$VMI
VALMONT INDUSTRIES INC

2024 Q2 Form 10-Q Financial Statement

#000010272924000025 Filed on May 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $1.040B $977.8M
YoY Change -2.14%
Cost Of Revenue $719.5M $671.6M
YoY Change -4.57%
Gross Profit $320.3M $306.2M
YoY Change 3.79%
Gross Profit Margin 30.8% 31.32%
Selling, General & Admin $173.0M $174.7M
YoY Change -9.02%
% of Gross Profit 54.01% 57.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.99M $23.54M
YoY Change -6.38%
% of Gross Profit 7.18% 7.69%
Operating Expenses $173.0M $174.7M
YoY Change -9.02%
Operating Profit $147.3M $131.6M
YoY Change 24.35%
Interest Expense -$13.82M -$13.01M
YoY Change 24.74%
% of Operating Profit -9.38% -9.89%
Other Income/Expense, Net -$1.250M -$105.0K
YoY Change -47.39%
Pretax Income $132.2M $118.4M
YoY Change 25.93%
Income Tax $31.07M $29.99M
% Of Pretax Income 23.49% 25.32%
Net Earnings $99.72M $87.82M
YoY Change 33.78%
Net Earnings / Revenue 9.59% 8.98%
Basic Earnings Per Share $4.94 $4.35
Diluted Earnings Per Share $4.91 $4.32
COMMON SHARES
Basic Shares Outstanding 20.19M 20.22M
Diluted Shares Outstanding 20.29M 20.32M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $163.1M $169.2M
YoY Change -5.67%
Cash & Equivalents $163.1M $169.2M
Short-Term Investments
Other Short-Term Assets $92.56M $91.11M
YoY Change -13.79%
Inventory $633.2M $668.7M
Prepaid Expenses
Receivables $895.1M $850.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.784B $1.780B
YoY Change -1.73%
LONG-TERM ASSETS
Property, Plant & Equipment $604.3M $608.4M
YoY Change 0.91%
Goodwill $630.2M $629.9M
YoY Change -15.03%
Intangibles $142.5M $145.8M
YoY Change -17.28%
Long-Term Investments
YoY Change
Other Assets $1.069B $1.077B
YoY Change -10.19%
Total Long-Term Assets $1.673B $1.686B
YoY Change -6.47%
TOTAL ASSETS
Total Short-Term Assets $1.784B $1.780B
Total Long-Term Assets $1.673B $1.686B
Total Assets $3.457B $3.465B
YoY Change -4.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $353.7M $327.4M
YoY Change -4.03%
Accrued Expenses $247.5M $238.3M
YoY Change 17.25%
Deferred Revenue $68.81M $84.04M
YoY Change -55.98%
Short-Term Debt $1.876M $2.029M
YoY Change -83.6%
Long-Term Debt Due $569.0K $620.0K
YoY Change -51.16%
Total Short-Term Liabilities $705.0M $674.8M
YoY Change -9.77%
LONG-TERM LIABILITIES
Long-Term Debt $1.018B $1.108B
YoY Change 3.24%
Other Long-Term Liabilities $216.9M $228.6M
YoY Change -9.29%
Total Long-Term Liabilities $1.234B $1.336B
YoY Change 0.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $705.0M $674.8M
Total Long-Term Liabilities $1.234B $1.336B
Total Liabilities $1.986B $2.056B
YoY Change -1.02%
SHAREHOLDERS EQUITY
Retained Earnings $2.807B $2.719B
YoY Change 6.5%
Common Stock $27.90M $27.90M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.471B $1.409B
YoY Change
Total Liabilities & Shareholders Equity $3.457B $3.465B
YoY Change -4.09%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $99.72M $87.82M
YoY Change 33.78%
Depreciation, Depletion And Amortization $22.99M $23.54M
YoY Change -6.38%
Cash From Operating Activities $130.8M $23.33M
YoY Change 517.06%
INVESTING ACTIVITIES
Capital Expenditures $18.32M $15.01M
YoY Change -18.08%
Acquisitions
YoY Change
Other Investing Activities $453.0K -$3.629M
YoY Change -20.8%
Cash From Investing Activities -$17.87M -$18.64M
YoY Change -18.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $175.0K
YoY Change
Cash From Financing Activities -116.0M -34.83M
YoY Change 792.01%
NET CHANGE
Cash From Operating Activities 130.8M 23.33M
Cash From Investing Activities -17.87M -18.64M
Cash From Financing Activities -116.0M -34.83M
Net Change In Cash -3.095M -30.14M
YoY Change -77.24%
FREE CASH FLOW
Cash From Operating Activities $130.8M $23.33M
Capital Expenditures $18.32M $15.01M
Free Cash Flow $112.5M $8.322M
YoY Change -9780.98%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000102729
CY2024Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-28
CY2024Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2024Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2024Q1 dei Amendment Flag
AmendmentFlag
false
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
0
CY2024Q1 dei Document Type
DocumentType
10-Q
CY2024Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2024Q1 dei Document Period End Date
DocumentPeriodEndDate
2024-03-30
CY2024Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2024Q1 dei Entity File Number
EntityFileNumber
1-31429
CY2024Q1 dei Entity Registrant Name
EntityRegistrantName
Valmont Industries, Inc.
CY2024Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2024Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
47-0351813
CY2024Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
15000 Valmont Plaza,
CY2024Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Omaha,
CY2024Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
NE
CY2024Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
68154
CY2024Q1 dei City Area Code
CityAreaCode
402
CY2024Q1 dei Local Phone Number
LocalPhoneNumber
963-1000
CY2024Q1 dei Security12b Title
Security12bTitle
Common Stock, $1.00 par value
CY2024Q1 dei Trading Symbol
TradingSymbol
VMI
CY2024Q1 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2024Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2024Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2024Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2024Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2024Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2024Q1 dei Entity Shell Company
EntityShellCompany
false
CY2024Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
20191600
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
977828000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1062481000
CY2024Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
671612000
CY2023Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
753896000
CY2024Q1 us-gaap Gross Profit
GrossProfit
306216000
CY2023Q2 us-gaap Gross Profit
GrossProfit
308585000
CY2024Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
174663000
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
190119000
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
131553000
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
118466000
CY2024Q1 us-gaap Interest Expense
InterestExpense
16221000
CY2023Q2 us-gaap Interest Expense
InterestExpense
13105000
CY2024Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1779000
CY2023Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
830000
CY2024Q1 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
1431000
CY2023Q2 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
1194000
CY2024Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-105000
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2376000
CY2024Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-13116000
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-13457000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
118437000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
105009000
CY2024Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
19644000
CY2023Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
24356000
CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
10344000
CY2023Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7487000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29988000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31843000
CY2024Q1 vmi Income Loss From Continuing Operations Before Equity Method Investments And Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeEquityMethodInvestmentsAndNoncontrollingInterest
88449000
CY2023Q2 vmi Income Loss From Continuing Operations Before Equity Method Investments And Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeEquityMethodInvestmentsAndNoncontrollingInterest
73166000
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-20000
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-821000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
88429000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
72345000
CY2024Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
607000
CY2023Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-2195000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
87822000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
74540000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.35
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.50
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.32
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.47
CY2024Q1 us-gaap Profit Loss
ProfitLoss
88429000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
72345000
CY2024Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-21418000
CY2023Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
8189000
CY2024Q1 vmi Other Comprehensive Income Loss Net Investment Hedge Gain Loss Reclassificationafter Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossReclassificationafterTax
561000
CY2023Q2 vmi Other Comprehensive Income Loss Net Investment Hedge Gain Loss Reclassificationafter Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossReclassificationafterTax
1476000
CY2024Q1 vmi Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Reclassificationand Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationandTax
-717000
CY2023Q2 vmi Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Reclassificationand Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationandTax
2872000
CY2024Q1 us-gaap Foreign Currency Cash Flow Hedge Gain Loss Reclassified To Earnings Net
ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet
195000
CY2023Q2 us-gaap Foreign Currency Cash Flow Hedge Gain Loss Reclassified To Earnings Net
ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet
-591000
CY2024Q1 vmi Other Comprehensive Income Loss Amortization Cost Benefit Included In Interest Expense
OtherComprehensiveIncomeLossAmortizationCostBenefitIncludedInInterestExpense
12000
CY2023Q2 vmi Other Comprehensive Income Loss Amortization Cost Benefit Included In Interest Expense
OtherComprehensiveIncomeLossAmortizationCostBenefitIncludedInInterestExpense
16000
CY2024Q1 vmi Other Comprehensive Income Loss Hedging Activities Gainlossafter Reclassificationand Tax
OtherComprehensiveIncomeLossHedgingActivitiesGainlossafterReclassificationandTax
-1095000
CY2023Q2 vmi Other Comprehensive Income Loss Hedging Activities Gainlossafter Reclassificationand Tax
OtherComprehensiveIncomeLossHedgingActivitiesGainlossafterReclassificationandTax
789000
CY2024Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-381000
CY2023Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-91000
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-22132000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9069000
CY2024Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
66297000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
81414000
CY2024Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
450000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-1902000
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
65847000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
83316000
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
169195000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
203041000
CY2024Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
659036000
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
657960000
CY2024Q1 us-gaap Inventory Net
InventoryNet
668743000
CY2023Q4 us-gaap Inventory Net
InventoryNet
658428000
CY2024Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
191483000
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
175721000
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
91114000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
92479000
CY2024Q1 us-gaap Assets Current
AssetsCurrent
1779571000
CY2023Q4 us-gaap Assets Current
AssetsCurrent
1787629000
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1517281000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1513239000
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
908878000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
895845000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
608403000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
617394000
CY2024Q1 us-gaap Goodwill
Goodwill
629888000
CY2023Q4 us-gaap Goodwill
Goodwill
632964000
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
145839000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
150687000
CY2024Q1 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
33433000
CY2023Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
15404000
CY2024Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
268247000
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
273370000
CY2024Q1 us-gaap Assets
Assets
3465381000
CY2023Q4 us-gaap Assets
Assets
3477448000
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
620000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
719000
CY2024Q1 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
2029000
CY2023Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
3205000
CY2024Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
327414000
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
358311000
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
89100000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
130861000
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
84041000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
70978000
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
149222000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
146903000
CY2024Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
10295000
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
0
CY2024Q1 us-gaap Dividends Payable Current
DividendsPayableCurrent
12113000
CY2023Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
12125000
CY2024Q1 us-gaap Liabilities Current
LiabilitiesCurrent
674834000
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
723102000
CY2024Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
26508000
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
21205000
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1107644000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1107885000
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
157279000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
162743000
CY2024Q1 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
33148000
CY2023Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
32623000
CY2024Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11697000
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
12818000
CY2024Q1 us-gaap Liabilities
Liabilities
2011110000
CY2023Q4 us-gaap Liabilities
Liabilities
2060376000
CY2024Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
44980000
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
62792000
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
27900000
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
27900000
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
27900000
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
27900000
CY2024Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5668000
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
0
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2719315000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2643606000
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-295211000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-273236000
CY2024Q1 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
1048381000
CY2023Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
1043990000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
1409291000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
1354280000
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3465381000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3477448000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
88429000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
72345000
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23536000
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
24558000
CY2024Q1 us-gaap Pension Contributions
PensionContributions
16714000
CY2023Q2 us-gaap Pension Contributions
PensionContributions
15259000
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
7183000
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
8689000
CY2024Q1 us-gaap Pension Expense Reversal Of Expense Noncash
PensionExpenseReversalOfExpenseNoncash
158000
CY2023Q2 us-gaap Pension Expense Reversal Of Expense Noncash
PensionExpenseReversalOfExpenseNoncash
61000
CY2024Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-31000
CY2023Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-51000
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-20000
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-821000
CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
10344000
CY2023Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7487000
CY2024Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
8699000
CY2023Q2 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
42175000
CY2024Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
16972000
CY2023Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-9052000
CY2024Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
15836000
CY2023Q2 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-14695000
CY2024Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
3595000
CY2023Q2 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
25153000
CY2024Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-27561000
CY2023Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4127000
CY2024Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
13773000
CY2023Q2 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-22559000
CY2024Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-38465000
CY2023Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-36551000
CY2024Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
8431000
CY2023Q2 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
15358000
CY2024Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-731000
CY2023Q2 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
5652000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
23332000
CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21199000
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15010000
CY2023Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22361000
CY2024Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
140000
CY2023Q2 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
1021000
CY2024Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3769000
CY2023Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
449000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18639000
CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-21789000
CY2024Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
4015000
CY2023Q2 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
11090000
CY2024Q1 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
5151000
CY2023Q2 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
5788000
CY2024Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
10000
CY2023Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
125000000
CY2024Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
175000
CY2023Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10796000
CY2024Q1 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
-2711000
CY2023Q2 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
0
CY2024Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
12126000
CY2023Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
11742000
CY2024Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
664000
CY2023Q2 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
654000
CY2024Q1 vmi Payments To Acquire Additional Interest In Subsidiaries Financing Activities
PaymentsToAcquireAdditionalInterestInSubsidiariesFinancingActivities
17745000
CY2023Q2 vmi Payments To Acquire Additional Interest In Subsidiaries Financing Activities
PaymentsToAcquireAdditionalInterestInSubsidiariesFinancingActivities
0
CY2023Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
111115000
CY2024Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
1959000
CY2023Q2 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
5018000
CY2024Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7668000
CY2023Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14022000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-34834000
CY2023Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13009000
CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3705000
CY2023Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1141000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-33846000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12458000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
203041000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
185406000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
169195000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
172948000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
1354280000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
87822000
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-21975000
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.60
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
12113000
CY2024Q1 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
147000
CY2024Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
96224
CY2024Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
50000
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1474000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
1409291000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1580847000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
74540000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
8776000
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.60
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
12634000
CY2023Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
356887
CY2023Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
111115000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
-315000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
1540099000
CY2024Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
236434000
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
217134000
CY2024Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
41214000
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
37826000
CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
391095000
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
403468000
CY2024Q1 us-gaap Inventory Gross
InventoryGross
668743000
CY2023Q4 us-gaap Inventory Gross
InventoryGross
658428000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
86212000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
31858000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
32225000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
73151000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
118437000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
105009000
CY2024Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
5242000
CY2023Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
5256000
CY2024Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
5592000
CY2023Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
5317000
CY2024Q1 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
127000
CY2023Q2 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
122000
CY2024Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-381000
CY2024Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
158000
CY2023Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
61000
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7183000
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8689000
CY2024Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1796000
CY2023Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2172000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
70978000
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
34279000
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
58939000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-257951000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-236690000
CY2024Q1 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
19894000
CY2023Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
20989000
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
57154000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
57535000
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-295211000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-273236000
CY2024Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
191483000
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
175721000
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
84041000
CY2024Q1 vmi Supplier Finance Program Confirmed Obligations Outstanding
SupplierFinanceProgramConfirmedObligationsOutstanding
37227000
CY2023Q4 vmi Supplier Finance Program Confirmed Obligations Outstanding
SupplierFinanceProgramConfirmedObligationsOutstanding
41916000
CY2024Q1 vmi Minority Interest Policy Textblock
MinorityInterestPolicyTextblock
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:0.0pt;margin:0pt;"><span style="font-size:0pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:middle;white-space:nowrap;width:74.45%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;white-space:nowrap;width:4.46%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;white-space:nowrap;width:2.71%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;white-space:nowrap;width:18.36%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:middle;white-space:nowrap;width:74.45%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 6pt;">Confirmed obligations outstanding as of December 30, 2023</p></td><td style="vertical-align:middle;white-space:nowrap;width:4.46%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.71%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:middle;white-space:nowrap;width:18.36%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 41,916</p></td></tr><tr><td style="vertical-align:middle;white-space:nowrap;width:74.45%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 6pt;">Invoices confirmed during the period</p></td><td style="vertical-align:middle;white-space:nowrap;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.71%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:18.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 55,255</p></td></tr><tr><td style="vertical-align:middle;white-space:nowrap;width:74.45%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 6pt;">Confirmed invoices paid during the period</p></td><td style="vertical-align:middle;white-space:nowrap;width:4.46%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.71%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:middle;white-space:nowrap;width:18.36%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 0pt 0.05pt 0pt;"> (59,944)</p></td></tr><tr><td style="vertical-align:middle;white-space:nowrap;width:74.45%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 6pt;">Confirmed obligations outstanding as of March 30, 2024</p></td><td style="vertical-align:middle;white-space:nowrap;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.71%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:middle;white-space:nowrap;width:18.36%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 37,227</p></td></tr></table>
CY2023Q4 vmi Supplier Finance Program Confirmed Obligations Outstanding
SupplierFinanceProgramConfirmedObligationsOutstanding
41916000
CY2024Q1 vmi Supplier Finance Program Confirmed Obligations Invoices Confirmed
SupplierFinanceProgramConfirmedObligationsInvoicesConfirmed
55255000
CY2024Q1 vmi Supplier Finance Program Confirmed Obligations Confirmed Invoices Paid
SupplierFinanceProgramConfirmedObligationsConfirmedInvoicesPaid
59944000
CY2024Q1 vmi Supplier Finance Program Confirmed Obligations Outstanding
SupplierFinanceProgramConfirmedObligationsOutstanding
37227000
CY2024Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
44980000
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
62792000
CY2014Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000
CY2014Q2 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P12M
CY2018Q4 vmi Stock Repurchase Program Additional Shares Authorized To Be Repurchased Amount
StockRepurchaseProgramAdditionalSharesAuthorizedToBeRepurchasedAmount
250000000
CY2023Q1 vmi Stock Repurchase Program Additional Shares Authorized To Be Repurchased Amount
StockRepurchaseProgramAdditionalSharesAuthorizedToBeRepurchasedAmount
400000000
CY2023Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1400000000
CY2014Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
7991948
CY2014Q2 us-gaap Treasury Stock Carrying Basis
TreasuryStockCarryingBasis
1263892000
CY2023 us-gaap Restructuring Charges
RestructuringCharges
35210000
CY2023Q4 us-gaap Goodwill Gross
GoodwillGross
802346000
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
169382000
CY2023Q4 us-gaap Goodwill
Goodwill
632964000
CY2024Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
735000
CY2024Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-3811000
CY2024Q1 us-gaap Goodwill
Goodwill
629888000
CY2024Q1 us-gaap Goodwill Gross
GoodwillGross
799270000
CY2024Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
169382000
CY2024Q1 us-gaap Goodwill
Goodwill
629888000
CY2024Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
357410000
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
211571000
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
359570000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
208883000
CY2024Q1 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P4Y
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P4Y
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3715000
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5190000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
10169000
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
6239000
CY2023Q2 us-gaap Interest Paid Net
InterestPaidNet
3331000
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9575000
CY2023Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7838000
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
87822000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
74540000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20188000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21269000
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
133000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
243000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20321000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21512000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.35
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.50
CY2024Q1 vmi Earnings Per Share Dilutive Securities Stock Options Per Share
EarningsPerShareDilutiveSecuritiesStockOptionsPerShare
-0.03
CY2023Q2 vmi Earnings Per Share Dilutive Securities Stock Options Per Share
EarningsPerShareDilutiveSecuritiesStockOptionsPerShare
-0.03
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.32
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.47
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
73003
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
40564
CY2024Q1 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-1507000
CY2023Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
2860000
CY2024Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1320000
CY2023Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-3458000
CY2024Q1 us-gaap Proceeds From Hedge Investing Activities
ProceedsFromHedgeInvestingActivities
2711000
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
977828000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1062481000
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
131553000
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
118466000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
977828000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
977828000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1062481000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1062481000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
977828000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1062481000

Files In Submission

Name View Source Status
0000102729-24-000025-index-headers.html Edgar Link pending
0000102729-24-000025-index.html Edgar Link pending
0000102729-24-000025.txt Edgar Link pending
0000102729-24-000025-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
vmi-20240330.xsd Edgar Link pending
vmi-20240330x10q.htm Edgar Link pending
vmi-20240330xex31d1.htm Edgar Link pending
vmi-20240330xex31d2.htm Edgar Link pending
vmi-20240330xex32d1.htm Edgar Link pending
vmi-20240330x10q_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable
vmi-20240330_cal.xml Edgar Link unprocessable
vmi-20240330_def.xml Edgar Link unprocessable
vmi-20240330_lab.xml Edgar Link unprocessable
vmi-20240330_pre.xml Edgar Link unprocessable