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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Net sales $ 977,828 $ 1,062,481
Total cost of sales 671,612 753,896
Gross profit 306,216 308,585 CloseClose
Selling, general, and administrative expenses 174,663 190,119 CloseCloseCloseClose
Total Operating Expenses 174663.0 190119.0 0.0 0.0 0 Close
Total Operating Expenses 174663.0 190119.0 0 0 0 Close Close
Operating income 131,553 118,466 CloseClose
Other income (expenses):     Close
Interest expense (16,221) (13,105) Close
Interest income 1,779 830 Close
Gain on deferred compensation investments 1,431 1,194 Close
Total Other Income Expenses 118437.0 105009.0 0.0 0 0 Close
Other (105) (2,376) CloseCloseClose
Total other income (expenses) (13,116) (13,457) CloseClose
Earnings before income taxes and equity in loss of nonconsolidated subsidiaries 118,437 105,009 CloseClose
Income tax expense:     Close
Current 19,644 24,356
Deferred 10,344 7,487
Total income tax expense 29,988 31,843
Earnings before equity in loss of nonconsolidated subsidiaries 88,449 73,166 Close
Equity in loss of nonconsolidated subsidiaries (20) (821) CloseClose
Net earnings 88,429 72,345 Close
Loss (earnings) attributable to redeemable noncontrolling interests (607) 2,195
Net earnings attributable to Valmont Industries, Inc. $ 87,822 $ 74,540
Net earnings attributable to Valmont Industries, Inc. per share:    
Basic $ 4.35 $ 3.50
Diluted $ 4.32 $ 3.47
Product sales    
Net sales $ 874,678 $ 958,008
Total cost of sales 605,215 681,790
Service sales    
Net sales 103,150 104,473
Total cost of sales $ 66,397 $ 72,106