Valmont Industries reported second-quarter 2025 net sales of $1,050.548 million, a 1.0% increase compared to the prior year period. The company posted a GAAP net loss of $4.020 million, or ($1.53) per diluted share, which included significant one-time charges. Adjusted diluted earnings per share were $4.88, a slight decrease from an adjusted $4.91 in Q2 2024.
The GAAP operating income decreased 80.1% to $29.276 million, primarily due to an $89.4 million impairment of long-lived assets in the Infrastructure segment and $8.9 million in organizational realignment charges across Agriculture and Corporate. Despite these charges, adjusted operating income was $141.356 million, a 4.0% decrease from the prior year.
The Infrastructure segment's sales were similar to the prior year at $765.5 million, with growth in Utility and Telecommunications sales offsetting declines in Solar. Agriculture sales increased 2.7% to $289.4 million, driven by strong international growth in EMEA and Brazil, which mitigated lower North American volumes. Following these realignment actions, Valmont raised its full-year 2025 adjusted diluted earnings per share outlook to a range of $17.50 to $19.50, up from the previous guidance of $17.20 to $18.80, while maintaining its net sales outlook of $4.0 billion to $4.2 billion.
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