Profile: Valmont Industries Inc (VMI)
16 Mar 2018
Valmont Industries, Inc., incorporated on August 2, 1974, is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company's segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other. Within its Energy and Mining segment, the Company manufactures industrial access systems, grinding media used in mining operations, and complex steel structures used in wind energy and utility transmission applications outside the United States. It also provides metal coating services, including galvanizing, painting and anodizing in its Coatings segment. Its products sold through the ESS segment include outdoor lighting, traffic control, and roadway safety structures, wireless communication structures and components. Its pole structures sold through Utility segment support electrical transmission and distribution lines and related power distribution equipment. Its Irrigation segment produces mechanized irrigation equipment that delivers water, chemical fertilizers and pesticides to agricultural crops. Its customers and end users include state and federal governments, contractors, utility and telecommunications companies, manufacturers of commercial lighting fixtures and large farms, as well as the general manufacturing sector.
Engineered Support Structures
The Engineered Support Structures segment manufactures steel, aluminum, and composite poles and structures to which lighting and traffic control fixtures are attached for a range of outdoor lighting applications, such as streets, highways, parking lots, sports stadiums and commercial and residential developments. It also offers decorative lighting poles. This product line also includes roadway safety systems, including guard rail barrier systems, wire rope safety barriers, crash attenuation barriers and other products designed to redirect vehicles when off course and to prevent collisions between vehicles. Highway safety systems are also designed and engineered to absorb collisions and ultimately reduce roadway fatalities and injury. The Company also manufactures and distributes a range of structures (poles and towers) and components serving the wireless communication market. A wireless communication cell site mainly consists of a steel pole or tower, shelter (enclosure where the radio equipment is located), antennas (devices that receive and transmit data and voice information to and from wireless communication devices) and components (items that are used to mount antennas to the structure and to connect cabling and other parts from the antennas to the shelter).
Utility Support Structures Segment
The Utility Support Structures Segment manufactures steel and concrete pole structures for electrical transmission, substation and distribution applications. It produces tapered steel and pre-stressed concrete poles for high-voltage transmission lines, substations (which transfer high-voltage electricity to low-voltage transmission) and electrical distribution (which carry electricity from the substation to the end user). In addition, the Company produces hybrid structures, which are structures with a concrete base section and steel upper sections.
Energy and Mining Segment
The Energy and Mining Segment produces and distributes access systems, which are engineered structures and components that allow people to move safely in an industrial, infrastructure or commercial facility. It also produces a line of products, which are used in architectural applications. Products offered in this product line are usually engineered to specific customer requirements and include floor gratings, handrails, barriers and sunscreens. This segment also manufactures complex steel structures, rotor houses, crown-mounted compensators, winches, cranes and material handling equipment for offshore and land-based wind energy, oil and gas, and utility transmission outside of North America. It also produces forged steel products used in the mining processing industry.
The Coatings Segment consists of galvanizing, anodizing and powder coating services on a global basis. Its services include hot-dipped galvanizing, anodizing, powder coating and e-coating. The Company takes unfinished products from its customers and return them with a galvanized, anodized or painted finish. It also paints products using powder coating and e-coating technology (where paint is applied through an electrical charge) for various industries and markets.
The Irrigation Segment manufactures and distributes mechanical irrigation equipment and related service parts under the Valley brand name. A Valley irrigation machine usually is powered by electricity and propels itself over a farm field, and applies water and chemicals to crops. Its irrigation machines can also irrigate fields by moving up and down the field as opposed to rotating in a circle (referred to as a linear machine). It also offers growers options to control multiple irrigation machines through centralized computer control or mobile remote control. The Company, through its ownership in AgSense LLC, develops and markets remote monitoring technology for pivot irrigation systems that is sold on a subscription basis under the WagNet product name. WagNet technology allows growers to remotely monitor and operate irrigation equipment and other farm structures, such as grain bins. It also manufactures tubular products for industrial customers primarily in the agriculture industry, as well as in the transportation and other industries.
Valmont Industries Inc
PO Box 358
VALLEY NE 68064-0358
Company Web Links
- BRIEF-Valmont Reports Q4 GAAP Loss Per Share $0.16
- BRIEF-Valmont Industries Estimates One Time Tax Expense From Tax Cuts And Jobs Act
- BRIEF-Valmont Appoints Two New Members To Its Board Of Directors And Announces Lead Director Succession
- BRIEF-Valmont Industries Inc says co and subsidiaries entered into a first amended and restated credit agreement
- BRIEF-Valmont Industries reports Q3 earnings per share $1.55