Macrae Sykes
Gabelli Funds, LLC

All right. Good mid-morning. It's a nice day today, but we want to still continue the Intellectual Capital. Okay, I'm delighted to introduce another great American company. Valmont Industries is an industry leader in infrastructure products and advanced agricultural productivity. Some of my favorite products to see are the traffic light poles, I remind my kids where they come from and the pivot irrigation that we all know about those giant sprinklers that are just outside of town.

The company was founded in 1946 with $5,000 investment and what I found interesting is Valmont actually comes from a combination of two neighboring Nebraska towns, Valley and Fremont. There's about 20 million shares trading over $500, so it means a $10 billion market cap, which is an extraordinary feat for this company. And I would just report that -- for their latest quarterly earnings were up 27.5% and a record for the company. So we know they're executing and very well positioned to capitalize on global agriculture growth and more recently, the boom in the data centers.

So joining me are CEO, Avner Applbaum; and Senior Vice President, Renee Campbell. And I just want to acknowledge one thing today about this conference partnership because we've been coming out to Omaha for 17 years, and we have grown from a road trip to your facilities to like your market cap, the audience that we've been involved with here. So it is a true honor to be on stage with you, and I thank you for that partnership.