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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Net sales $ 4,075,034 $ 4,174,598 $ 4,345,250
Total cost of sales 2,833,822 2,938,564 3,219,026
Gross profit 1,241,212 1,236,034 1,126,224
Selling, general, and administrative expenses 716,628 768,423 692,975
Impairment of goodwill and other intangible assets   140,844  
Realignment charges   35,210  
Operating income 524,584 291,557 433,249
Other income (expenses):      
Interest expense (58,722) (56,808) (47,534)
Interest income 7,183 6,230 2,015
Gain (loss) on deferred compensation investments 3,634 3,564 (3,374)
Gain (loss) on divestitures (4,474) 2,994 (33,273)
Other (3,524) (11,085) 12,805
Total other income (expenses) (55,903) (55,105) (69,361)
Earnings before income taxes and equity in loss of nonconsolidated subsidiaries 468,681 236,452 363,888
Income tax expense (benefit):      
Current 142,633 108,770 109,912
Deferred (24,655) (18,649) (1,225)
Total income tax expense 117,978 90,121 108,687
Earnings before equity in loss of nonconsolidated subsidiaries 350,703 146,331 255,201
Equity in loss of nonconsolidated subsidiaries (79) (1,419) (950)
Net earnings 350,624 144,912 254,251
Loss (earnings) attributable to redeemable noncontrolling interests (2,365) 5,937 (3,388)
Net earnings attributable to Valmont Industries, Inc. $ 348,259 $ 150,849 $ 250,863
Net earnings attributable to Valmont Industries, Inc. per share:      
Basic $ 17.31 $ 6.85 $ 11.77
Diluted $ 17.19 $ 6.78 $ 11.62
Product sales      
Net sales $ 3,660,779 $ 3,772,835 $ 3,955,320
Total cost of sales 2,580,083 2,672,740 2,958,208
Service sales      
Net sales 414,255 401,763 389,930
Total cost of sales $ 253,739 $ 265,824 $ 260,818