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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Dec. 25, 2021
Net sales $ 4,174,598 $ 4,345,250 $ 3,501,575
Total cost of sales 2,938,564 3,219,026 2,617,686
Gross profit 1,236,034 1,126,224 883,889
Selling, general, and administrative expenses 768,423 692,975 590,608
Impairment of goodwill and intangible assets 140,844   6,496
Realignment charges 35,210    
Operating income 291,557 433,249 286,785
Other income (expenses):      
Interest expense (56,808) (47,534) (42,612)
Interest income 6,230 2,015 1,192
Gain (loss) on investments - unrealized 3,564 (3,374) 1,920
Gain (loss) on divestitures 2,994 (33,273)  
Other (11,085) 12,805 12,798
Total other income (expenses) (55,105) (69,361) (26,702)
Earnings before income taxes and equity in loss of nonconsolidated subsidiaries 236,452 363,888 260,083
Income tax expense (benefit):      
Current 108,770 109,912 61,343
Deferred (18,649) (1,225) 71
Total income tax expense 90,121 108,687 61,414
Earnings before equity in loss of nonconsolidated subsidiaries 146,331 255,201 198,669
Equity in loss of nonconsolidated subsidiaries (1,419) (950) (944)
Net earnings 144,912 254,251 197,725
Loss (earnings) attributable to redeemable noncontrolling interests 5,937 (3,388) (2,095)
Net earnings attributable to Valmont Industries, Inc. $ 150,849 $ 250,863 $ 195,630
Earnings per share:      
Basic $ 6.85 $ 11.77 $ 9.23
Diluted $ 6.78 $ 11.62 $ 9.10
Product sales      
Net sales $ 3,772,835 $ 3,955,320 $ 3,159,605
Total cost of sales 2,672,740 2,958,208 2,395,630
Service sales      
Net sales 401,763 389,930 341,970
Total cost of sales $ 265,824 $ 260,818 $ 222,056