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.
"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.
The company reported net sales of $674.2 million, a decline of 2.6%. Strong North American sales were more than offset by anticipated lower sales in the Utility Support Structures segment due to a $30 million solar tracker project in 2019 that did not repeat this year, and approximately $10 million of unfavorable currency translation impact.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at how the flooding in Texas will impact the ag industry and check in with some dealers in the region.
Since 1980, A&I Products has become a leading manufacturer and wholesale distributor of aftermarket replacement parts for the agricultural, turf, and industrial equipment markets. A&I Products' experience and expertise has greatly contributed to the company's reputation as a top supplier of quality, reasonably priced parts. Founded with roots as a small machine shop and repair facility, the company made the transition by manufacturing new parts to replace those that were identified as commonly needing repair. Throughout the 1980s, the company quickly garnered a reputation for offering quality parts at a reasonable price.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.