← VALMONT INDUSTRIES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net earnings | $178.4m | $122.3m | $100.3m | $159.5m | $142.1m | $197.7m | $254.3m | $144.9m | $350.6m | $353.7m | |
| Depreciation and amortization | $82.4m | $85.0m | $82.8m | $82.3m | $82.9m | $92.6m | $97.2m | $98.7m | $95.4m | $88.5m | |
| Deferred income taxes | ($23.7m) | $39.8m | ($1.7m) | $3.9m | ($1.4m) | $71k | ($1.2m) | ($18.6m) | ($24.7m) | ($19.2m) | |
| Impairment of long-lived assets | $0 | $0 | $15.8m | $0 | $20.4m | $27.9m | — | $140.8m | — | $91.3m | |
| Loss (gain) on divestitures | — | — | — | — | — | — | $33.3m | ($3.0m) | $4.5m | — | |
| Loss (gain) on sale of property, plant, and equipment | $631k | ($3.9m) | ($225k) | ($2.5m) | $60k | ($961k) | $237k | $973k | $7.6m | ($545k) | |
| Equity method investment loss | $0 | $0 | $0 | — | — | $944k | $950k | $1.4m | $79k | $90k | |
| Contribution to defined benefit pension plan | ($1.5m) | ($40.2m) | ($1.5m) | ($18.5m) | ($35.4m) | ($1.9m) | ($17.2m) | ($17.3m) | ($19.6m) | ($3.2m) | |
| Stock-based compensation | $9.9m | $10.7m | $10.4m | $11.6m | $14.9m | $28.7m | $41.9m | $39.2m | $29.9m | $24.3m | |
| Net periodic pension cost | — | $648k | ($2.3m) | ($513k) | ($7.3m) | ($14.6m) | ($10.1m) | $249k | $640k | $1.1m | |
| Other, net | ($255k) | ($2.3m) | ($1.9m) | $545k | ($3.0m) | $1.2m | ($1.1m) | ($1.4m) | ($2.4m) | ($1.9m) | |
| Receivables | $24.6m | ($49.1m) | $12.6m | $5.4m | ($24.4m) | ($69.3m) | ($74.2m) | ($46.3m) | ($29.5m) | $82.5m | |
| Inventories | ($11.5m) | ($57.4m) | ($13.8m) | $12.3m | ($21.9m) | ($289.9m) | ($3.4m) | $88.4m | $45.6m | $39.4m | |
| Contract assets | $3.1m | $176k | ($32.9m) | ($29.3m) | $19.8m | ($21.6m) | ($53.0m) | ($1.2m) | ($11.8m) | ($79.8m) | |
| Prepaid expenses and other assets (current and non-current) | $1.1m | ($6.0m) | ($11.0m) | $4.4m | ($10.6m) | ($36.1m) | $26.6m | ($26.2m) | $613k | $21.9m | |
| Accounts payable | $104k | $39.4m | ($1.5m) | ($21.4m) | $33.0m | $89.4m | $37.0m | ($10.5m) | $24.8m | ($26.3m) | |
| Contract liabilities (current and non-current) | — | — | ($2.8m) | $113.0m | $12.1m | $6.6m | ($567k) | ($106.9m) | $63.7m | ($80.5m) | |
| Accrued expenses | ($12.2m) | ($2.0m) | $49k | $108.8m | $52.5m | $30.6m | $624k | $22.6m | $8.2m | $3.6m | |
| Current income taxes | $8.0m | $1.1m | ($4.1m) | ($6.9m) | ($8.3m) | $5.6m | $10.8m | $13.7m | $18.8m | ($43.0m) | |
| Other non-current liabilities | ($23.9m) | ($7.2m) | ($10.9m) | ($1.3m) | $46.7m | $20.2m | ($16.9m) | ($14.2m) | $7.8m | ($79k) | |
| Proceeds from sales of assets | $5.1m | $8.2m | $63.1m | $5.6m | $10.9m | $1.7m | $1.6m | $1.7m | $643k | $2.2m | |
| Proceeds from property damage insurance claims | — | — | — | — | — | — | — | $7.5m | — | $1.4m | |
| Acquisitions, net of cash acquired | $0 | ($5.4m) | ($143.0m) | ($81.8m) | ($15.9m) | ($312.5m) | ($39.3m) | ($32.7m) | — | — | |
| Proceeds from short-term borrowings | — | — | $10.5m | $13.2m | $21.0m | $5.8m | $9.7m | $30.8m | $15.0m | $2.8m | |
| Repayments on short-term borrowings | — | — | $0 | ($1.9m) | ($7.9m) | ($26.1m) | ($17.2m) | ($34.1m) | ($16.5m) | ($4.5m) | |
| Proceeds from long-term borrowings | $0 | $0 | $251.7m | $31.0m | $88.9m | $312.5m | $254.0m | $370.0m | $30.0m | $215.8m | |
| Principal repayments on long-term borrowings | ($2.0m) | ($887k) | ($262.2m) | ($10.8m) | ($121.7m) | ($91.3m) | ($336.4m) | ($134.7m) | ($408.1m) | ($151.6m) | |
| Proceeds from settlement of financial derivatives | — | — | — | — | — | — | $3.5m | — | $2.7m | — | |
| Proceeds from exercises under stock plans | $11.2m | $35.2m | $7.4m | $13.6m | $19.0m | $23.9m | $16.8m | $5.8m | $6.6m | $6.4m | |
| Tax withholdings on exercises under stock plans | — | — | — | — | — | ($21.5m) | ($18.0m) | ($18.8m) | ($13.1m) | ($12.9m) | |
| Net cash flows from operating activities | $219.2m | $145.7m | $153.0m | $307.6m | $316.3m | $65.9m | $326.3m | $306.8m | $572.7m | $456.5m | |
| Purchases of property, plant, and equipment | ($57.9m) | ($55.3m) | ($72.0m) | ($97.4m) | ($106.7m) | ($107.8m) | ($93.3m) | ($96.8m) | ($79.5m) | ($145.0m) | |
| Proceeds from divestitures, net of cash divested | — | — | — | — | — | — | — | $6.4m | $3.8m | — | |
| Net cash flows from investing activities | ($53.0m) | ($49.6m) | ($155.4m) | ($168.2m) | ($104.0m) | ($417.3m) | ($132.1m) | ($115.3m) | ($78.9m) | ($142.7m) | |
| Repurchases of common stock | ($53.8m) | $0 | ($114.8m) | ($62.9m) | ($56.5m) | ($26.1m) | ($40.5m) | ($345.3m) | ($70.1m) | ($198.1m) | |
| Dividends to redeemable noncontrolling interests | ($2.9m) | ($5.7m) | ($7.1m) | ($7.7m) | ($5.6m) | $0 | ($714k) | ($662k) | ($664k) | ($698k) | |
| Purchases of redeemable noncontrolling interests | — | — | ($5.5m) | ($27.8m) | ($59.4m) | $0 | ($7.3m) | — | ($17.7m) | ($101.8m) | |
| Dividends paid | ($34.1m) | ($33.9m) | ($33.7m) | ($32.6m) | ($36.9m) | ($41.4m) | ($45.8m) | ($49.5m) | ($48.4m) | ($52.5m) | |
| Net cash flows from financing activities | ($95.2m) | ($32.0m) | ($162.1m) | ($99.0m) | ($173.8m) | $133.5m | ($181.9m) | ($176.4m) | ($522.6m) | ($298.9m) | |
| Effect of exchange rate changes on cash and cash equivalents | ($20.1m) | $28.8m | ($15.0m) | ($182k) | $8.7m | ($5.6m) | ($4.1m) | $2.5m | ($10.0m) | $7.9m | |
| Net change in cash and cash equivalents | $50.9m | $92.9m | ($179.6m) | $40.3m | $47.2m | ($223.5m) | $8.2m | $17.6m | ($38.7m) | $22.8m | |
| Cash and cash equivalents-beginning of period | $413.6m | $492.8m | $313.2m | $353.5m | $400.7m | $177.2m | $185.4m | $203.0m | $164.3m | $187.1m | |
| Interest paid | — | — | — | — | — | — | $46.7m | $55.5m | $57.7m | $39.0m | |
| Income taxes paid | — | — | — | — | — | — | $93.1m | $103.7m | $125.5m | $84.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.