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Valmont Industries, Inc. Buyback

OLI recorded this information on 11/29/2023

Company: Valmont Industries, Inc.
Buyback: VMI buyback
$Amount Authorized: $120,000,000
Buyback Details: Valmont Industries, Inc. (NYSE:VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced it has entered into an accelerated share repurchase agreement ("ASR") with Citibank, N.A. to repurchase $120 million of the Company's common stock. The ASR is entered into under Valmont's previously announced share repurchase program.

Valmont Industries produces products and services for infrastructure and agriculture markets. Co.'s segments are: Engineered Support Structures, which designs, engineers, and manufactures steel, aluminum, wood and composite poles and structures for lighting and highway transportation applications; Utility Support Structures, which engineers and manufactures steel, pre-stressed concrete, composite and hybrid structures; Coating, which adds finishes to metals that inhibit corrosion, extend service lives and enhance the aesthetics of materials and products; and Irrigation, which manufactures and distributes mechanical irrigation equipment and related service parts under the Valley brand name.

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Company Name:  Valmont Industries Inc
Stock buyback:  VMI buyback
Website:  www.valmont.com
Sector:  Construction Materials & Machinery
Number of ETFs Holding VMI:  62
Total Market Value Held by ETFs:  $800.10M
Total Market Capitalization:  $4.30B
% of Market Cap. Held by ETFs:  18.61%
 

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April 26, 2024    2:58 PM Eastern
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Strong Buy (3.50 out of 4)
55th percentile
(ranked higher than approx. 55% of all stocks covered)

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