Valmont industries, inc. (VMI)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jul'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Net sales

2,749

2,766

2,780

2,769

2,750

2,757

2,774

2,776

2,807

2,745

2,705

2,635

2,562

2,521

2,480

2,503

2,545

2,618

2,748

2,881

3,041

3,123

3,187

3,200

3,236

3,304

3,291

3,243

3,131

3,029

2,967

2,909

2,810

2,661

2,507

2,363

2,176

1,975

1,810

1,781

0

0

0

Total cost of sales

2,034

2,074

2,109

2,109

2,096

2,098

2,095

2,098

2,120

2,064

2,028

1,966

1,902

1,865

1,860

1,881

1,928

1,997

2,075

2,165

2,275

2,315

2,338

2,324

2,319

2,358

2,344

2,329

2,280

2,227

2,194

2,161

2,094

1,994

1,877

1,768

1,620

1,455

1,312

1,271

0

0

0

Gross profit

714

692

670

659

653

658

678

678

686

681

676

668

659

656

620

622

616

621

672

715

766

808

849

875

916

945

946

913

851

802

773

748

716

666

629

594

555

519

498

510

0

0

0

Selling, general and administrative expenses

464

454

452

450

444

440

433

426

420

414

415

413

412

410

423

425

438

447

442

449

450

450

457

461

463

472

462

449

433

420

425

418

415

403

381

371

363

341

319

309

0

0

0

Impairment of goodwill and intangible assets

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

250

237

218

192

192

202

229

251

266

267

261

254

247

245

170

154

136

131

214

265

316

357

392

414

453

473

484

464

417

382

347

329

300

263

248

223

192

178

178

201

0

0

0

Other income (expenses):
Interest expense

40

40

40

41

43

44

45

45

44

44

44

44

44

44

44

44

44

44

45

42

39

36

33

32

32

32

32

32

32

31

33

32

35

36

34

35

33

30

26

21

0

0

0

Interest income

4

3

3

3

4

4

5

5

5

4

4

3

3

3

3

3

3

3

3

4

5

6

6

6

6

6

6

7

7

8

8

9

9

9

8

7

6

4

3

2

0

0

0

Gain (loss) on investments (unrealized)

0

5

2

3

2

-0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs associated with refinancing of debt

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Business

-

-

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

3

2

2

3

4

2

-1

-2

-4

-2

0

0

20

-

3

1

-0

2

1

0

2

-4

-4

-3

-4

2

0

2

0

0

-0

-3

-1

-2

-0

1

1

0

2

3

0

0

0

Total other income (expenses)

-32

-28

-31

-45

-53

-58

-57

-44

-40

-38

-23

-23

-22

-24

-37

-39

-41

-38

-39

-76

-70

-73

-70

-29

-30

-23

-24

-22

-24

-23

-25

-26

-27

-29

-26

-26

-25

-25

-20

-16

0

0

0

Earnings before income taxes

217

209

186

147

139

143

172

206

226

228

237

231

225

220

132

114

95

93

175

189

246

284

321

384

423

449

459

441

393

359

322

302

273

233

221

196

166

152

158

184

0

0

0

Income tax expense:
Current

49

46

42

40

39

44

51

61

72

66

64

61

56

65

56

44

41

42

44

61

68

89

122

140

162

167

159

146

134

122

118

115

104

89

72

63

55

49

62

66

0

0

0

Deferred

2

3

4

1

3

-1

40

34

30

39

-22

-18

-15

-23

-1

7

5

4

14

0

13

5

-12

-0

-9

-10

6

3

-0

3

-77

-79

-85

-84

-1

-2

3

5

-7

-2

0

0

0

Total income tax expense (benefit)

52

50

47

42

42

43

91

96

103

106

42

43

41

42

54

52

46

47

59

61

81

94

110

139

152

157

165

150

133

126

40

36

19

4

70

60

58

55

55

63

0

0

0

Earnings before equity in earnings of nonconsolidated subsidiaries

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in earnings (loss) of nonconsolidated subsidiaries

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings before equity in earnings of nonconsolidated subsidiaries

-

-

-

-

-

-

-

-

-

-

-

188

184

178

78

62

48

45

99

152

0

-

0

0

-

291

293

291

259

232

281

266

254

229

151

135

107

97

102

121

0

0

0

Income (Loss) from Equity Method Investments

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-0

-0

-0

-0

-0

-0

0

-

0

0

-

0

1

2

4

6

8

9

8

8

4

3

3

2

2

0

0

0

0

Net earnings

165

159

139

104

96

100

80

110

122

122

195

188

184

178

77

62

47

45

116

127

164

189

199

233

258

280

295

294

264

238

290

276

262

237

156

139

110

100

104

122

0

0

0

Less: loss (earnings) attributable to noncontrolling interests

4

5

4

4

5

5

7

6

6

6

5

5

4

5

5

5

5

5

4

5

5

5

1

2

1

1

6

5

5

4

6

6

7

8

7

7

7

6

4

4

0

0

0

Net earnings attributable to Valmont Industries, Inc.

160

153

135

99

91

94

73

103

116

116

189

182

179

173

72

56

42

40

111

122

158

183

198

231

256

278

288

288

259

234

283

269

255

228

148

132

103

94

99

118

0

0

0

Earnings per share:
Basic (in dollars per share)

2.00

1.69

1.86

1.90

1.65

0.82

0.20

1.47

1.74

-0.16

1.56

2.03

1.73

3.12

1.25

1.86

1.45

-1.28

0.52

1.19

1.29

1.72

0.93

2.40

2.10

2.05

2.12

3.36

2.92

2.45

2.14

2.27

1.98

4.35

1.60

1.74

0.98

1.34

0.99

0.66

0.63

1.56

1.70

Diluted (in dollars per share)

1.99

1.67

1.85

1.90

1.64

0.82

0.20

1.46

1.72

-0.17

1.55

2.01

1.72

3.09

1.24

1.85

1.45

-1.28

0.52

1.19

1.28

1.71

0.92

2.38

2.08

2.03

2.10

3.33

2.89

2.43

2.12

2.24

1.96

4.32

1.59

1.72

0.97

1.32

0.98

0.65

0.62

1.53

1.69

Common Stock, Dividends, Per Share, Declared

-

-

-

-

-

-

-

-

-

-

0.37

0.37

0.37

-

0.37

0.37

0.37

0.37

0.37

0.37

0.37

0.37

0.37

0.37

0.25

0.25

0.25

0.25

0.22

0.22

0.22

0.22

0.18

0.18

0.18

0.18

0.16

0.16

0.16

0.16

0.15

0.15

0.15

Weighted Average Number of Shares Outstanding, Basic

-

-

-

-

-

-

-

-

-

-

22

22

22

22

22

22

22

22

23

23

23

24

25

26

26

26

26

26

26

-

26

26

26

-

26

26

26

-

26

26

26

25

25

Weighted Average Number of Shares Outstanding, Diluted

-

-

-

-

-

-

-

-

-

-

22

22

22

22

22

22

22

23

23

23

23

24

25

26

26

26

26

26

26

-

26

26

26

-

26

26

26

-

26

26

26

26

26

Product sales
Net sales

2,418

2,434

2,450

2,442

2,431

2,437

2,456

2,460

2,494

2,447

2,414

2,357

2,295

2,255

2,210

2,226

2,267

2,338

2,466

2,592

2,747

2,824

2,882

2,889

2,916

2,976

2,966

2,925

2,819

2,721

2,651

2,593

2,494

2,353

2,142

2,040

1,899

1,737

0

0

0

-

-

Total cost of sales

1,817

1,853

1,891

1,894

1,886

1,887

1,883

1,885

1,909

1,860

1,828

1,774

1,715

1,682

1,676

1,694

1,738

1,804

1,880

1,968

2,080

2,118

2,139

2,123

2,113

2,144

2,132

2,122

2,078

2,032

1,994

1,958

1,886

1,788

1,620

1,541

1,426

1,290

0

0

0

-

-

Services sales
Net sales

330

332

330

326

318

319

318

315

312

298

290

277

266

265

270

277

277

280

281

289

294

298

305

310

319

327

325

317

311

308

315

315

316

308

364

322

276

237

0

0

0

-

-

Total cost of sales

217

220

218

215

210

210

212

213

211

204

200

192

186

183

184

186

190

193

194

197

194

196

198

201

205

214

211

207

201

195

200

202

207

205

257

226

193

165

0

0

0

-

-