News Release
For Immediate Release
Contact:  Jeff Laudin
February 17, 2016
Phone:  402-963-1158
Fax:   402-963-1198
Valmont Reports Fourth Quarter Loss Due To Restructuring
Initiative and Other One-time Charges and
Reinstates Annual Guidance
Omaha, NE - Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure and mechanized irrigation equipment and services for agriculture, today reported fourth quarter and full year results.
4Q revenues of $633.8 million were down 17% year-over-year, 1/3 of the decline was foreign exchange impact
4Q operating loss was $17.0 million, including $3.7 million negative foreign exchange impact; excluding restructuring, impairment and other one-time charges (“charges”), operating income was $49.8 million, or 7.9% of net sales, compared with 8.7% in 2014
For the year, adjusted operating income as a percent of sales declined from 11.5% in 2014 to 9.1%.
4Q GAAP diluted loss per share was $1.34 compared with diluted earnings per share (EPS) of $1.66 in 2014; 2015 adjusted diluted EPS was $1.35 before charges
Full year EPS was $1.71 or $5.63 before charges, compared with $8.17 adjusted in 2014
Operating cash flows for the quarter and year totaled $89 million and $272 million, respectively; year-end cash balance was $349 million
Company reinstated annual guidance; expects 2016 diluted EPS up 12-15% from 2015 adjusted EPS of $5.63


The following information was filed by Valmont Industries Inc (VMI) on Thursday, February 18, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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