VMI FY 2007 Earnings Report — Valmont Industries, Inc. Revenue & Financial Results | Market Cap Arena

Valmont Industries, Inc.VMI

FY 2007 Earnings

Reported February 26, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.3B	—	17.1%
Op. Income	$156M	—	$110M	—	41.4%
Gross Margin	26.7%	—	25.5%	—	1.2pp
Net Margin	6.3%	—	4.8%	—	1.5pp
EPS (Diluted)	$3.63	—	$2.38	—	52.5%
Free Cash Flow	$54M	—	$31M	—	71.7%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.1B
GROSS PROFIT	$400M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$244M
Other Expenses	$0
Operating Expenses	$244M
Cost & Expenses	$1.3B
OPERATING INCOME	$156M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$140M
Income Tax Expense	$44M
Net Income from Continuing Ops	$95M
Net Income from Discontinued Ops	$0
Other Adjustments	$2M
NET INCOME	$95M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$95M
D&A	$35M
EBIT	$156M
EBITDA	$191M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.1B
GROSS PROFIT	$400M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$244M
Other Expenses	$0
Operating Expenses	$244M
Cost & Expenses	$1.3B
OPERATING INCOME	$156M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$140M
Income Tax Expense	$44M
Net Income from Continuing Ops	$95M
Net Income from Discontinued Ops	$0
Other Adjustments	$2M
NET INCOME	$95M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$95M
D&A	$35M
EBIT	$156M
EBITDA	$191M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$95M
Depreciation & Amortization	$35M
Stock-Based Compensation	$0
Deferred Income Tax	-$2M
Other Non-Cash Items	-$5M
Change in Working Capital	-$16M
OPERATING CASH FLOW	$110M
Capital Expenditure	-$57M
Acquisitions (Net)	-$23M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$71M
Net Debt Issuance	$2M
Common Stock Repurchased	-$10M
Common Dividends Paid	-$10M
Other Financing Activities	$8M
NET CASH FROM FINANCING	-$210.0K
FREE CASH FLOW	$54M
Net Change in Cash	$43M

Balance Sheet

Item	Amount
Cash & Equivalents	$107M
Short-Term Investments	$0
Net Receivables	$254M
Inventory	$220M
Other Current Assets	$23M
TOTAL CURRENT ASSETS	$622M
PP&E (Net)	$233M
Goodwill	$116M
Intangible Assets	$58M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$24M
TOTAL NON-CURRENT ASSETS	$431M
TOTAL ASSETS	$1.1B
Account Payables	$129M
Short-Term Debt	$38M
Deferred Revenue	$0
Other Current Liabilities	$3M
TOTAL CURRENT LIABILITIES	$271M
Long-Term Debt	$201M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$36M
Other Non-Current Liabilities	$24M
TOTAL NON-CURRENT LIABILITIES	$261M
TOTAL LIABILITIES	$532M
Common Stock	$28M
Additional Paid-In Capital	$0
Retained Earnings	$496M
Treasury Stock	-$31M
Accum. Other Comp. Income	$17M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$511M
Minority Interest	$10M
TOTAL EQUITY	$521M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$238M
Net Debt	$132M