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Midas Edge

VALMONT INDUSTRIES INC

For the period ended Sep 27, 2025. Filed Oct 28, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 27, 2025 · Filed Oct 28, 2025

VMI$418.91+3.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Table of Contents

​ · ​ · ​
​PART I—FINANCIAL INFORMATION​​
Item 1.Financial Statements​​
​Condensed Consolidated Statements of Earnings for the thirteen and thirty-nine weeks ended September 27, 2025 and September 28, 2024​3
​Condensed Consolidated Statements of Comprehensive Income for the thirteen and thirty-nine weeks ended September 27, 2025 and September 28, 2024​4
​Condensed Consolidated Balance Sheets as of September 27, 2025 and December 28, 2024​5
​Condensed Consolidated Statements of Cash Flows for the thirty-nine weeks ended September 27, 2025 and September 28, 2024​6
​Condensed Consolidated Statements of Shareholders’ Equity and Redeemable Noncontrolling Interests for the thirteen and thirty-nine weeks ended September 27, 2025 and September 28, 2024​7
​Notes to Condensed Consolidated Financial Statements​8
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations​24
Item 3.Quantitative and Qualitative Disclosures About Market Risk​34
Item 4.Controls and Procedures​35
​​​​
​PART II—OTHER INFORMATION​​
Item 1.Legal Proceedings​36
Item 1A.Risk Factors​36
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds​36
Item 3.Defaults Upon Senior Securities​36
Item 4.Mine Safety Disclosures​36
Item 5.Other Information​36
Item 6.Exhibits​37
​​​​
Signatures​38

PART I—FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

​​​​​​​​​​​​​
​ · ​ · Thirteen weeks ended · ​ · Thirty-nine weeks ended
​ · ​ · September 27, · ​ · September 28, · ​ · September 27, · ​ · September 28,
​ · ​ · 2025 · 2024 · 2025 · 2024
Product sales​$928,106​$922,062​$2,745,966​$2,725,219
Service sales​117,874​98,113​319,876​312,521
Net sales​1,045,980​1,020,175​3,065,842​3,037,740
Product cost of sales​655,859​659,805​1,945,931​1,916,751
Service cost of sales​71,875​58,677​189,396​192,798
Total cost of sales​727,734​718,482​2,135,327​2,109,549
Gross profit​318,246​301,693​930,515​928,191
Selling, general, and administrative expenses​176,790​175,958​531,248​523,595
Impairment of long-lived assets​—​—​91,337​—
Realignment charges​​—​—​8,884​—
Operating income​141,456​125,735​299,046​404,596
Other income (expenses):​​​​​​​​
Interest expense​(9,738)​(14,313)​(30,396)​(46,380)
Interest income​1,588​2,080​6,550​5,358
Gain on deferred compensation investments​1,187​1,160​2,730​3,116
Other​(2,956)​(2,307)​(9,361)​(3,662)
Total other expenses​(9,919)​(13,380)​(30,477)​(41,568)
Earnings before income taxes and equity in loss of nonconsolidated subsidiaries​131,537​112,355​268,569​363,028
Income tax expense (benefit):​​​​
Current​22,872​46,133​78,507​106,738
Deferred​7,552​(16,409)​4,996​(15,959)
Total income tax expense​30,424​29,724​83,503​90,779
Earnings before equity in loss of nonconsolidated subsidiaries​101,113​82,631​185,066​272,249
Equity in loss of nonconsolidated subsidiaries​(21)​​(21)​​(602)​​(60)
Net earnings​101,092​82,610​184,464​272,189
Loss (earnings) attributable to redeemable noncontrolling interests​(2,061)​458​(2,192)​(1,583)
Net earnings attributable to Valmont Industries, Inc.​$99,031​$83,068​$182,272​$270,606
Net earnings attributable to Valmont Industries, Inc. per share:​​​​​
Basic​$5.02​$4.13​$7.85​$13.43
Diluted​​4.98​​4.11​​7.80​​13.34

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Dollars in thousands)

​​​​​​​​​​​​​
​ · ​ · Thirteen weeks ended · ​ · Thirty-nine weeks ended
​ · ​ · September 27, · ​ · September 28, · ​ · September 27, · ​ · September 28,
​ · ​ · 2025 · 2024 · 2025 · 2024
Net earnings​$101,092​$82,610​$184,464​$272,189
Other comprehensive income (loss), net of tax:​​​​
Foreign currency translation adjustments:​​​​
Unrealized translation gain (loss)​(1,186)​33,314​58,403​(6,872)
Hedging activities:​​​​
Unrealized gain (loss) on commodity hedges​147​(732)​1,004​(2,791)
Realized loss (gain) on commodity hedges included in net earnings​(474)​1,163​(177)​744
Unrealized loss (gain) on cross currency swaps​​377​​(2,140)​​(5,929)​​(1,129)
Amortization cost included in interest expense​(12)​(12)​(36)​(36)
Total hedging activities​​38​​(1,721)​​(5,138)​​(3,212)
Net realized loss on defined benefit pension plan​354​396​1,048​1,158
Total other comprehensive income (loss), net of tax​(794)​31,989​54,313​(8,926)
Comprehensive income​100,298​114,599​238,777​263,263
Comprehensive loss (income) attributable to redeemable noncontrolling interests​(2,030)​138​(3,017)​(1,581)
Comprehensive income attributable to Valmont Industries, Inc.​$98,268​$114,737​$235,760​$261,682
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.