Below are the financial statements of Valmont Industries, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Product sales | 3,660.78a | 3,772.84a | 3,955.32a |
| Service sales | 414.26a | 401.76a | 389.93a |
| Net sales | 4,075.03a | 4,174.6a | 4,345.25a |
| Product cost of sales | -2,580.08a | -2,672.74a | -2,958.21a |
| Service cost of sales | -253.74a | -265.82a | -260.82a |
| Total cost of sales | -2,833.82a | -2,938.56a | -3,219.03a |
| Gross profit | 1,241.21a | 1,236.03a | 1,126.22a |
| Selling, general, and administrative expenses | -716.63a | -768.42a | -692.98a |
| Impairment of goodwill and other intangible assets | 0a | -140.84a | 0a |
| Realignment charges | 0a | -35.21a | 0a |
| Operating income | 524.58a | 291.56a | 433.25a |
| Other income (expenses) | — | — | — |
| Interest expense | -58.72a | -56.81a | -47.53a |
| Interest income | 7.18a | 6.23a | 2.02a |
| Gain (loss) on deferred compensation investments | 3.63a | 3.56a | -3.37a |
| Gain (loss) on divestitures | -4.47a | 2.99a | -33.27a |
| Other | -3.52a | -11.09a | 12.81a |
| Total other income (expenses) | -55.9a | -55.11a | -69.36a |
| Earnings before income taxes and equity in loss of nonconsolidated subsidiaries | 468.68a | 236.45a | 363.89a |
| Income tax expense (benefit) | — | — | — |
| Current | -142.63a | -108.77a | -109.91a |
| Deferred | -24.66a | -18.65a | -1.23a |
| Total income tax expense | -117.98a | -90.12a | -108.69a |
| Earnings before equity in loss of nonconsolidated subsidiaries | 350.7a | 146.33a | 255.2a |
| Equity in loss of nonconsolidated subsidiaries | -0.08a | -1.42a | -0.95a |
| Net earnings | 350.62a | 144.91a | 254.25a |
| Loss (earnings) attributable to redeemable noncontrolling interests | -2.37a | 5.94a | -3.39a |
| Net earnings attributable to Valmont Industries, Inc. | 348.26a | 150.85a | 250.86a |
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