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Valmont Industries VMI Consolidation Eliminations — Defined Benefit Pension Plan Liabilities Noncurrent

Discontinued — last reported Q1 '18

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Other financials

Income statement

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Revenue$1.0B+6.2%
Gross profit$316.9M+8.9%
Operating income$155.6M+21.3%
Net income$108.0M+23.8%
EPS (diluted)$5.51+27.5%

Balance sheet

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Cash & equivalents$160.2M-13.1%
Total debt$921.3M+6.9%
Total equity$1.7B+2.7%
Total assets$3.4B+1.8%

Cash flow

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Operating cash flow$103.5M+58.9%
CapEx$34.6M+14.0%
Free cash flow$68.9M+97.9%

Valuation

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Market cap$11.07B+36.4%
Enterprise value$11.83B+33.8%
P/E29.8×+6.5×
P/S2.7×+0.7×

Profitability

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Gross margin30.4%+0.2pp
Operating margin10.6%-2.2pp
Net margin8.9%+0.4pp
FCF margin8.3%-4.5pp

Returns & leverage

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Return on equity22.4%-0.5pp
Debt / equity0.5×0.0×
Current ratio2.4×+0.1×

Where this comes from

Reported directly by Valmont Industries in its filing.

Tagged under the XBRL concept us-gaap:DefinedBenefitPensionPlanLiabilitiesNoncurrent.

The official record: Valmont Industries’s 10-Q, filed April 27, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — defined benefit pension plan liabilities noncurrent mean?
The removal of internal pension liabilities to ensure only external obligations are reported on the consolidated balance sheet.
How do you interpret consolidation eliminations — defined benefit pension plan liabilities noncurrent?
Changes are generally accounting-driven and do not reflect changes in the underlying health of the pension plans.
How does consolidation eliminations — defined benefit pension plan liabilities noncurrent compare across companies?
Standard consolidation practice for companies with multiple legal entities maintaining separate pension records.