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Valmont Industries Inc. Reports Operating Results (10-K)

February 23, 2011 | About:

Valmont Industries Inc. (NYSE:VMI) filed Annual Report for the period ended 2010-12-25.

Valmont Industries has a market cap of $2.79 billion; its shares were traded at around $105.77 with a P/E ratio of 26.4 and P/S ratio of 1.6. The dividend yield of Valmont Industries stocks is 0.6%. Valmont Industries had an annual average earning growth of 15.8% over the past 10 years. GuruFocus rated Valmont Industries the business predictability rank of 2.5-star.Hedge Fund Gurus that owns VMI: Jim Simons of Renaissance Technologies LLC. Mutual Fund and Other Gurus that owns VMI: John Keeley of Keeley Fund Management, Chuck Royce of Royce& Associates, Ron Baron of Baron Funds, Mario Gabelli of GAMCO Investors.

Highlight of Business Operations:

Acquisition of 70% of the outstanding shares of a lighting structure manufacturer headquartered in Canada Acquisition of the assets of a manufacturer of utility and wireless communication poles in Hazelton, Pennsylvania Acquisition of the assets of a wireless communication components distributor headquartered on Long Island, New York Acquisition of the assets of a materials analysis, testing and inspection services business in Pittsburgh, Pennsylvania Formation of a 51% owned joint venture to manufacture steel structures in Turkey Acquisition of the assets of a hot-dipped galvanizing operation located near Louisville, Kentucky Acquisition of Stainton Metals, a steel lighting structure manufacturer located in England 2010

MarketsThe key markets for our lighting, traffic and roadway safety products are the transportation and commercial lighting markets and public roadway building and improvement. The transportation market includes street and highway lighting and traffic control, much of which is driven by government spending programs. For example, the U.S. government funds highway and road improvement through the Federal highway program. This program provides funding to improve the nation's roadway system, which includes roadway lighting and traffic control enhancements. Matching funding from the various states may be required as a condition of federal funding. The current highway program is now expired and operating under extensions issued by Congress and we do not expect that the next multi-year highway spending program will be enacted until at least late 2011. In North America, governments desire to improve road and highway systems by reducing traffic congestion. In the United States, there are approximately 4 million miles of public roadways, with approximately 24% carrying over 80% of the traffic. Accordingly, the need to improve traffic flow through traffic controls and lighting is a priority for many communities. Transportation markets in other areas of the world are also heavily funded by local and national governments. The commercial lighting market is mainly funded privately and includes lighting for applications such as parking lots, shopping centers, sports stadiums and business parks. The commercial lighting market is driven by macro economic factors such as general economic growth rates, interest rates and the commercial construction economy.

Only 2.5% of total worldwide water supply is freshwater Of that 2.5%, only 30% of freshwater is available to humans The largest user of that freshwater is agriculture We believe these factors, along with the trend of a growing worldwide population and improving diets, reflect the need to use water more efficiently while increasing food production to feed this growing population. We believe that mechanized irrigation can improve water application efficiency by 40-90% compared with traditional irrigation methods by applying water uniformly near the root zone and reducing water runoff. Furthermore, reduced water runoff improves water quality in nearby rivers, aquifers and streams, thereby providing environmental benefits in addition to conservation of water.

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About the author:

Charlie Tian, Ph.D. - Founder of GuruFocus. You can now order his book Invest Like a Guru on Amazon.

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