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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 27, 2025
Sep. 28, 2024
Net sales $ 1,045,980 $ 1,020,175 $ 3,065,842 $ 3,037,740
Total cost of sales 727,734 718,482 2,135,327 2,109,549
Gross profit 318,246 301,693 930,515 928,191
Selling, general, and administrative expenses 176,790 175,958 531,248 523,595
Impairment of long-lived assets     91,337  
Realignment charges     8,884  
Operating income 141,456 125,735 299,046 404,596
Other income (expenses):        
Interest expense (9,738) (14,313) (30,396) (46,380)
Interest income 1,588 2,080 6,550 5,358
Gain on deferred compensation investments 1,187 1,160 2,730 3,116
Other (2,956) (2,307) (9,361) (3,662)
Total other expenses (9,919) (13,380) (30,477) (41,568)
Earnings before income taxes and equity in loss of nonconsolidated subsidiaries 131,537 112,355 268,569 363,028
Income tax expense (benefit):        
Current 22,872 46,133 78,507 106,738
Deferred 7,552 (16,409) 4,996 (15,959)
Total income tax expense 30,424 29,724 83,503 90,779
Earnings before equity in loss of nonconsolidated subsidiaries 101,113 82,631 185,066 272,249
Equity in loss of nonconsolidated subsidiaries (21) (21) (602) (60)
Net earnings 101,092 82,610 184,464 272,189
Loss (earnings) attributable to redeemable noncontrolling interests (2,061) 458 (2,192) (1,583)
Net earnings attributable to Valmont Industries, Inc. $ 99,031 $ 83,068 $ 182,272 $ 270,606
Net earnings attributable to Valmont Industries, Inc. per share:        
Basic $ 5.02 $ 4.13 $ 7.85 $ 13.43
Diluted $ 4.98 $ 4.11 $ 7.8 $ 13.34
Product sales        
Net sales $ 928,106 $ 922,062 $ 2,745,966 $ 2,725,219
Total cost of sales 655,859 659,805 1,945,931 1,916,751
Service sales        
Net sales 117,874 98,113 319,876 312,521
Total cost of sales $ 71,875 $ 58,677 $ 189,396 $ 192,798