Valmont Industries, Inc. (NYSE:VMI) is looking for acquisitions. "I am pleased to announce another increase in our dividend, reflecting our continued confidence in the strength of our cash flows throughout our business cycles, and delivering strong returns to our shareholders," said Stephen G. Kaniewski, President and Chief Executive Officer. "We remain committed to strengthening our organization for the future by investing in the sustained, long-term growth of our business, both organically and through strategic acquisitions, while upholding our balanced capital allocation philosophy of returning additional capital to our shareholders".
Valmont Industries, Inc. is a manufacturer of products and services for infrastructure and agricultural markets. The Company operates through two segments: Infrastructure and Agriculture. The Infrastructure segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, solar, lighting, transportation, and telecommunications, along with coatings services to protect metal products. Its Infrastructure segment is comprised of five primary product lines: Transmission, Distribution, and Substation (TD&S); Lighting and Transportation (L&T); Coatings; Telecommunications, and Solar. The Agriculture segment consists of the manufacture of center pivot components and linear irrigation equipment for agricultural markets, including parts and tubular products, and advanced technology solutions for precision agriculture. It manufactures and distributes mechanical irrigation equipment and related service parts under the Valley brand name.