VALMONT INDUSTRIES Business Summary

Valmont Industries Inc. (VMI) operates a diversified industrial manufacturing model, generating revenue through the production of engineered metal products and the provision of specialized services for global infrastructure and agriculture markets. The company is organized into two primary segments: Infrastructure, which manufactures utility structures, lighting and transportation poles, and telecommunications towers, and Agriculture, which produces mechanized irrigation equipment and precision technology solutions. Revenue streams include direct product sales, long-term service contracts for coatings and galvanizing, and recurring software-as-a-service (SaaS) fees from its Valley 365 and Prospera agricultural analytics platforms. Valmont maintains a dominant market position, holding over 40% of the global center-pivot irrigation market and leading the North American utility pole sector. Its primary competitors include Lindsay Corporation, Arcosa, Inc., Sabre Industries, and Hubbell Incorporated, against whom Valmont differentiates itself through its massive global manufacturing footprint and integrated technology-driven solutions. Founded in 1946 by Robert B. Daugherty, Valmont is currently led by President and CEO Avner M. Applbaum, who previously served as the company’s CFO and brought extensive industrial experience from roles at Ametek and TE Connectivity. The executive team includes Executive Vice President and CFO Thomas Liguori, a veteran financial leader with experience at several public firms, and SVP and Chief Information Officer Claudio O. Laterreur, who oversees the company’s digital transformation and cybersecurity initiatives. The company is governed by a board chaired by Mogens C. Bay and includes notable members such as Richard A. Lanoha, CEO of Kiewit Corporation. Valmont is a publicly traded entity with high institutional ownership, with major stakes held by prominent investment firms including The Vanguard Group, BlackRock, and State Street Corporation.