EARNINGS PER SHARE

3 Months Ended

Mar. 29, 2025

EARNINGS PER SHARE

EARNINGS PER SHARE

(5) EARNINGS PER SHARE

The table below provides a reconciliation between the net earnings attributable to Valmont Industries, Inc. and the weighted average share amounts used to compute both basic and diluted earnings per share:

	Thirteen weeks ended
	March 29,		March 30,
	2025		2024
Net earnings attributable to Valmont Industries, Inc.	$	87,261	$	87,822
Weighted average shares outstanding (in thousands):
Basic		20,047		20,188
Dilutive effect of various stock awards		149		133
Diluted		20,196		20,321
Net earnings attributable to Valmont Industries, Inc. per share:
Basic	$	4.35	$	4.35
Dilutive effect of various stock awards		(0.03)		(0.03)
Diluted	$	4.32	$	4.32

As of March 29, 2025 and March 30, 2024, there were 41,326 and 73,003 outstanding stock options, respectively, with exercise prices that exceeded the average market price of common stock during the respective periods. As such, these options were anti-dilutive and were excluded from the computation of diluted earnings per share.