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Valmont Industries inc   (VMI)
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Valmont Industries Inc 's

Competitiveness


 

VMI Sales vs. its Competitors Q2 2021



Comparing the results to its competitors, Valmont Industries Inc reported Total Revenue increase in the 2 quarter 2021 by 29.88 % year on year.
The revenue growth was below Valmont Industries Inc 's competitors average revenue growth of 82.49 %, recorded in the same quarter.

List of VMI Competitors

With net margin of 7 % company reported lower profitability than its competitors.

More on VMI Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Valmont Industries inc Net Income in the 2 quarter 2021 grew year on year by 175.37 %, faster than average growth of Valmont Industries Inc 's competitiors .

<<  More on VMI Income Comparisons


Valmont Industries Inc 's Comment on Competitors and Industry Peers


In North America, there are a number of entities that provide irrigation products and services to agricultural customers. We believe we are the leader of the four main participants in the mechanized irrigation business. Participants compete for sales on the basis of price, product innovation and features, product durability and reliability, quality and service capabilities of the local dealer. Pricing can become very competitive, especially in periods when market demand is low. In international markets, our competitors are a combination of our major U.S. competitors and privately-owned local companies. Competitive factors are similar to those in North America, although pricing tends to be a more prevalent competitive strategy in international markets. Since competition in international markets is local, we believe local manufacturing capability is important to competing effectively in international markets and we have that capability in key regions.

The Coatings markets traditionally have been very fragmented, with a large number of competitors. Most of these competitors are relatively small, privately held companies who compete on the basis of price and personal relationships with their customers. As a result of ongoing industry consolidation, there are also several (public and private) multi-facility competitors. Our strategy is to compete on the basis of quality of the coating finish and timely delivery of the coated product to the customer. We also use the production capacity at our network of plants to ensure that the customer receives quality, timely service.

For both access systems and grinding media, we compete on the basis of product quality and timely, complete and accurate delivery of the product. There are numerous competitors for both of these product lines. Pricing can be very competitive, especially when demand is weak or when strong local currencies result in increased competition from imported products. For offshore and complex steel structures, we compete based on our ability to co-engineer and design solutions with customers, carry out advanced order production of complex steel constructions with electronics and hydraulics and having highly automated series production for more mature products.

Our competitive strategy in this segment is to provide high value solutions to the customer at a reasonable price. We compete on the basis of product quality, engineering expertise, high levels of customer service and reliable, timely delivery of the product. There are many competitors. Companies compete on the basis of price, quality and service. Utility sales are often made through a competitive bid process, whereby the lowest bidder is awarded the contract, provided the competitor meets all other qualifying criteria. In weak markets, price is a more important criterion in the bid process.

Our competitive strategy in all of the markets we serve is to provide high value to the customer at a reasonable price. We compete on the basis of product quality, high levels of customer service, timely, complete and accurate delivery of the product and design capability to provide the best solutions to our customers. There are numerous competitors in our markets, most of which are relatively small companies. Companies compete on the basis of price, product quality, reliable delivery and unique product features. Pricing can be very competitive, especially when demand is weak or when strong local currencies result in increased competition from imported products.





  

Overall company Market Share Q2 2021

Contrary to strong revenue growth of 29.88 % in Overall company, Valmont Industries Inc has lost market share within this division.





<<  More on VMI Market Share.
 

*Market share calculated with total revenue.


VMI's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Valmont Industries inc 3,202 5,385 194 10,697
Azz Inc 855 1,324 56 3,538
Global Brass & Copper Holdings, Inc. 1,724 968 61 1,857
Cornerstone Building Brands Inc 5,086 2,008 40 0
Handy & Harman Ltd. 602 402 41 3,400
Leggett and Platt Inc 4,810 6,446 408 19,000
Mueller Industries Inc 3,126 2,459 257 4,244
Synalloy Corporation 268 104 -15 411
United States Steel Corp 13,591 7,290 918 34,680
Olympic Steel Inc 1,651 293 52 1,660
SUBTOTAL 34,915 26,678 2,012 79,487


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