Valmont Industries, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.10B | $4.08B | $4.17B | $4.35B | $3.50B | $2.90B | $2.77B | $2.76B |
| Cost of Revenue | $2.86B | $2.83B | $2.94B | $3.22B | $2.62B | $2.13B | $2.08B | $2.09B |
| Gross Profit | $1.24B | $1.24B | $1.24B | $1.13B | $883.9M | $765.5M | $682.7M | $668.2M |
| Gross Margin | 30.2% | 30.5% | 29.6% | 25.9% | 25.2% | 26.4% | 24.7% | 24.2% |
| Operating Expenses | ||||||||
| Research & Development | $33.0M | $59.0M | $55.0M | $46.0M | $37.0M | $21.4M | $13.9M | $11.5M |
| SG&A Expense | $717.6M | $716.6M | $768.4M | $693.0M | $590.6M | $522.9M | $454.8M | $440.2M |
| Operating Income | $415.6M | $524.6M | $291.6M | $433.2M | $286.8M | $226.0M | $227.9M | $212.2M |
| Operating Margin | 10.1% | 12.9% | 7.0% | 10.0% | 8.2% | 7.8% | 8.2% | 7.7% |
| Interest Expense | — | — | $56.8M | $47.5M | $42.6M | $41.1M | $40.2M | $44.2M |
| Pretax Income | $377.6M | $468.7M | $236.5M | $363.9M | $260.1M | $192.8M | $199.9M | $153.3M |
| Income Tax Expense | $23.9M | $118.0M | $90.1M | $108.7M | $61.4M | $49.6M | $47.8M | $45.6M |
| Net Income | $350.3M | $348.3M | $150.8M | $250.9M | $195.6M | $142.1M | $152.1M | $107.7M |
| Net Margin | 8.5% | 8.5% | 3.6% | 5.8% | 5.6% | 4.9% | 5.5% | 3.9% |
| EPS (Basic) | $16.91 | $17.31 | $6.85 | $11.77 | $9.23 | $6.60 | $6.76 | $4.56 |
| EPS (Diluted) | $16.79 | $17.19 | $6.78 | $11.62 | $9.10 | $6.57 | $6.73 | $4.53 |
| Shares Outstanding (Basic) | 19.8M | 20.1M | 21.0M | 21.3M | 21.2M | 21.3M | 21.7M | 22.3M |
| Shares Outstanding (Diluted) | 19.9M | 20.3M | 21.2M | 21.6M | 21.5M | 21.4M | 21.8M | 22.4M |
| Dividends Per Share | $2.72 | $2.40 | $2.40 | $2.20 | $2.00 | $1.80 | $1.50 | $1.50 |