Driving Growth and Transformation in Agriculture Technology
Reconciliation of Non-GAAP Financial Measures to
Reported Financial Measures
C+
The non-GAAP tables below disclose the impact of goodwill, tradenames, and a facility, restructuring costs on segment operating income
and net earnings as well as the impact of the U.K. tax rate change on net earnings (adjusts statutory tax rate from 17% to 19%). Amounts
may be impacted by rounding. We believe it is useful when considering company performance for the non-GAAP adjusted net earnings
and operating income to be taken into consideration by management and investors with the related reported GAAP measures.
Fifty-two
weeks ended
December 26,
Diluted
earnings per
share
2020
Fifty-two
weeks ended
December 28,
2019
Diluted
earnings per
share
Net earnings attributable to Valmont Industries, Inc. - - as reported
Impairment of goodwill and trade name, pre-tax
S
140,693
S
6.57
S
146,408
S
6.73
16,638
0.78
Total Adjustments, pre-tax
Restructuring and related asset impairment costs, pre-tax
Change in U.K. statutory tax rate
Tax effect of adjustments²
25,871
1.21
42,509
1.98
(1,528)
(0.07)
(6,372)
(0.30)
Net earnings attributable to Valmont Industries, Inc. - Adjusted'
175,302
S
Average shares outstanding (000's) - Diluted
8.18
21,425
S
146,408 S
6.73
21,769
1 Earnings per share includes rounding
2 The tax effect of adjustments is calculated based on the income tax rate in each applicable jurisdiction
CONSERVING RESOURCES. IMPROVING LIFE. Valmont
105View entire presentation