(8) NET EARNINGS PER SHARE The table below provides a reconciliation between the net earnings attributable to Valmont Industries, Inc. and the weighted average share amounts used to compute both basic and diluted earnings per share: | | | | | | | | | | | | | | | Thirteen weeks ended | | Thirty-nine weeks ended | | | September 26, | | September 27, | | September 26, | | September 27, | | | 2026 | | 2025 | | 2026 | | 2025 | Net earnings attributable to Valmont Industries, Inc. | | | | | | | | | | | | | Net earnings attributable to Valmont Industries, Inc. | | $ | 121,053 | | $ | 99,031 | | $ | 349,004 | | $ | 182,272 | Change in redemption value of redeemable noncontrolling interests | | | — | | | — | | | — | | | (26,243) | Net earnings attributable to Valmont Industries, Inc. including change in redemption value of redeemable noncontrolling interests | | $ | 121,053 | | $ | 99,031 | | $ | 349,004 | | $ | 156,029 | Weighted average shares outstanding (in thousands): | | | | | | | | | | | | | Basic | | | 19,232 | | | 19,736 | | | 19,357 | | | 19,864 | Dilutive effect of various stock awards | | | 159 | | | 140 | | | 159 | | | 137 | Diluted | | | 19,391 | | | 19,876 | | | 19,516 | | | 20,001 | Net earnings attributable to Valmont Industries, Inc. per share: | | | | | | | | | | | | | Basic | | $ | 6.29 | | $ | 5.02 | | $ | 18.03 | | $ | 7.85 | Dilutive effect of various stock awards | | | (0.05) | | | (0.04) | | | (0.15) | | | (0.05) | Diluted | | $ | 6.24 | | $ | 4.98 | | $ | 17.88 | | $ | 7.80 |
There were no outstanding stock options excluded from the computation of diluted earnings per share as anti-dilutive for the thirteen and thirty-nine weeks ended September 26, 2026 and September 27, 2025.
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