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Investing.com -- Valmont Industries, Inc. (NYSE:VMI) stock rose 4.5% today after the company provided an update on the expected impacts of current U.S. tariffs on its business operations. The company’s announcement aimed to offer investors additional clarity regarding the estimated effects from tariffs on imports from Mexico, Canada, and China, as well as on imported steel and aluminum.
During the fourth quarter 2024 earnings call last month, Valmont Industries outlined comprehensive plans to mitigate the impact of tariffs in 2025. These measures include pricing actions, targeted cost measures, productivity initiatives, and supply chain and logistics adjustments. The company expressed confidence that these plans would enable it to offset the costs associated with tariffs in the second half of fiscal 2025, maintaining cost neutrality on a dollar basis regardless of whether USMCA exclusions are granted for goods imported from Mexico and Canada.
Valmont Industries emphasized that the majority of its products shipped to U.S. customers are manufactured within the United States, utilizing its 24 facilities across the country. This detail suggests a degree of resilience in the face of tariff-related challenges.
However, the company’s update also noted that these plans do not account for potential impacts from any retaliatory tariffs or future additional U.S. tariffs.
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