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Valmont Issues Sustainability Report, Shares Skid

Valmont® Industries, Inc. (NYSE: VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today released its 2024 Sustainability Report, the company’s ninth report since 2015.

For nearly 80 years, Valmont has delivered infrastructure and agricultural solutions supporting our rapidly changing world. From replacing aging infrastructure and laying the groundwork for the energy transition to enhancing food security and connecting communities, our work today will shape the future for the next generation. The 2024 Sustainability Report highlights several stories that demonstrate the company’s commitment to deliver sustainable and innovative solutions to our customers.

“At Valmont, we understand sustainability is not only the right thing to do, it's also a strategic lever for enhancing profitability and shareholder value, said CEO Avner M. Applbaum,“Our commitment to conserving resources and improving life is deeply integrated into our Valmont Business Model – driving operational efficiencies, reducing costs and creating competitive advantages. Our innovations in infrastructure and agriculture not only support our customers and the planet, but also ensure the long-term success and resilience of our business.”

Highlights of the 2024 Sustainability Report Include: Recommitment to 2025 environmental goals against 2018 baseline; Considerable progress in improving our environmental performance; Reduction in carbon intensity from 78.13 CO2 MT/$M to 43.96 MT/$M; Forty-six percent reduction in normalized electricity usage – 36.5 MWh/$M revenue.

VMI shares plunged $2.31 at Tuesday’s opening, to $262.50.