A message from the President & Chief Executive Officer MATT’S MESSAGE
Congratulations on a very solid first quarter in fiscal year 2025. In April, we set our sights to accomplish our four corporate goals, and we are making strong progress in all key areas.
1.Deliver on Performance Profit Before Tax (PPBT) and Return on Invested Capital (ROIC): We are tracking ahead of budget for PPBT and in line with expectations for ROIC through a cross functional effort to improve cash flow. 2. Exceed targets for the Vitality Index (tracking revenue from new products) and generate incremental Performance Net Margin during this mid-range plan: Product pipeline and product life cycle management projects are all on track with some projects ahead of schedule. 3. Improve efficiency as we track expenses as a percentage of net sales: All departments and tracking favorable to budget on expenses and bring forth new ideas to reduce overall costs of operations.
4.Enhance our culture, safety, compliance, inclusion, and accountability: Key projects are underway in all areas with increased engagement in all four areas.
I am incredibly pleased with our progress and truly appreciate the focus and effort put forth by the Valent team. The marketplace remains challenging due to trade concerns, the poor ag economy, and unfavorable weather. Despite the headwinds, Valent is tracking with the marketplace on sales and market share thanks to your technical knowledge and customer focus.
Please keep that focus as we work to grow our business for the balance of this market year. Valent is the demand creation engine for North America, and I have complete confidence that our team can exceed expectations and outpace the competition.
Thank you for your attention to safety and compliance in all that we do. Please keep communicating and pushing ourselves to new heights as we work together to win in 2025.
Sincerely,
1
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