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Midas Edge

VALMONT INDUSTRIES INC

For the period ended Jun 27, 2026. Filed Jul 28, 2026.

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.

Jun 27, 2026 · Filed Jul 28, 2026

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 Operations for the thirteen and twenty-six weeks ended June 27, 2026 and June 28, 2025​3
​Condensed Consolidated Statements of Comprehensive Income for the thirteen and twenty-six weeks ended June 27, 2026 and June 28, 2025​4
​Condensed Consolidated Balance Sheets as of June 27, 2026 and December 27, 2025​5
​Condensed Consolidated Statements of Cash Flows for the twenty-six weeks ended June 27, 2026 and June 28, 2025​6
​Condensed Consolidated Statements of Shareholders’ Equity and Redeemable Noncontrolling Interests for the thirteen and twenty-six weeks ended June 27, 2026 and June 28, 2025​7
​Notes to Condensed Consolidated Financial Statements​8
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations​21
Item 3.Quantitative and Qualitative Disclosures About Market Risk​32
Item 4.Controls and Procedures​32
​​​​
​PART II—OTHER INFORMATION​​
Item 1.Legal Proceedings​33
Item 1A.Risk Factors​33
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds​33
Item 3.Defaults Upon Senior Securities​33
Item 4.Mine Safety Disclosures​33
Item 5.Other Information​33
Item 6.Exhibits​34
​​​​
Signatures​35

PART I—FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

​​​​​​​​​​​​​
​ · ​ · Thirteen weeks ended · ​ · Twenty-six weeks ended
​ · ​ · June 27, · ​ · June 28, · ​ · June 27, · ​ · June 28,
​ · ​ · 2026 · ​ ​ ​ · 2025 · ​ ​ ​ · 2026 · ​ ​ ​ · 2025
Product sales​$1,007,493​$943,371​$1,929,225​$1,817,860
Service sales​111,196​107,177​218,661​202,002
Net sales​1,118,689​1,050,548​2,147,886​2,019,862
Product cost of sales​726,137​669,029​1,381,656​1,290,072
Service cost of sales​51,735​60,352​108,535​117,521
Total cost of sales​777,872​729,381​1,490,191​1,407,593
Gross profit​340,817​321,167​657,695​612,269
Selling, general, and administrative expenses​174,706​191,670​335,958​354,458
Impairment of long-lived assets​—​91,337​—​91,337
Realignment charges​​—​8,884​—​8,884
Operating income​166,111​29,276​321,737​157,590
Other income (expenses):​​​​​​​​​
Interest expense​(9,430)​(10,543)​(18,841)​(20,658)
Interest income​1,271​1,568​2,648​4,962
Gain on deferred compensation investments​3,786​2,384​2,228​1,543
Other, net​737​(3,675)​(158)​(6,405)
Total other expenses​(3,636)​(10,266)​(14,123)​(20,558)
Earnings before income taxes and equity method investment loss​162,475​19,010​307,614​137,032
Income tax expense (benefit):​​​​​​​​
Current​36,385​35,275​57,833​55,635
Deferred​5,604​(12,995)​21,271​(2,556)
Total income tax expense​41,989​22,280​79,104​53,079
Earnings (loss) before equity method investment loss​120,486​(3,270)​228,510​83,953
Equity method investment loss​(264)​​(21)​​(264)​​(581)
Net earnings (loss)​120,222​(3,291)​228,246​83,372
Earnings attributable to redeemable noncontrolling interests​(304)​(729)​(295)​(131)
Net earnings (loss) attributable to Valmont Industries, Inc.​$119,918​$(4,020)​$227,951​$83,241
Net earnings (loss) attributable to Valmont Industries, Inc. per share:​​​​​​​​
Basic​$6.19​$(1.53)​$11.74​$2.86
Diluted​​6.14​​(1.53)​​11.65​​2.84

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Dollars in thousands)

​​​​​​​​​​​​​
​ · ​ · Thirteen weeks ended · ​ · Twenty-six weeks ended
​ · ​ · June 27, · ​ · June 28, · ​ · June 27, · ​ · June 28,
​ · ​ · 2026 · ​ ​ ​ · 2025 · ​ ​ ​ · 2026 · ​ ​ ​ · 2025
Net earnings (loss)​$120,222​$(3,291)​$228,246​$83,372
Other comprehensive income (loss), net of tax:​​​​​​​​
Foreign currency translation adjustments:​​​​​​​​
Unrealized translation gain (loss)​(4,658)​37,347​(3,438)​59,589
Hedging activities:​​​​​​​​
Unrealized gain on commodity hedges​1,787​760​5,896​857
Realized loss (gain) on commodity hedges included in net earnings (loss)​(886)​(630)​(1,190)​297
Unrealized gain (loss) on cross currency swaps​​(64)​​(4,966)​​1,085​​(6,306)
Amortization cost included in interest expense​(12)​(12)​(24)​(24)
Total hedging activities​​825​​(4,848)​​5,767​​(5,176)
Reclassification adjustment for pension costs included in net earnings (loss)​475​356​951​694
Total other comprehensive income (loss), net of tax​(3,358)​32,855​3,280​55,107
Comprehensive income​116,864​29,564​231,526​138,479
Comprehensive income attributable to redeemable noncontrolling interests​(247)​(2,009)​(50)​(987)
Comprehensive income attributable to Valmont Industries, Inc.​$116,617​$27,555​$231,476​$137,492
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.