"We achieved record sales for the second consecutive quarter through continued price management and strong market demand, while remaining highly focused on operational excellence and execution," said Stephen G. Kaniewski, president and chief executive officer.
Valmont reported record third quarter net sales of $868.8 million, an increase of 18.4%, with growth in all segments led by significantly higher Irrigation sales
Global agriculture sales of $282 million increased 87.2% year-over-year, due to higher volumes across all markets, particularly in North America, the Middle East and Brazil, favorable pricing and higher technology sales.
Valmont Industries today announced it has entered into a definitive agreement to acquire Prospera Technologies Inc., (“Prospera”) a leading privately-held Israeli-based AI company, focused on ML and CV in agriculture.
Net sales of $2.9 billion increased 4.6% in 2020, with significantly higher sales in the Utility Support Structures and Irrigation segments partially offset by lower sales in the Engineered Support Structures and Coatings segments due to COVID-19 impacts.
Valmont has reported net sales of $734 million increased 6.3% led primarily by significantly higher Utility Support Structures segment sales and improved international market demand.
Valley Irrigation has acquired PrecisionKing, a Mississippi-based ag tech company with products focused on moisture monitoring, pump control and remote sensing, especially of flood irrigation.
Net Sales of $688.8 million declined 1.7%; excluding $13.7 million of unfavorable currency impacts, sales were similar to last year, as strong growth in Utility Support Structures was offset by lower sales in the Coatings segment due to COVID-19 impacts, as expected.
Valmont Industries, a global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, has announced the purchase of a majority stake in Energia Solar do Brasil (Solbras), a solutions provider in the photovoltaic (PV) energy sector.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.