EARNINGS PER SHARE

9 Months Ended

Sep. 27, 2025

EARNINGS PER SHARE

EARNINGS PER SHARE

(6) 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				Thirty-nine weeks ended
	September 27,		September 28,		September 27,		September 28,
	2025		2024		2025		2024
Net earnings attributable to Valmont Industries, Inc.
Net earnings attributable to Valmont Industries, Inc.	$	99,031	$	83,068	$	182,272	$	270,606
Change in redemption value of redeemable noncontrolling interests		—		—		(26,243)		—
Net earnings attributable to Valmont Industries, Inc. including change in redemption value of redeemable noncontrolling interests	$	99,031	$	83,068	$	156,029	$	270,606
Weighted average shares outstanding (in thousands):
Basic		19,736		20,092		19,864		20,152
Dilutive effect of various stock awards		140		142		137		131
Diluted		19,876		20,234		20,001		20,283
Net earnings attributable to Valmont Industries, Inc. per share:
Basic	$	5.02	$	4.13	$	7.85	$	13.43
Dilutive effect of various stock awards		(0.04)		(0.02)		(0.05)		(0.09)
Diluted	$	4.98	$	4.11	$	7.80	$	13.34

As of September 27, 2025 and September 28, 2024, there were no outstanding stock options and 22,600 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.