Valmont Industries Inc (NYSE: VMI)

Valmont Industries, Inc. is a diversified manufacturer of products and services for infrastructure and agriculture markets. The company designs engineers and manufactures steel prestressed concrete and composite structures for utility transmission substations and distribution. It also produces poles and structures for lighting and transportation provides coatings services to protect metal products and makes telecommunications towers small cell structures and solar trackers. In agriculture it manufactures center pivot and linear irrigation equipment aftermarket parts tubular products and offers advanced technology solutions for precision agriculture. Founded in 1946 and headquartered in Omaha Nebraska the company has been publicly traded since 1968 and its shares trade on the New York Stock Exchange under the ticker VMI.

The company generates revenue primarily through the sale of its infrastructure and agriculture products and services to a diverse customer base. Infrastructure revenue comes from utility structures lighting and transportation poles coatings services telecommunications equipment and solar trackers. Agriculture revenue is derived from center pivot and linear irrigation systems aftermarket parts tubular products and precision agriculture technology solutions. Customers include electric utilities wireless carriers solar developers telecom firms and farmers across North America and international markets.

The company operates through the following segments: Infrastructure and Agriculture.

• Infrastructure: This segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, lighting, transportation, telecommunications and solar along with coatings services to protect metal products.

• Agriculture: This segment consists of the manufacture of center pivot and linear irrigation equipment components for agricultural markets, including aftermarket parts, tubular products, and advanced technology solutions for precision agriculture.

In the infrastructure sector Valmont is recognized for its engineering expertise and ability to win competitive bids while maintaining long term preferred provider relationships with key customers. The company leverages its broad manufacturing footprint to deliver high value solutions with quality reliability and timely delivery. In the agriculture market Valmont is considered a leader among the main participants in mechanized irrigation and competes on product durability innovation and service. Its competitive advantages include a strong dealer network global manufacturing presence and a focus on technology integration.

The company serves a broad range of customers including electric utilities wireless telecom carriers solar developers and firms involved in lighting transportation and highway safety. In agriculture its customers are farmers agricultural cooperatives and agribusinesses that purchase irrigation equipment technology solutions and related parts. No single customer accounts for a material portion of revenue in either segment.