Valmont Industries has announced that it has entered into a definitive agreement to acquire the remaining 49% stake in AgSense for a purchase price of approximately $42 million.
Kazakh prime minister Askar Mamin oversaw the signing of an agreement with Valmont Industries on Dec. 9 during his working visit to the U.S., which will have Valmont invest in a new plant to produce irrigation systems in Kazakhstan.
Valmont Industries, Inc. (NYSE: VMI), a global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, reported financial results for the third quarter ended Sept. 28, 2019.
North America sales of $102.8 million were 9.7% below 2018 sales of $113.9 million. Adverse weather conditions and continued low net farm income levels are weighing on farmer sentiment and demand.
Valmont Industries, a global provider of engineered products and services for agriculture, recently announced the promotion of Renee L. Campbell to vice president of Investor Relations and Corporate Communications.
Valmont Industries, the manufacturer of irrigation equipment for agriculture, reports that it has closed its Valley, Neb., manufacturing facility until at least Wednesday, March 20, as flood waters have made it unsafe for employees.
Revenue of $678.7 million was down slightly compared to last year, as revenue gains in the Engineered Support Structures, Utility Support Structures and Coatings segments were offset by lower sales in Irrigation and unfavorable currency impacts of $12.6 million (1.9% of sales).
In today's newscast we look at the results of UBS Investment Research's 34th Dealer Survey, an update on Western Canada's crop and sales outlook for 2014, how the rail car shortage is impacting farmers in the Upper Midwest and Titan International and Valmont Industries second quarter results.
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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.