Valmont Industries Inc
NYSE:VMI
Income Statement
Earnings Waterfall
Valmont Industries Inc
Revenue
|
4.2B
USD
|
Cost of Revenue
|
-2.9B
USD
|
Gross Profit
|
1.2B
USD
|
Operating Expenses
|
-803.6m
USD
|
Operating Income
|
432.4m
USD
|
Other Expenses
|
-281.6m
USD
|
Net Income
|
150.8m
USD
|
Income Statement
Valmont Industries Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Apr-2017 | Jul-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Apr-2023 | Jul-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
3 304
N/A
|
3 236
-2%
|
3 200
-1%
|
3 188
0%
|
3 123
-2%
|
3 042
-3%
|
2 881
-5%
|
2 748
-5%
|
2 619
-5%
|
2 545
-3%
|
2 503
-2%
|
2 481
-1%
|
2 522
+2%
|
2 563
+2%
|
2 635
+3%
|
2 706
+3%
|
2 746
+1%
|
2 807
+2%
|
2 777
-1%
|
2 775
0%
|
2 757
-1%
|
2 751
0%
|
2 769
+1%
|
2 781
+0%
|
2 767
0%
|
2 749
-1%
|
2 737
0%
|
2 781
+2%
|
2 895
+4%
|
2 996
+3%
|
3 202
+7%
|
3 337
+4%
|
3 502
+5%
|
3 708
+6%
|
3 948
+6%
|
4 177
+6%
|
4 345
+4%
|
4 427
+2%
|
4 338
-2%
|
4 291
-1%
|
4 175
-3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2 359)
|
(2 320)
|
(2 325)
|
(2 338)
|
(2 315)
|
(2 275)
|
(2 166)
|
(2 075)
|
(1 998)
|
(1 929)
|
(1 881)
|
(1 860)
|
(1 865)
|
(1 903)
|
(1 967)
|
(2 029)
|
(2 064)
|
(2 121)
|
(2 099)
|
(2 096)
|
(2 099)
|
(2 097)
|
(2 112)
|
(2 112)
|
(2 084)
|
(2 048)
|
(2 030)
|
(2 059)
|
(2 130)
|
(2 212)
|
(2 372)
|
(2 470)
|
(2 618)
|
(2 779)
|
(2 957)
|
(3 127)
|
(3 219)
|
(3 241)
|
(3 115)
|
(3 039)
|
(2 939)
|
|
Gross Profit |
945
N/A
|
917
-3%
|
876
-4%
|
850
-3%
|
808
-5%
|
767
-5%
|
716
-7%
|
673
-6%
|
621
-8%
|
617
-1%
|
622
+1%
|
620
0%
|
656
+6%
|
660
+1%
|
668
+1%
|
677
+1%
|
682
+1%
|
686
+1%
|
678
-1%
|
679
+0%
|
658
-3%
|
654
-1%
|
657
+0%
|
669
+2%
|
683
+2%
|
702
+3%
|
707
+1%
|
722
+2%
|
766
+6%
|
784
+2%
|
830
+6%
|
866
+4%
|
884
+2%
|
929
+5%
|
991
+7%
|
1 050
+6%
|
1 126
+7%
|
1 186
+5%
|
1 222
+3%
|
1 252
+2%
|
1 236
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(472)
|
(463)
|
(462)
|
(458)
|
(450)
|
(450)
|
(450)
|
(443)
|
(447)
|
(480)
|
(468)
|
(423)
|
(411)
|
(414)
|
(416)
|
(417)
|
(415)
|
(420)
|
(427)
|
(433)
|
(440)
|
(482)
|
(450)
|
(452)
|
(455)
|
(464)
|
(469)
|
(485)
|
(507)
|
(548)
|
(540)
|
(563)
|
(591)
|
(624)
|
(651)
|
(675)
|
(693)
|
(762)
|
(784)
|
(773)
|
(804)
|
|
Selling, General & Administrative |
(472)
|
(463)
|
(462)
|
(458)
|
(437)
|
(450)
|
(450)
|
(443)
|
(436)
|
(438)
|
(426)
|
(423)
|
(403)
|
(414)
|
(416)
|
(417)
|
(403)
|
(420)
|
(427)
|
(433)
|
(429)
|
(445)
|
(450)
|
(452)
|
(441)
|
(464)
|
(469)
|
(485)
|
(485)
|
(515)
|
(540)
|
(563)
|
(554)
|
(618)
|
(644)
|
(669)
|
(693)
|
(729)
|
(751)
|
(769)
|
(768)
|
|
Research & Development |
0
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(21)
|
0
|
0
|
0
|
(37)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(42)
|
(42)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(37)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(33)
|
0
|
0
|
0
|
(6)
|
(6)
|
(6)
|
0
|
(33)
|
(33)
|
(4)
|
(35)
|
|
Operating Income |
473
N/A
|
454
-4%
|
414
-9%
|
392
-5%
|
358
-9%
|
317
-11%
|
266
-16%
|
230
-13%
|
174
-25%
|
136
-21%
|
154
+13%
|
197
+28%
|
245
+24%
|
246
+0%
|
253
+3%
|
259
+3%
|
267
+3%
|
267
0%
|
252
-6%
|
246
-2%
|
218
-11%
|
172
-21%
|
207
+20%
|
216
+5%
|
228
+5%
|
238
+4%
|
238
+0%
|
237
-1%
|
259
+9%
|
236
-9%
|
290
+23%
|
303
+5%
|
293
-3%
|
304
+4%
|
341
+12%
|
374
+10%
|
433
+16%
|
424
-2%
|
439
+4%
|
479
+9%
|
432
-10%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(26)
|
(26)
|
(26)
|
(27)
|
(31)
|
(35)
|
(38)
|
(41)
|
(41)
|
(41)
|
(41)
|
(41)
|
(41)
|
(41)
|
(41)
|
(41)
|
(40)
|
(39)
|
(40)
|
(40)
|
(40)
|
(36)
|
(33)
|
(32)
|
(31)
|
(35)
|
(35)
|
(35)
|
(36)
|
(35)
|
(37)
|
(38)
|
(40)
|
(42)
|
(46)
|
(48)
|
(49)
|
(48)
|
(48)
|
(46)
|
(47)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(15)
|
(42)
|
0
|
0
|
(27)
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(37)
|
(36)
|
0
|
(31)
|
0
|
0
|
0
|
(19)
|
(20)
|
(33)
|
0
|
(15)
|
(13)
|
(6)
|
0
|
0
|
0
|
(33)
|
0
|
0
|
(174)
|
(138)
|
|
Total Other Income |
2
|
(5)
|
(3)
|
(44)
|
(43)
|
(36)
|
(38)
|
2
|
3
|
0
|
1
|
3
|
16
|
21
|
20
|
19
|
1
|
(1)
|
1
|
3
|
1
|
4
|
2
|
0
|
3
|
3
|
2
|
2
|
3
|
5
|
10
|
12
|
13
|
13
|
11
|
11
|
13
|
7
|
5
|
3
|
(11)
|
|
Pre-Tax Income |
449
N/A
|
423
-6%
|
385
-9%
|
322
-16%
|
284
-12%
|
246
-13%
|
189
-23%
|
176
-7%
|
93
-47%
|
95
+2%
|
114
+20%
|
132
+16%
|
221
+67%
|
225
+2%
|
231
+3%
|
238
+3%
|
229
-4%
|
226
-1%
|
207
-9%
|
172
-17%
|
143
-17%
|
140
-2%
|
145
+4%
|
185
+28%
|
200
+8%
|
205
+3%
|
187
-9%
|
183
-2%
|
193
+5%
|
206
+7%
|
248
+20%
|
264
+6%
|
260
-2%
|
276
+6%
|
305
+11%
|
337
+11%
|
364
+8%
|
383
+5%
|
396
+4%
|
261
-34%
|
236
-9%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(158)
|
(153)
|
(140)
|
(110)
|
(95)
|
(82)
|
(62)
|
(59)
|
(47)
|
(47)
|
(52)
|
(54)
|
(42)
|
(41)
|
(43)
|
(43)
|
(64)
|
(61)
|
(55)
|
(50)
|
(42)
|
(42)
|
(41)
|
(46)
|
(48)
|
(49)
|
(49)
|
(47)
|
(50)
|
(51)
|
(53)
|
(57)
|
(61)
|
(69)
|
(84)
|
(96)
|
(109)
|
(117)
|
(120)
|
(107)
|
(90)
|
|
Income from Continuing Operations |
292
|
270
|
245
|
212
|
189
|
164
|
128
|
116
|
46
|
48
|
62
|
78
|
178
|
184
|
188
|
195
|
164
|
165
|
152
|
123
|
101
|
98
|
104
|
139
|
152
|
156
|
138
|
136
|
143
|
156
|
196
|
208
|
199
|
207
|
221
|
242
|
255
|
265
|
276
|
153
|
146
|
|
Income to Minority Interest |
(2)
|
(2)
|
(2)
|
(1)
|
(5)
|
(6)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(6)
|
(6)
|
(5)
|
(5)
|
(6)
|
(5)
|
(4)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(1)
|
1
|
3
|
6
|
|
Equity Earnings Affiliates |
(11)
|
(11)
|
(12)
|
(12)
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Net Income (Common) |
279
N/A
|
257
-8%
|
231
-10%
|
199
-14%
|
184
-7%
|
159
-14%
|
123
-23%
|
111
-9%
|
40
-64%
|
42
+6%
|
57
+33%
|
73
+28%
|
173
+139%
|
179
+4%
|
183
+2%
|
190
+4%
|
116
-39%
|
117
+0%
|
104
-11%
|
73
-30%
|
94
+29%
|
91
-3%
|
98
+7%
|
134
+36%
|
146
+10%
|
151
+3%
|
134
-11%
|
133
-1%
|
141
+6%
|
153
+9%
|
192
+26%
|
205
+6%
|
196
-4%
|
203
+4%
|
217
+7%
|
237
+9%
|
251
+6%
|
263
+5%
|
276
+5%
|
155
-44%
|
151
-3%
|
|
EPS (Diluted) |
10.36
N/A
|
9.51
-8%
|
8.6
-10%
|
7.78
-10%
|
7.09
-9%
|
6.61
-7%
|
5.17
-22%
|
4.79
-7%
|
1.71
-64%
|
1.85
+8%
|
2.47
+34%
|
3.19
+29%
|
7.63
+139%
|
7.91
+4%
|
8.07
+2%
|
8.33
+3%
|
5.11
-39%
|
5.11
N/A
|
4.59
-10%
|
3.26
-29%
|
4.23
+30%
|
4.13
-2%
|
4.49
+9%
|
6.14
+37%
|
6.73
+10%
|
7.02
+4%
|
6.26
-11%
|
6.22
-1%
|
6.57
+6%
|
7.15
+9%
|
8.95
+25%
|
9.49
+6%
|
9.1
-4%
|
9.44
+4%
|
10.08
+7%
|
10.98
+9%
|
11.62
+6%
|
12.23
+5%
|
13.01
+6%
|
7.4
-43%
|
7.13
-4%
|