# Valmont Industries, Inc. (VMI) FY2026 YTD Q2 P&L / Income Statement - Company: Valmont Industries, Inc. (VMI) - Period: 2025-12-28 to 2026-06-27 - Filing: Q2 FY2026 10-Q, filed 2026-07-28, accession number 0000102729-26-000044 - Page: https://plicit.ai/financials/vmi/fy2026-ytd-q2-income-statement - Chart image: https://plicit.ai/charts/vmi-fy2026-ytd-q2-income-statement-sankey.png ## Chart details: Revenue by Product and Service (6 categories) Income statement for 2025-12-28 through 2026-06-27. View: Product and service (6 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 2,147,886,000 US dollars - **Total cost of sales**: 1,490,191,000 US dollars - **Gross profit**: 657,695,000 US dollars - **Operating expenses (calculated)**: 335,958,000 US dollars - **Operating income**: 321,737,000 US dollars - **Total other expenses**: negative 14,123,000 US dollars - **Earnings before income taxes and equity method investment loss**: 307,614,000 US dollars - **Total income tax expense**: 79,104,000 US dollars - **Net earnings (loss)**: 228,246,000 US dollars - **North America Utility**: 880,922,000 US dollars - **North America Lighting and Transportation**: 249,154,000 US dollars - **North America Coatings**: 127,207,000 US dollars - **North America Telecommunications**: 118,489,000 US dollars - **International Infrastructure and Solar**: 304,126,000 US dollars - **Agriculture**: 467,988,000 US dollars - **Selling, general, and administrative expenses**: 335,958,000 US dollars - **Equity method investment loss**: negative 264,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to Valmont Industries, Inc.: $227.95 M; to noncontrolling interests: $295.00 K. ## Chart details: Revenue by Business Segment (2 categories) - Page: https://plicit.ai/financials/vmi/fy2026-ytd-q2-income-statement/revenue-by-business-segment-2-categories - Chart image: https://plicit.ai/charts/vmi-fy2026-ytd-q2-revenue-by-business-segment-2-categories-sankey.png Income statement for 2025-12-28 through 2026-06-27. View: Business segment (2 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 2,147,886,000 US dollars - **Total cost of sales**: 1,490,191,000 US dollars - **Gross profit**: 657,695,000 US dollars - **Operating expenses (calculated)**: 335,958,000 US dollars - **Operating income**: 321,737,000 US dollars - **Total other expenses**: negative 14,123,000 US dollars - **Earnings before income taxes and equity method investment loss**: 307,614,000 US dollars - **Total income tax expense**: 79,104,000 US dollars - **Net earnings (loss)**: 228,246,000 US dollars - **Infrastructure**: 1,679,898,000 US dollars - **Agriculture**: 467,988,000 US dollars - **Selling, general, and administrative expenses**: 335,958,000 US dollars - **Equity method investment loss**: negative 264,000 US dollars. Reported below-tax contribution to net income. - **Infrastructure costs (calculated)**: 1,387,463,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Agriculture costs (calculated)**: 397,309,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Reconciling items (calculated)**: 41,377,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to Valmont Industries, Inc.: $227.95 M; to noncontrolling interests: $295.00 K. ## Chart details: Revenue by Business Segment (4 categories) - Page: https://plicit.ai/financials/vmi/fy2026-ytd-q2-income-statement/revenue-by-business-segment-4-categories - Chart image: https://plicit.ai/charts/vmi-fy2026-ytd-q2-revenue-by-business-segment-4-categories-sankey.png Income statement for 2025-12-28 through 2026-06-27. View: Business segment (4 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 2,147,886,000 US dollars - **Total cost of sales**: 1,490,191,000 US dollars - **Gross profit**: 657,695,000 US dollars - **Operating expenses (calculated)**: 335,958,000 US dollars - **Operating income**: 321,737,000 US dollars - **Total other expenses**: negative 14,123,000 US dollars - **Earnings before income taxes and equity method investment loss**: 307,614,000 US dollars - **Total income tax expense**: 79,104,000 US dollars - **Net earnings (loss)**: 228,246,000 US dollars - **Infrastructure**: 1,684,862,000 US dollars - **Agriculture**: 470,695,000 US dollars - **Selling, general, and administrative expenses**: 335,958,000 US dollars - **Revenue before reconciliation (calculated)**: 2,155,557,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Infrastructure**: negative 4,964,000 US dollars. Reported reconciliation to consolidated revenue. - **Agriculture**: negative 2,707,000 US dollars. Reported reconciliation to consolidated revenue. - **Equity method investment loss**: negative 264,000 US dollars. Reported below-tax contribution to net income. - **Infrastructure costs (calculated)**: 1,387,463,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Agriculture costs (calculated)**: 397,309,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Reconciling items (calculated)**: 41,377,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue. - Of which attributable to Valmont Industries, Inc.: $227.95 M; to noncontrolling interests: $295.00 K. ## Chart details: Revenue by Timing of Transfer - Page: https://plicit.ai/financials/vmi/fy2026-ytd-q2-income-statement/revenue-by-timing-of-transfer - Chart image: https://plicit.ai/charts/vmi-fy2026-ytd-q2-revenue-by-timing-of-transfer-sankey.png Income statement for 2025-12-28 through 2026-06-27. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 2,147,886,000 US dollars - **Total cost of sales**: 1,490,191,000 US dollars - **Gross profit**: 657,695,000 US dollars - **Operating expenses (calculated)**: 335,958,000 US dollars - **Operating income**: 321,737,000 US dollars - **Total other expenses**: negative 14,123,000 US dollars - **Earnings before income taxes and equity method investment loss**: 307,614,000 US dollars - **Total income tax expense**: 79,104,000 US dollars - **Net earnings (loss)**: 228,246,000 US dollars - **Point in Time**: 1,254,827,000 US dollars - **Over Time**: 893,059,000 US dollars - **Selling, general, and administrative expenses**: 335,958,000 US dollars - **Equity method investment loss**: negative 264,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to Valmont Industries, Inc.: $227.95 M; to noncontrolling interests: $295.00 K. ## Chart details: Revenue by Business Segment by Timing of Transfer - Page: https://plicit.ai/financials/vmi/fy2026-ytd-q2-income-statement/revenue-by-business-segment-by-timing-of-transfer - Chart image: https://plicit.ai/charts/vmi-fy2026-ytd-q2-revenue-by-business-segment-by-timing-of-transfer-sankey.png Income statement for 2025-12-28 through 2026-06-27. View: Segments by Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 2,147,886,000 US dollars - **Total cost of sales**: 1,490,191,000 US dollars - **Gross profit**: 657,695,000 US dollars - **Operating expenses (calculated)**: 335,958,000 US dollars - **Operating income**: 321,737,000 US dollars - **Total other expenses**: negative 14,123,000 US dollars - **Earnings before income taxes and equity method investment loss**: 307,614,000 US dollars - **Total income tax expense**: 79,104,000 US dollars - **Net earnings (loss)**: 228,246,000 US dollars - **Agriculture - Point in Time**: 450,693,000 US dollars - **Agriculture - Over Time**: 17,295,000 US dollars - **Infrastructure - Point in Time**: 804,134,000 US dollars - **Infrastructure - Over Time**: 875,764,000 US dollars - **Selling, general, and administrative expenses**: 335,958,000 US dollars - **Equity method investment loss**: negative 264,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to Valmont Industries, Inc.: $227.95 M; to noncontrolling interests: $295.00 K. ## Chart details: Revenue by Product and Service (2 categories) - Page: https://plicit.ai/financials/vmi/fy2026-ytd-q2-income-statement/revenue-by-product-and-service-2-categories - Chart image: https://plicit.ai/charts/vmi-fy2026-ytd-q2-revenue-by-product-and-service-2-categories-sankey.png Income statement for 2025-12-28 through 2026-06-27. View: Product and service (2 categories). Revenue and costs use their disclosed categories. - **Net sales**: 2,147,886,000 US dollars - **Total cost of sales**: 1,490,191,000 US dollars - **Gross profit**: 657,695,000 US dollars - **Operating expenses (calculated)**: 335,958,000 US dollars - **Operating income**: 321,737,000 US dollars - **Total other expenses**: negative 14,123,000 US dollars - **Earnings before income taxes and equity method investment loss**: 307,614,000 US dollars - **Total income tax expense**: 79,104,000 US dollars - **Net earnings (loss)**: 228,246,000 US dollars - **Product sales revenue**: 1,929,225,000 US dollars - **Service sales revenue**: 218,661,000 US dollars - **Product sales cost of revenue**: 1,381,656,000 US dollars - **Service sales cost of revenue**: 108,535,000 US dollars - **Selling, general, and administrative expenses**: 335,958,000 US dollars - **Equity method investment loss**: negative 264,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to Valmont Industries, Inc.: $227.95 M; to noncontrolling interests: $295.00 K. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/vmi/fy2026-ytd-q2-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/vmi-fy2026-ytd-q2-revenue-by-geography-sankey.png Income statement for 2025-12-28 through 2026-06-27. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 2,147,886,000 US dollars - **Total cost of sales**: 1,490,191,000 US dollars - **Gross profit**: 657,695,000 US dollars - **Operating expenses (calculated)**: 335,958,000 US dollars - **Operating income**: 321,737,000 US dollars - **Total other expenses**: negative 14,123,000 US dollars - **Earnings before income taxes and equity method investment loss**: 307,614,000 US dollars - **Total income tax expense**: 79,104,000 US dollars - **Net earnings (loss)**: 228,246,000 US dollars - **North America**: 1,652,421,000 US dollars - **International**: 495,465,000 US dollars - **Selling, general, and administrative expenses**: 335,958,000 US dollars - **Equity method investment loss**: negative 264,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to Valmont Industries, Inc.: $227.95 M; to noncontrolling interests: $295.00 K.