Valmont Industries, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.75B | $2.52B | $2.62B | $3.12B | $3.30B | $3.17B | $2.77B | $2.03B |
| Cost of Revenue | $2.06B | $1.87B | $2.00B | $2.32B | $2.36B | $2.23B | $1.99B | $1.46B |
| Gross Profit | $681.8M | $656.2M | $621.0M | $808.1M | $945.2M | $802.5M | $666.8M | $519.6M |
| Gross Margin | 24.8% | 26.0% | 23.7% | 25.9% | 28.6% | 25.3% | 24.1% | 25.6% |
| Operating Expenses | ||||||||
| Research & Development | $11.6M | $8.3M | $11.6M | $13.9M | $10.2M | $7.1M | $6.2M | $5.5M |
| SG&A Expense | $414.7M | $410.9M | $447.4M | $450.4M | $472.2M | $420.2M | $403.5M | $341.2M |
| Operating Income | $267.1M | $245.4M | $131.7M | $357.7M | $473.1M | $382.3M | $263.3M | $178.4M |
| Operating Margin | 9.7% | 9.7% | 5.0% | 11.5% | 14.3% | 12.1% | 9.5% | 8.8% |
| Interest Expense | $44.6M | $44.4M | $44.6M | $36.8M | $32.5M | $31.6M | $36.2M | $30.9M |
| Pretax Income | $228.5M | $220.5M | $93.0M | $284.2M | $449.4M | $359.3M | $233.8M | $153.0M |
| Income Tax Expense | $106.1M | $42.1M | $47.4M | $94.9M | $157.8M | $126.5M | $4.6M | $55.0M |
| Net Income | $122.3M | $178.4M | $45.3M | $189.3M | $280.5M | $238.9M | $237.2M | $94.4M |
| Net Margin | 4.5% | 7.1% | 1.7% | 6.1% | 8.5% | 7.5% | 8.6% | 4.6% |
| EPS (Basic) | $5.16 | $7.68 | $1.72 | $7.15 | $10.45 | $8.84 | $8.67 | $3.62 |
| EPS (Diluted) | $5.11 | $7.63 | $1.71 | $7.09 | $10.35 | $8.75 | $8.60 | $3.57 |
| Shares Outstanding (Basic) | 22.5M | 22.6M | 23.3M | 25.7M | 26.6M | 26.5M | 26.3M | 26.1M |
| Shares Outstanding (Diluted) | 22.7M | 22.7M | 23.4M | 25.9M | 26.9M | 26.8M | 26.6M | 26.4M |
| Dividends Per Share | $1.50 | $1.50 | $1.50 | $1.38 | $0.98 | $0.86 | $0.71 | $0.65 |