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Valmont Industries, Inc. (VMI)

At 16:04 EST: 69.24 USD  Up 0.76 (1.11%)  
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Valmont Industries, Inc.
One Valmont Plaza
Omaha, NE 68154-5215
Phone: 402-963-1000
Fax: 402-963-1198
Web Site: http://www.valmont.com

DETAILS
Index Membership: S&P 600 SmallCap
S&P 1500 Super Comp
Sector: Industrial Goods
Industry: Metal Fabrication
Employees (last reported count): 5,684

BUSINESS SUMMARY
Valmont Industries, Inc. and its subsidiaries produce fabricated metal products; metal and concrete pole, and tower structures; and mechanized irrigation systems worldwide. The company operates through five segments: Engineered Support Structures, Utility Support Structures, Coatings, Irrigation, and Tubing. The Engineered Support Structures segment manufactures engineered metal structures and components for the lighting and traffic, and wireless communication industries. It offers steel and aluminum poles and structures to which lighting and traffic control fixtures are attached for outdoor lighting applications, such as streets, highways, parking lots, sports stadiums, and commercial and residential developments. The Utility Support Structures segment manufactures tapered steel and pre-stressed concrete poles for electrical transmission, substation, and distribution applications. It also produces hybrid structures with a concrete base section and steel upper sections. The Coatings segment provides metal coating services, including hot-dipped galvanizing, anodizing, powder coating, and e-coating. The Irrigation segment manufactures and distributes mechanical irrigation equipment and related service parts, which are used to water crops and deliver chemical fertilizers and pesticides. The Tubing segment produces light-wall welded steel tubing used in various products, including grain handling systems, pneumatic tube delivery systems, fire protection systems, automotive products, and exercise equipment. The company's customers primarily include state and federal governments, contractors, utility and telecommunications companies, manufacturers of commercial lighting fixtures, and farms, as well as companies from general manufacturing sector. Valmont Industries, Inc. was founded as Valley Manufacturing in 1946 and changed its name to Valmont Industries, Inc. in 1967. The company is based in Omaha, Nebraska.
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    OFFICERS
      Pay Exercised
    Mr. Mogens C. Bay , 59
    Chairman and Chief Exec. Officer
    $ 2.71M $ 18.18M
    Mr. Terry J. McClain , 60
    Chief Financial Officer and Sr. VP
    $ 1.01M $ 4.30M
    Mr. E. Robert Meaney , 60
    Sr. VP and Corp. Sec.
    $ 758.00K $ 3.75M
    Mr. Mark C. Jaksich , 50
    Principal Accounting Officer, VP and Controller
    $ 454.00K $ 727.00K
    Mr. Mark E. Treinen , 52
    VP of Bus. Devel. and Treasurer
    $ 454.00K $ 1.84M
    Dollar amounts are as of 31-Dec-06 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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