UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
June 6, 2011
Date of report (Date of earliest event reported)
Valmont Industries, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
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1-31429 |
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47-0351813 |
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(Commission File Number) |
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(IRS Employer Identification No.) |
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One Valmont Plaza |
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Omaha, NE |
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68154 |
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(Address of Principal Executive Offices) |
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(Zip Code) |
(402) 963-1000
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
12.1 Statement regarding computation of Ratio of Earnings to Fixed Charges
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Valmont Industries, Inc. | ||
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Date: June 6, 2011 |
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By: |
/s/ Terry J. McClain | |
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Name: |
Terry J. McClain |
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Title: |
Senior Vice President and Chief Financial Officer |
Exhibit 12.1
Valmont Industries, Inc.
Computation of Ratios of Earnings to Fixed Charges
(dollars in thousands)
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Three months |
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Three months |
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Fiscal year |
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Fiscal year |
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Fiscal year |
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Fiscal year |
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Fiscal year |
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ended |
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ended |
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ended |
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ended |
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ended |
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ended |
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ended |
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March 26, |
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March 27, |
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December 25, |
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December 26, |
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December |
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December |
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December |
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2011 |
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2010 |
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2010 |
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2009 |
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27, 2008 |
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29, 2007 |
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30, 2006 |
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Fixed charges, as defined |
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Interest Expense |
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8,271 |
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5,962 |
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30,947 |
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15,760 |
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18,267 |
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17,726 |
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17,124 |
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Capitalized interest |
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— |
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— |
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— |
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— |
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— |
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— |
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— |
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Interest component of non-cancelable lease rent |
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2,003 |
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1,364 |
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6,911 |
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5,431 |
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4,927 |
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3,782 |
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3,510 |
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Total fixed charges (A) |
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10,274 |
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7,326 |
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37,858 |
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21,191 |
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23,194 |
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21,508 |
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20,634 |
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Earnings, as defined: |
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Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries |
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39,207 |
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25,967 |
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152,982 |
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226,084 |
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205,519 |
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140,169 |
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96,319 |
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Fixed Charges - from above |
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10,274 |
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7,326 |
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37,858 |
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21,191 |
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23,194 |
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21,508 |
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20,634 |
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Total earnings and fixed charges (B) |
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49,481 |
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33,293 |
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190,840 |
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247,275 |
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228,713 |
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161,677 |
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116,953 |
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Ratio of earnings to fixed charges (B/A) |
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4.82 |
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4.54 |
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5.04 |
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11.67 |
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9.86 |
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7.52 |
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5.67 |
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