Exhibit 99.1




February 17, 2011                                          



Valmont Announces Record Fourth Quarter, and
Fiscal Year 2010 Results
 
Highlights:
 
 
·  
Fourth quarter revenue increased 50%, including $143.3 million related to Delta. There was a 14% increase in quarterly revenue excluding the contribution of Delta.
 
 
·  
Fourth quarter operating profit rose 31%, including $11.0 million related to Delta. Excluding Delta, operating profit rose 8%.
 
 
·  
Fourth quarter Irrigation Segment sales improved 62%, operating income increased 150%.
 
 
·  
Fiscal year 2010 net earnings declined 37%, excluding the after-tax costs associated with the Delta acquisition, the decline was 27%.
 
 
Omaha, NE - Valmont Industries, Inc. (NYSE: VMI), a leading global manufacturer of engineered products for infrastructure, mechanized irrigation equipment for agriculture, and a provider of coating services, reported sales for the fourth quarter of $598.7 million compared with $398.6 million for the same period of 2009. Fourth quarter 2010 net earnings were $34.9 million, or $1.32 per diluted share, versus fourth quarter 2009 net earnings of $30.0 million, or $1.14 per diluted share.
 
 
For fiscal 2010, sales were $1.976 billion versus $1.787 billion in 2009. Valmont’s fiscal year net earnings were $94.4 million, or $3.57 per diluted share including the expenses and financing associated with the purchase of Delta plc on May 12, 2010, compared with 2009 fiscal year earnings of $150.6 million, or $5.73 per diluted share.
 
 
In the fourth quarter of 2010, Valmont reorganized its segment reporting as a result of the acquisition of Delta plc, on May 12, 2010. The main business units of Delta are organized as follows: Engineered Infrastructure Products Segment includes Delta’s lighting, communication, access systems and roadway safety products. The Coatings Segment includes Delta’s galvanizing operations; Delta’s forged steel grinding media and electrolytic manganese dioxide operations are included in “Other.”
 
-more-

 
 

The following information was filed by Valmont Industries Inc (VMI) on Friday, February 18, 2011 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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