Driving Growth and Transformation in Agriculture Technology
Reconciliation of Non-GAAP Financial Measures to
Reported Financial Measures
C+
Operating Income Reconciliation
Operating income - as reported
Impairment of long-lived assets
Prospera intangible asset amortization
Infrastructure
Agriculture
Fifty-two weeks ended December 25, 2021
Other
Corporate
Valmont
$
273,598
$
137,027
(40,192)
27,911
$
(83,648)
$
286,785
27,911
3,396
3,396
Stock-based compensation - Prospera
Write-off of a receivable, pre-tax
5,240
5,240
5,545
5,545
Acquisition diligence expense, pre-tax
1,120
1,120
Severance expense, pre-tax
Adjusted Operating Income
Net Sales as reported
$
500
274,098
2,361,524
$
910
146,573
1,017,050
2,642
4,052
$
(4,094) $
123,001
(82,528)
NM
$
334,049
3,501,575
Operating Income as a % of Net Sales
Adjusted Operating Income as a % of Net Sales
11.6 %
11.6 %
13.5 %
14.4 %
(32.7) %
(3.3)%
NM
8.2 %
NM
9.5 %
CONSERVING RESOURCES. IMPROVING LIFE. Valmont
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