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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Net sales $ 969,314 $ 977,828
Total cost of sales 678,212 671,612
Gross profit 291,102 306,216
Selling, general, and administrative expenses 162,788 174,663
Operating income 128,314 131,553
Other income (expenses):    
Interest expense (10,115) (16,221)
Interest income 3,394 1,779
Gain (loss) on deferred compensation investments (841) 1,431
Other (2,730) (105)
Total other income (expenses) (10,292) (13,116)
Earnings before income taxes and equity in loss of nonconsolidated subsidiaries 118,022 118,437
Income tax expense:    
Current 20,360 19,644
Deferred 10,439 10,344
Total income tax expense 30,799 29,988
Earnings before equity in loss of nonconsolidated subsidiaries 87,223 88,449
Equity in loss of nonconsolidated subsidiaries (560) (20)
Net earnings 86,663 88,429
Loss (earnings) attributable to redeemable noncontrolling interests 598 (607)
Net earnings attributable to Valmont Industries, Inc. $ 87,261 $ 87,822
Net earnings attributable to Valmont Industries, Inc. per share:    
Basic $ 4.35 $ 4.35
Diluted $ 4.32 $ 4.32
Product sales    
Net sales $ 874,489 $ 874,678
Total cost of sales 621,043 605,215
Service sales    
Net sales 94,825 103,150
Total cost of sales $ 57,169 $ 66,397