VMI

What You Should Know

Valmont Industries, Inc. manufactures engineered infrastructure products — lighting, traffic, utility, and telecom structures and coatings — and mechanized irrigation equipment for agriculture. Manufacturing infrastructure and irrigation products is a clearly permissible activity with no haram revenue line of its own. The main screening item is the balance sheet: Valmont carries a moderate debt load, so its total-debt-to-market-cap ratio should be confirmed against the 33% threshold using the latest filings; it has generally screened within range. As a manufacturer, the receivables ratio is worth checking, and incidental interest income on cash should be checked against the 5% threshold and the corresponding portion of returns purified.