Financial Highlights

Conserving Resources.
Improving Life.


DOLLARS IN MILLIONS, EXCEPT PER SHARE AMOUNTS
Operating Results   2015     2014     2013
 
  Net sales $ 2,618.9   $ 3,123.1
  $ 3,304.2
 
  Operating income2     131.7     357.7
    473.1  
  Net earnings1,3   40.1     184.0
    278.5
 
  Diluted earnings per share4
  1.71     7.09
    10.35
 
  Dividends per share   1.50     1.375
    0.975
 
Financial Position                  
  Shareholders’ equity $ 965.2   $ 1,250.4
  $ 1,544.8
 
  Invested Capital3    1766.9      2104.0      2113.9  
Operating Profits                  
  Gross profit as a % of net sales   23.7  %   25.9
 %   28.6
 %
  Operating income as a % of net sales   5.0  %   11.5
 %   14.3
 %
  Net earnings as a % of net sales1,3   1.5  %   5.9
 %   8.4
 %
  Return on beginning equity   3.3  %   12.1
 %   20.6
 %
  Return on invested capital3   4.6  %   11.3
 %   15.0
 %
Year End Data                  
  Shares outstanding (000)   22,857     24,229
    26,825
 
  Approximate number of shareholders   3,000     2,500
    2,500  
  Number of employees   10,697     11,321
    10,769
 
1 Net earnings attributable to Valmont Industries, Inc.
2 Fiscal 2015 included intangible asset impairments of $42.0 million (pre-tax), restructuring expense of $39.9 million (pre-tax), and other non-recurring expenses of $24.0 million pre-tax.
3 See Item 6 on pages 21 through 25 of the attached Company’s Form 10-K.
4 Fiscal 2015 included intangible asset impairments of $40.1 million after-tax ($1.72 per share), restructuring expense of $28.2 million after-tax ($1.20 per share), other non-recurring expenses of $16.3 million after-tax ($0.69 per share) and deferred tax expense of $7.1 million ($0.31 per share) due to a change in the U.K. tax rate. Fiscal 2014 included costs associated with refinancing of our long-term debt of $24.2 million after tax ($0.93 per share), and mark-to-market loss of $3.8 million after-tax on shares of Delta Pty Ltd. ($0.15 per share). Fiscal 2013 included $4.6 million ($0.17 per share) in after-tax fixed asset impairment losses at Delta EMD Pty. Ltd. (EMD) and $12.0 million ($0.45 per share) in losses associated with the deconsolidation of EMD. 
For more detail on the footnotes above, please see the company's form 10-K.