Valmont Industries Inc (VMI) 2001年年度报告「NYSE」.pdf

1、Valmont is recognized throughout theworldas an industry leaderin engineered support structuresand servicesfor infrastructure,and irrigation equipmentfor agriculture.An n ua l Re por t 2 0 01$62362363163164064084684687287297979898999900000101$62.062.0 47.847.8 50.250.2 67.367.3 65.065.097979898999900

2、000101$1.331.33 1.021.02 1.081.08 1.281.28 1.091.0997979898999900000101200120001999Operating ResultsNet sales$0,00872.4$00846.1$00639.9Operating income65.067.350.2Net earnings26.730.426.4Diluted earnings per share1.091.281.08Dividends per share0.260.260.26Total Value Impact(TVI)0.59.04.5Financial Po

3、sitionShareholders equity$00.0225.8$00191.9$00170.5Shareholders equity per share9.238.237.30Long-term debt as a%of invested capital41.9%42.8%33.8%Operating RatiosGross profit as a%of net sales24.9%25.0%27.0%Operating income as a%of net sales7.5%7.9%7.8%Net earnings as a%of net sales3.1%3.6%4.1%Retur

4、n on beginning equity13.9%17.8%15.0%Return on invested capital8.6%10.9%9.8%Year-End DataShares outstanding(000)24,47723,32023,354Approximate number of shareholders5,5005,5005,500Number of employees5,3425,5033,948Financial Highlights2001NetSalesOperatingIncomeDiluted EarningsPer Share01FINANCIAL HIGH

5、LIGHTS02LETTER TO SHAREHOLDERS08AT A GLANCE12I N F R AS T R U C T U R E14MANAGEMENT PERSPECTIVES14P O L E S20W I R E L E S S C O M M U N I CAT I O N24COATINGS26IRRIGATION31TUBING32GLOBAL LOCATIONS34THE VALUE OF OUR GLOBAL INVESTMENT35TOTAL VAL U E I M PAC T36F I NAN C I AL R E S U LT S 68O F F I C E

6、 R S AN D MANAG E M E N T69T H E B OAR D O F D I R E C TO R SCorporate VisionValmont is recognized throughout the world as an industry leader in engineered support structures and services for infrastructure,and water management for agriculture.We grow our businesses by leveraging our existing produc