Valmont Industries, Inc. (NYSE: VMI) shares began the day and week sharply higher. The company, a global leader that provides products and solutions to support vital infrastructure and advance agricultural productivity, is providing the investment community additional clarity on estimated impacts from current U.S. tariffs on imports from Mexico, Canada and China, as well as on imported steel and aluminum.
As discussed on the fourth quarter 2024 earnings results call on February 18, 2025, the Company has comprehensive plans to mitigate the impact of tariffs in 2025. These include pricing actions, targeted cost measures, productivity initiatives, and supply chain and logistics adjustments. The Company believes these plans will enable it to be cost neutral on a dollar basis in the second half of fiscal 2025 under both the current tariff regime, and under a scenario where there are no United States Mexico-Canada Agreement (USMCA) exclusions granted for goods the Company imports from Mexico and Canada. Importantly, the majority of products shipped to U.S. customers are manufactured at one of 24 facilities across the United States.
These plans exclude the potential impacts from any retaliatory tariffs or future additional U.S. tariffs. The Company also undertakes no obligation to update the information in this press release regarding the impacts of tariffs.
VMI shares popped $12.40, or 4.3%, to $297.90.
