VALMONT INDUSTRIES INC

Fabricated Structural Metal Products·OMAHA, NE·FY end 12/26·CIK 102729

CEO Pay Ratio

9:1

Applbaum

CEO Total Comp

$7.8M

Applbaum

Median Employee

$63,697

Revenue

$4.1B

FY 2025

Net Income

$350.3M

FY 2025

Free Cash Flow

$311.4M

FY 2025

Net Margin

8.5%

Insider Net (180d)

-$18.1M

0 buys / 14 sales

CEO Pay Accountability

CEO comp as % of net income

2.22%

For every $1,000 of profit, $22.16 flows to the CEO.

CEO comp as % of buybacks

3.92%

CEO comp equals 39.2‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2019
Revenue	$4.1B	$4.1B	$4.2B	$4.3B	$3.5B
Gross Profit	$1.2B	$1.2B	$1.2B	$1.1B	$883.9M
Operating Income	$415.6M	$524.6M	$291.6M	$433.2M	$286.8M
Net Income	$350.3M	$348.3M	$150.8M	—	—
Operating CF	$456.5M	$572.7M	$306.8M	$326.3M	$65.9M
Capex	$145.0M	$79.5M	$96.8M	$93.3M	$107.8M
Free Cash Flow	$311.4M	$493.2M	$210.0M	$233.0M	-$41.9M
Buybacks	$198.1M	$70.1M	$345.3M	$40.5M	$26.1M
Dividends	$52.5M	$48.4M	$49.5M	$45.8M	$41.4M

Gross Margin	30.2%	30.5%	29.6%	25.9%	25.2%
Operating Margin	10.1%	12.9%	7.0%	10.0%	8.2%
Net Margin	8.5%	8.5%	3.6%	—	—
FCF Margin	7.6%	12.1%	5.0%	5.4%	-1.2%
R&D / Revenue	0.8%	1.4%	1.3%	1.1%	1.1%
Effective Tax	—	—	—	29.9%	23.6%
Debt / Equity	0.97	0.95	1.64	1.10	1.37
Buybacks / FCF	63.6%	14.2%	164.4%	17.4%	-62.4%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
ApplbaumCEO	—	—	—	—	—	$7.8M
Avner M. ApplbaumPresident and Chief Executive Officer	$1.1M	$1.4M	$1.1M	$4.1M	$7.8M	—
Christopher ColwellPresident Infrastructure – Utility, L&T, Coatings	$570.1K	$233.5K	$357.0K	$746.1K	$1.9M	—
Colwell	—	—	—	—	—	—
Darryl Matthews GroupPresident Agriculture	$543.4K	$218.8K	$359.4K	$715.3K	$1.8M	—
Donahue	—	—	—	—	—	—
Gregory TuriPresident Infrastructure – Telecommunications and International	$462.6K	$156.9K	$246.5K	$480.0K	$1.3M	—
J. Timothy DonahueFormer Group President Infrastructure	$642.7K	$425.2K	$359.8K	$2.5M	—	—
Liguori	—	—	—	—	—	—
Matthews	—	—	—	—	—	—
Thomas LiguoriExecutive Vice-President And Chief Financial Officer	$672.8K	$309.1K	$508.6K	$992.8K	$2.5M	—
Turi	—	—	—	—	—	—