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Midas Edge

VALMONT INDUSTRIES INC

For the period ended Sep 26, 2026. Filed Oct 27, 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.

Sep 26, 2026 · Filed Oct 27, 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

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​​​ ​​
​PART I—FINANCIAL INFORMATION​​
Item 1.Financial Statements​​
​Condensed Consolidated Statements of Earnings for the thirteen and thirty-nine weeks ended September 26, 2026 and September 27, 2025​3
​Condensed Consolidated Statements of Comprehensive Income for the thirteen and thirty-nine weeks ended September 26, 2026 and September 27, 2025​4
​Condensed Consolidated Balance Sheets as of September 26, 2026 and December 27, 2025​5
​Condensed Consolidated Statements of Cash Flows for the thirty-nine weeks ended September 26, 2026 and September 27, 2025​6
​Condensed Consolidated Statements of Shareholders’ Equity and Redeemable Noncontrolling Interests for the thirteen and thirty-nine weeks ended September 26, 2026 and September 27, 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​33
Item 4.Controls and Procedures​33
​​​​
​PART II—OTHER INFORMATION​​
Item 1.Legal Proceedings​35
Item 1A.Risk Factors​35
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds​35
Item 3.Defaults Upon Senior Securities​35
Item 4.Mine Safety Disclosures​35
Item 5.Other Information​35
Item 6.Exhibits​36
​​​​
Signatures​37

PART I—FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

​​​​​​​​​​​​​
​ · ​ · Thirteen weeks ended · ​ · Thirty-nine weeks ended
​ · ​ · September 26, · ​ · September 27, · ​ · September 26, · ​ · September 27,
​ · ​ · 2026 · ​ ​ ​ · 2025 · ​ ​ ​ · 2026 · ​ ​ ​ · 2025
Product sales​$984,918​$928,106​$2,914,143​$2,745,966
Service sales​118,883​117,874​337,544​319,876
Net sales​1,103,801​1,045,980​3,251,687​3,065,842
Product cost of sales​712,988​655,859​2,094,644​1,945,931
Service cost of sales​59,429​71,875​167,964​189,396
Total cost of sales​772,417​727,734​2,262,608​2,135,327
Gross profit​331,384​318,246​989,079​930,515
Selling, general, and administrative expenses​158,550​176,790​494,508​531,248
Impairment of long-lived assets​—​—​—​91,337
Realignment charges​​—​—​—​8,884
Operating income​172,834​141,456​494,571​299,046
Other income (expenses):​​​​​​​​​
Interest expense​(9,306)​(9,738)​(28,147)​(30,396)
Interest income​1,274​1,588​3,922​6,550
Gain on deferred compensation investments​793​1,187​3,021​2,730
Other, net​(2,310)​(2,956)​(2,468)​(9,361)
Total other expenses​(9,549)​(9,919)​(23,672)​(30,477)
Earnings before income taxes and equity method investment loss​163,285​131,537​470,899​268,569
Income tax expense:​​​​​​​​
Current​34,442​22,872​92,275​78,507
Deferred​7,379​7,552​28,650​4,996
Total income tax expense​41,821​30,424​120,925​83,503
Earnings before equity method investment loss​121,464​101,113​349,974​185,066
Equity method investment loss​—​​(21)​​(264)​​(602)
Net earnings​121,464​101,092​349,710​184,464
Earnings attributable to redeemable noncontrolling interests​(411)​(2,061)​(706)​(2,192)
Net earnings attributable to Valmont Industries, Inc.​$121,053​$99,031​$349,004​$182,272
Net earnings attributable to Valmont Industries, Inc. per share:​​​​​​​​
Basic​$6.29​$5.02​$18.03​$7.85
Diluted​​6.24​​4.98​​17.88​​7.80

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Dollars in thousands)

​​​​​​​​​​​​​
​ · ​ · Thirteen weeks ended · ​ · Thirty-nine weeks ended
​ · ​ · September 26, · ​ · September 27, · ​ · September 26, · ​ · September 27,
​ · ​ · 2026 · ​ ​ ​ · 2025 · ​ ​ ​ · 2026 · ​ ​ ​ · 2025
Net earnings​$121,464​$101,092​$349,710​$184,464
Other comprehensive income (loss), net of tax:​​​​​​​​
Foreign currency translation adjustments:​​​​​​​​
Unrealized translation gain (loss)​2,532​(1,186)​(906)​58,403
Hedging activities:​​​​​​​​
Unrealized gain on commodity hedges​6,517​147​12,413​1,004
Realized gain on commodity hedges included in net earnings​(2,858)​(474)​(4,048)​(177)
Unrealized gain (loss) on cross-currency swaps​​(1,220)​​377​​(135)​​(5,929)
Amortization cost included in interest expense​(12)​(12)​(36)​(36)
Total hedging activities​​2,427​​38​​8,194​​(5,138)
Reclassification adjustment for pension costs included in net earnings​479​354​1,430​1,048
Total other comprehensive income (loss), net of tax​5,438​(794)​8,718​54,313
Comprehensive income​126,902​100,298​358,428​238,777
Comprehensive income attributable to redeemable noncontrolling interests​(400)​(2,030)​(450)​(3,017)
Comprehensive income attributable to Valmont Industries, Inc.​$126,502​$98,268​$357,978​$235,760
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.