VALMONT INDUSTRIES INC Earnings Per Share Disclosure
(12) NET EARNINGS PER SHARE
The table below provides a reconciliation between the net earnings attributable to Valmont Industries, Inc. and the weighted average share amounts used to compute both basic and diluted net earnings per share:
Fiscal Year Ended | |||||||||
December 27, | December 28, | December 30, | |||||||
2025 | | 2024 | | 2023 | |||||
Net earnings attributable to Valmont Industries, Inc. | |||||||||
Net earnings attributable to Valmont Industries, Inc. | $ | 350,273 | $ | 348,259 | $ | 150,849 | |||
Change in redemption value of redeemable noncontrolling interests | (15,489) | — | (7,374) | ||||||
Net earnings attributable to Valmont Industries, Inc. including change in redemption value of redeemable noncontrolling interests | $ | 334,784 | $ | 348,259 | $ | 143,475 | |||
Weighted average shares outstanding (in thousands): | |||||||||
Basic | 19,795 | 20,122 | 20,956 | ||||||
Dilutive effect of various stock awards | 142 | 139 | 203 | ||||||
Diluted | 19,937 | 20,261 | 21,159 | ||||||
Net earnings attributable to Valmont Industries, Inc. per share: | |||||||||
Basic | $ | 16.91 | $ | 17.31 | $ | 6.85 | |||
Dilutive effect of various stock awards | (0.12) | (0.12) | (0.07) | ||||||
Diluted | $ | 16.79 | $ | 17.19 | $ | 6.78 | |||
As of December 27, 2025, December 28, 2024, and December 30, 2023, there were 22,216; 44,620; and 127,774 outstanding stock options, respectively, with exercise prices that exceeded the average market price of common stock during the respective periods. As such, these options were anti-dilutive and were excluded from the computation of diluted net earnings per share.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Feb 25, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Mar 1, 2023 | |
| 2021 | Feb 23, 2022 | |
| 2020 | Feb 24, 2021 | |
| 2019 | Feb 26, 2020 | |
| 2018 | Feb 27, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Mar 1, 2017 | |
| 2015 | Feb 24, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.