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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jun. 28, 2025
Jun. 29, 2024
Net sales $ 1,050,548 $ 1,039,737 $ 2,019,862 $ 2,017,565
Total cost of sales 729,381 719,455 1,407,593 1,391,067
Gross profit 321,167 320,282 612,269 626,498
Selling, general, and administrative expenses 191,670 172,974 354,458 347,637
Impairment of long-lived assets 91,337   91,337  
Realignment charges 8,884   8,884  
Operating income 29,276 147,308 157,590 278,861
Other income (expenses):        
Interest expense (10,543) (15,846) (20,658) (32,067)
Interest income 1,568 1,499 4,962 3,278
Gain on deferred compensation investments 2,384 525 1,543 1,956
Other (3,675) (1,250) (6,405) (1,355)
Total other expenses (10,266) (15,072) (20,558) (28,188)
Earnings before income taxes and equity in loss of nonconsolidated subsidiaries 19,010 132,236 137,032 250,673
Income tax expense (benefit):        
Current 35,275 40,961 55,635 60,605
Deferred (12,995) (9,894) (2,556) 450
Total income tax expense 22,280 31,067 53,079 61,055
Earnings (loss) before equity in loss of nonconsolidated subsidiaries (3,270) 101,169 83,953 189,618
Equity in loss of nonconsolidated subsidiaries (21) (19) (581) (39)
Net earnings (loss) (3,291) 101,150 83,372 189,579
Earnings attributable to redeemable noncontrolling interests (729) (1,434) (131) (2,041)
Net earnings (loss) attributable to Valmont Industries, Inc. $ (4,020) $ 99,716 $ 83,241 $ 187,538
Net earnings (loss) attributable to Valmont Industries, Inc. per share:        
Basic $ (1.53) $ 4.94 $ 2.86 $ 9.29
Diluted $ (1.53) $ 4.91 $ 2.84 $ 9.24
Product sales        
Net sales $ 943,371 $ 928,479 $ 1,817,860 $ 1,803,157
Total cost of sales 669,029 651,731 1,290,072 1,256,946
Service sales        
Net sales 107,177 111,258 202,002 214,408
Total cost of sales $ 60,352 $ 67,724 $ 117,521 $ 134,121