| Business Summary | | Valmont
Industries,
Inc.
is
engaged
in
the
Infrastructure
and
Irrigation
businesses.
In
the
Infrastructure
segment,
Valmont
is
a
manufacturer
and
supplier
of
engineered
metal
structures
to
the
lighting
and
traffic,
utility
and
wireless
communication
industries,
and
supplies
custom
coating
services.
The
Irrigation
segment
involves
the
development,
manufacture
and
distribution
of
mechanized
irrigation
equipment,
tubular
steel
products
and
related
products
for
both
the
United
States
and
international
markets.
The
Company
also
manufactures
and
distributes
machine
tool
accessories
and
industrial
fasteners.
Hot-rolled
steel
coil,
zinc
and
other
carbon
steel
products
are
the
primary
raw
materials
utilized
in
the
manufacture
of
finished
products
for
the
two
segments.
These
essential
items
are
purchased
from
steel
mills,
zinc
producers
and
steel
service
centers
and
are
readily
available.
The
Company
is
not
dependent
on
any
one
supplier
for
any
key
raw
material
commodity. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Valmont
Industries
manufactures
and
distributes
engineered
metal
structures,
agricultural
irrigation
equipment,
and
fabricated
products.
For
the
26
weeks
ended
6/30/01,
sales
increased
4%
to
$437.2
million.
Net
income
decreased
20%
to
$13.3
million.
Revenues
benefitted
from
a
strong
demand
for
Infrastructure
products
and
acquisitions.
Net
income
was
offset
by
under
absorbtion
of
fixed
costs
in
the
North
American
irrigation
plants. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Mogens Bay, 51 Chairman,
CEO | $1.4M | $5.5K | Terry McClain, 52 Sr.
VP, CFO | 477K | -- | Vincent Corso, 52 Sr.
VP and COO | 586K | -- | E. Robert Meaney, 52 Sr.
VP - International | 404K | 68.0K | Brian Stanley, 57 VP
of Investor Relations and Controller | -- | -- | Dollar
amounts are as of 25-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|