $122.0 million with net leverage ratio of ~0.9x
- Infrastructure segment sales increased 9.1% to $882.1 million; Agriculture segment sales decreased 6.4% to $226.0 million
- Returned $97.2 million to shareholders through $82.3 million in share repurchases and $14.9 million in dividends
Guidance
- Adjusted diluted EPS guidance raised to $22.75 to $23.75 (from previous $22.25 to $23.50)
- Full-year 2026 net sales outlook reaffirmed at $4.3 to $4.45 billion
- Infrastructure net sales outlook reaffirmed at $3.4 to $3.5 billion
- Agriculture net sales outlook reaffirmed at $0.9 to $0.95 billion
- Capital expenditures outlook reaffirmed at $170 to $200 million
- Adjusted effective tax rate outlook reaffirmed at ~26.0%
Notes
YTD 2025 net earnings attributable to Valmont included a change in redemption value of redeemable noncontrolling interests of $26.2 million. Company revised product line presentation in Q1 2026. Adjusted figures exclude non-recurring items; see Reg G reconciliations in document for details.
Price and volatility reaction
The stock moved -0.3% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 452.25 | 2026-10-19 |
| Close after release | 450.68 | 2026-10-20 |
| Realised move | -0.3% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-20 (8-K, Item 2.02). Read the original filing on sec.gov.