Valmont(US:VMI)2025-02-18 15:15Financial Performance - Valmont's full-year 2024 net sales reached $4075 billion, a decrease of 24% compared to $41746 billion in 2023[37] - The company's operating margin for the full year 2024 was 129%, an increase of 160 basis points from the 70% GAAP operating margin in 2023[7] - Full-year 2024 diluted EPS was $1719, an increase of 148% compared to $1498 in 2023[37] - Operating cash flows for the full year 2024 were $573 million, an increase of 867% compared to the previous year[7] - In Q4 2024, net sales were $10155 million, a 21% increase compared to $10373 million in Q4 2023[25] - Q4 2024 diluted EPS was $384, a 208% increase compared to $318 in Q4 2023[25] Segment Performance - Infrastructure sales in Q4 2024 increased by 21% to $7636 million from $7483 million in Q4 2023[29] - Agriculture sales in Q4 2024 increased by 23% to $2780 million from $2716 million in Q4 2023[33] - Utility sales in Q4 2024 increased by 59% to $3507 million[30] - Telecommunications sales in Q4 2024 increased by 308% to $741 million[30] - Solar sales in Q4 2024 decreased by 347% to $357 million due to strategic deselection of low-margin projects[30] 2025 Outlook - The company projects net sales between $40 billion and $42 billion for 2025, representing an approximate decrease of 2% to an increase of 3%[40] - Infrastructure net sales are projected to be between $302 billion and $316 billion, representing an increase of approximately 1% to 55%[40] - Agriculture net sales are projected to be between $980 million and $104 billion, representing a decrease of approximately 95% to 35%[40] - Diluted EPS is expected to be between $1720 and $1880, indicating a flat to 9% increase[40]