News Release
For Immediate Release
Contact:  Jeff Laudin
February 14, 2012
Phone:  402-963-1158
Fax:  402-963-1198

Valmont Announces Fourth Quarter, and
Fiscal Year 2011 Results
Fourth quarter Irrigation Segment sales improved 34%, operating income increased 40%.
Fourth quarter Utility Support Structures Segment sales rose 63%, operating income doubled.
The Company indicated on December 20, 2011, that there would be a one-time positive impact to fourth quarter earnings from the reorganization of the Company’s legal structure. This and other non-recurring tax benefits amounted to $66.2 million or $2.50 per share.
Excluding the tax and other one-time items impacting the fourth quarter mentioned above, earnings per diluted share were $1.83 for the quarter.
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 $752.7 million compared with $598.7 million for the same period of 2010. Fourth quarter 2011 operating income was $77.4 million versus $62.3 million in 2010. Fourth quarter 2011 net earnings were $114.7 million, or $4.33 per diluted share, versus fourth quarter 2010 net earnings of $34.9 million, or $1.32 per diluted share.
For fiscal 2011, sales were $2.661 billion versus $1.976 billion in 2010. Operating income for fiscal 2011 was $263.3 million versus $178.4 million in 2010. Valmont’s fiscal year net earnings were $228.3 million, or $8.60 per diluted share compared with 2010 fiscal year earnings of $94.4 million, or $3.57 per diluted share, which included the expenses and financing associated with the purchase of Delta plc on May 12, 2010.


The following information was filed by Valmont Industries Inc (VMI) on Wednesday, February 15, 2012 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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