Dilutive

Effect of

Stock

Diluted

Basic EPS

Options

EPS

Thirteen weeks ended September 24, 2022:

Net earnings attributable to Valmont Industries, Inc.

$

72,112

$

—

$

72,112

Weighted average shares outstanding (000’s)

21,332

273

21,605

Per share amount

$

3.38

$

(0.04)

$

3.34

Thirteen weeks ended September 25, 2021:

Net earnings attributable to Valmont Industries, Inc.

$

51,650

$

—

$

51,650

Weighted average shares outstanding (000’s)

21,175

377

21,552

Per share amount

$

2.44

$

(0.04)

$

2.40

Thirty-nine weeks ended September 24, 2022

.

Net earnings attributable to Valmont Industries, Inc.

$

210,531

$

—

$

210,531

Weighted average shares outstanding (000’s)

21,308

238

21,546

Per share amount

$

9.88

$

(0.11)

$

9.77

Thirty-nine weeks ended September 25, 2021:

Net earnings attributable to Valmont Industries, Inc.

$

168,774

$

—

$

168,774

Weighted average shares outstanding (000’s)

21,182

301

21,483

Per share amount

$

7.97

$

(0.11)

$

7.86