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VALMONT INDS   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2018201720162015201420132012201120102009
Period End Date12/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/2009
Sales--------------------
Product sales2,437.332,447.222,255.862,338.132,824.462,976.362,721.512,353.471,737.941,665.86
Services sales319.81298.75265.82280.79298.69327.85308.03308.01237.57120.74
Total Revenues2,757.142,745.972,521.682,618.923,123.143,304.213,029.542,661.481,975.511,786.60
Product cost of sales1,887.961,860.091,682.361,804.062,118.692,144.942,032.031,788.911,290.451,177.43
Cost of Sales--------------------
Services cost of sales210.91204.11183.08193.84196.34214.04195.06205.76165.4977.16
Gross Profit658.28681.77656.24621.03808.12945.23802.46666.81519.57532.01
Impairment of goodwill and intangible assets15.78----41.970.00----------
Selling, general and administrative expenses440.22414.69410.87447.37450.40472.16420.16403.50341.16294.02
Operating income (Loss)202.28267.08245.37131.70357.72473.07382.30263.31178.41237.99
Interest expense44.2444.6544.4144.6236.7932.5031.6336.1830.9515.76
Interest income4.674.743.113.306.056.488.279.274.841.51
Other1.631.2916.382.64(4.08)2.370.35(2.64)0.682.34
Miscellaneous--------------------
Debt prepayment expenses--------------------
Costs related torefinancing of debt(14.82)------(38.71)----------
Loss from divestiture of grinding media business (Donhad)(6.08)------------------
Total Non-Operating Income/Expense(58.84)(38.62)(24.92)(38.69)(73.53)(23.65)(23.01)(29.55)(25.43)(11.91)
Earnings before income taxes143.44228.46220.4593.01284.18449.42359.29233.76152.98226.08
Current- Foreign17.5612.8819.1215.0832.4439.2932.2929.2923.9216.62
Current: Federal21.1149.3241.5423.1352.59110.8581.0053.0121.9043.50
Current: State6.594.425.474.435.0616.4010.348.923.535.68
Income tax expense (benefit)-Current44.7966.3965.7542.5789.64167.92122.7889.5549.9965.52
Income tax expense (benefit)-Deferred(1.66)39.76(23.69)4.865.25(10.14)3.72(84.96)5.027.38
Deferred: Federal0.21(9.63)8.503.380.45(8.66)(3.82)(4.59)5.268.15
Deferred: State0.01(0.39)0.20(0.33)1.38(0.31)(0.66)(1.18)0.691.09
Deferred: Foreign(1.88)49.77(32.39)1.813.43(1.17)8.20(79.20)(0.93)(1.86)
Non-current:------(69.00)(0.45)1.39----0.65(0.28)
Earnings before equity in earnings of nonconsolidated subsidiaries------45.58189.29291.64232.79229.1797.97153.19
Minority interest--------------------
Equity in earnings (losses) of nonconsolidated subsidiaries------(0.25)0.030.846.138.062.440.75
Loss from deconsolidation of subsidiary----------(12.01)--------
Cumulative effect of change in accounting principle--------------------
Consolidated Net Income (Loss)100.31122.32178.3945.33189.32280.46238.92237.23100.41153.94
Less: Earnings attributable to noncontrolling interests5.966.085.165.225.341.974.848.926.033.38
Net Income (Loss) Available to Common Shareholders94.35116.24173.2340.12183.98278.49234.07228.3194.38150.56
Income from continuing operations before cumulative effect of change in accounting principle--------------------
Cumulative effect of change in accounting principle- Basic--------------------
Net Earnings Per Share (Basic)4.235.167.681.727.1510.458.848.673.625.80
Income from continuing operations before cumulative effect of change in accounting principle--------------------
Cumulative effect of change in accounting principle- Diluted--------------------
Net Earnings Per Share (Diluted)4.205.117.631.717.0910.358.758.603.575.73
Weighted Average Shares Outstanding (Basic)22.3122.5222.5623.2925.7226.6426.4726.3326.1025.95
Weighted Average Shares Outstanding (Diluted)22.4522.7422.7123.4125.9326.9026.7626.5526.4226.29