VMI FY 2009 Earnings Report — Valmont Industries, Inc. Revenue & Financial Results | Market Cap Arena

Valmont Industries, Inc.VMI

FY 2009 Earnings

Reported February 23, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.9B	—	-6.3%
Op. Income	$238M	—	$229M	—	4.1%
Gross Margin	29.8%	—	26.8%	—	3.0pp
Net Margin	8.6%	—	6.9%	—	1.7pp
EPS (Diluted)	$5.73	—	$5.04	—	13.7%
Free Cash Flow	$305M	—	$2M	—	17906.5%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$532M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$294M
Other Expenses	$0
Operating Expenses	$294M
Cost & Expenses	$1.5B
OPERATING INCOME	$238M
Interest Income	$2M
Interest Expense	$16M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$226M
Income Tax Expense	$73M
Net Income from Continuing Ops	$154M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$154M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$151M
D&A	$45M
EBIT	$242M
EBITDA	$287M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$532M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$294M
Other Expenses	$0
Operating Expenses	$294M
Cost & Expenses	$1.5B
OPERATING INCOME	$238M
Interest Income	$2M
Interest Expense	$16M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$226M
Income Tax Expense	$73M
Net Income from Continuing Ops	$154M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$154M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$151M
D&A	$45M
EBIT	$242M
EBITDA	$287M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$154M
Depreciation & Amortization	$45M
Stock-Based Compensation	$7M
Deferred Income Tax	$7M
Other Non-Cash Items	-$74.0K
Change in Working Capital	$137M
OPERATING CASH FLOW	$350M
Capital Expenditure	-$44M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$534.0K
NET CASH FROM INVESTING	-$44M
Net Debt Issuance	-$186M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$15M
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$198M
FREE CASH FLOW	$305M
Net Change in Cash	$112M

Balance Sheet

Item	Amount
Cash & Equivalents	$181M
Short-Term Investments	$0
Net Receivables	$260M
Inventory	$211M
Other Current Assets	$42M
TOTAL CURRENT ASSETS	$715M
PP&E (Net)	$283M
Goodwill	$178M
Intangible Assets	$96M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$29M
TOTAL NON-CURRENT ASSETS	$587M
TOTAL ASSETS	$1.3B
Account Payables	$118M
Short-Term Debt	$12M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$257M
Long-Term Debt	$160M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$49M
Other Non-Current Liabilities	$28M
TOTAL NON-CURRENT LIABILITIES	$237M
TOTAL LIABILITIES	$494M
Common Stock	$28M
Additional Paid-In Capital	$0
Retained Earnings	$767M
Treasury Stock	-$26M
Accum. Other Comp. Income	$17M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$786M
Minority Interest	$22M
TOTAL EQUITY	$808M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$172M
Net Debt	-$8M