Valmont reported ag sales of $332.2 million, up 8.3% year-over-year, with sales growth led by higher average selling prices of irrigation equipment globally.
Agriculture ales of $377.8 million increased 34% year-over-year, led by higher average selling prices of irrigation equipment globally and higher volumes, notably in North America and Brazil.
"We delivered strong financial results in our first quarter, exceeding our expectations and achieving another quarter of record sales," said Stephen G. Kaniewski, president and chief executive officer.
"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.
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