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Valmont Industries VMI Cumulative Gross Losses and Impairments

Discontinued — last reported Q2 '22

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Segments

By segment

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Agriculture$120M0.0%
Infrastructure$114.25M0.0%

Other financials

Income statement

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Revenue$1.1B+6.5%
Gross profit$340.8M+6.1%
Operating income$166.1M+467%
Net income$119.9M+3,083%
EPS (diluted)$6.14+501%

Balance sheet

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Cash & equivalents$139.1M-33.3%
Total debt$871.7M+1.2%
Total equity$1.7B+12.9%
Total assets$3.5B+3.6%

Cash flow

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Operating cash flow$148.1M-11.6%
CapEx$35.9M+12.3%
Free cash flow$112.2M-17.3%

Valuation

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Market cap$9.58B+31.8%
Enterprise value$10.32B+30.2%
P/E19.4×-10.4×
P/S2.3×+0.5×

Profitability

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Gross margin30.4%+0.3pp
Operating margin13.7%+3.8pp
Net margin11.7%+5.7pp
FCF margin7.6%-5.7pp

Returns & leverage

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Return on equity30.4%+14.1pp
Debt / equity0.5×-0.1×
Current ratio2.4×+0.2×

Where this comes from

Reported directly by Valmont Industries in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

The source filing: Valmont Industries’s 10-Q, filed July 27, 2022.

Filed
Jul 27, 2022, 2:32 PM EDT
Fiscal quarter
Q2 FY2022
Calendar quarter
Q2 2022
Accession
0000102729-22-000056
Line itemInfrastructure SegmentAgriculture SegmentTotal
Gross Balance December 25, 2021$456,876$313,512$770,388
Accumulated impairment losses(61,822)(61,822)
Balance at December 25, 2021395,054313,512708,566
Acquisitions42,64042,640
Foreign currency translation(9,759)296(9,463)
Balance at June 25, 2022$427,935$313,808$741,743

Item 1. Financial Statements

FAQ

What is Valmont Industries's cumulative gross losses and impairments?
Valmont Industries (VMI) reported cumulative gross losses and impairments of $61.82M in Q2 2022.
What does cumulative gross losses and impairments mean?
This metric aggregates all unrealized losses and recognized impairment charges on investment securities that have not yet been realized through a sale. It provides a comprehensive view of the negative valuation adjustments impacting the bank's equity. It is a key indicator of the credit and market risk embedded in the bank's long-term holdings.

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