<SEC-DOCUMENT>0000900440-18-000092.txt : 20181031
<SEC-HEADER>0000900440-18-000092.hdr.sgml : 20181031
<ACCEPTANCE-DATETIME>20181031165427
ACCESSION NUMBER:		0000900440-18-000092
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20181031
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181031
DATE AS OF CHANGE:		20181031

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VALMONT INDUSTRIES INC
		CENTRAL INDEX KEY:			0000102729
		STANDARD INDUSTRIAL CLASSIFICATION:	FABRICATED STRUCTURAL METAL PRODUCTS [3440]
		IRS NUMBER:				470351813
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1226

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31429
		FILM NUMBER:		181150983

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 358
		STREET 2:		HWY 275
		CITY:			VALLEY
		STATE:			NE
		ZIP:			68064
		BUSINESS PHONE:		4023592201

	MAIL ADDRESS:	
		STREET 1:		P O BOX 358 - HIGHWAY 275
		CITY:			VALLEY
		STATE:			NE
		ZIP:			68064-0358

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VALLEY MANUFACTURING CO
		DATE OF NAME CHANGE:	19680822
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>vmi8k_103118.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: mnmk
    Document created using EDGARfilings PROfile 4.5.0.0
    Copyright 1995 - 2018 Broadridge-->
</head>
<body style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div><br>
<div id="DSPFPageHeader"></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">UNITED STATES</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">SECURITIES AND EXCHANGE COMMISSION</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">WASHINGTON, DC 20549</div>

<div style="LINE-HEIGHT: 12.55pt"><br style="LINE-HEIGHT: 12.55pt">
</div>

<div style="LINE-HEIGHT: 12.55pt"><br style="LINE-HEIGHT: 12.55pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">FORM 8-K</div>

<div style="LINE-HEIGHT: 12.55pt"><br style="LINE-HEIGHT: 12.55pt">
</div>

<div style="LINE-HEIGHT: 12.55pt"><br style="LINE-HEIGHT: 12.55pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">CURRENT REPORT PURSUANT</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">TO SECTION 13 OR 15(D) OF THE</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">SECURITIES EXCHANGE ACT OF 1934</div>

<div style="LINE-HEIGHT: 12.55pt"><br style="LINE-HEIGHT: 12.55pt">
</div>

<div style="LINE-HEIGHT: 12.55pt"><br style="LINE-HEIGHT: 12.55pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">October 31, 2018</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">Date of report (Date of earliest event reported)</div>

<div style="LINE-HEIGHT: 12.55pt"><br style="LINE-HEIGHT: 12.55pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">Valmont Industries, Inc.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">(Exact Name of Registrant as Specified in Its Charter)</div>

<div style="LINE-HEIGHT: 12.55pt"><br style="LINE-HEIGHT: 12.55pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">Delaware</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">(State or Other Jurisdiction of Incorporation)</div>

<div style="LINE-HEIGHT: 12.55pt"><br style="LINE-HEIGHT: 12.55pt">
</div>

<table id="zf5fe3030055d45bba7c1910a6b135c8c" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">1-31429</div>
</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">47-0351813</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">(Commission File Number)</div>
</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">(IRS Employer Identification No.)</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 12.55pt"><br style="LINE-HEIGHT: 12.55pt">
</div>

<table id="z048b6ea9bd0b4c91a618e37204721f22" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">One Valmont Plaza</div>
</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">Omaha, NE</div>
</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">68154</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">(Address of Principal Executive Offices)</div>
</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">(Zip Code)</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 12.55pt"><br style="LINE-HEIGHT: 12.55pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">(402) 963-1000</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">(Registrant's Telephone Number, Including Area Code)</div>

<div style="LINE-HEIGHT: 12.55pt"><br style="LINE-HEIGHT: 12.55pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 12.55pt">(Former Name or Former Address, if Changed Since Last Report)</div>

<div style="LINE-HEIGHT: 12.55pt"><br style="LINE-HEIGHT: 12.55pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 13pt; TEXT-INDENT: 36pt">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 (<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">see </font>General Instruction A.2. below):</div>

<div style="LINE-HEIGHT: 13pt"><br style="LINE-HEIGHT: 13pt">
</div>

<table id="z643123bd1847467d8570f39178d748d8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 6.36%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 12.55pt">&#9744;</div>
</td>
<td style="WIDTH: 93.64%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 12.55pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.36%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 12.55pt">&#9744;</div>
</td>
<td style="WIDTH: 93.64%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 12.55pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.36%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 12.55pt">&#9744;</div>
</td>
<td style="WIDTH: 93.64%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 12.55pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.36%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 12.55pt">&#9744;</div>
</td>
<td style="WIDTH: 93.64%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 12.55pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
</td>
</tr>

<tr>
<td style="WIDTH: 100%; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 12.55pt">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>
</td>
</tr>

<tr>
<td style="WIDTH: 100%; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 12.55pt">Emerging growth company <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">&#160; </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">&#9744;</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 100%; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 12.55pt">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">&#160; </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">&#9744;</font></div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageFooter"></div>

<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>

<div id="DSPFPageHeader"></div>
</div>

<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 13.7pt">Item 8.01.&#160; Other Events.</div>

<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 13.7pt; TEXT-INDENT: 36pt">On October 31, 2018, Valmont Industries issued a press release on a share repurchase program.&#160; The press release, attached as an exhibit hereto, is incorporated by this reference.</div>

<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 13.7pt">Item 9.01.&#160; Financial Statements and Exhibits.</div>

<div style="MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left; LINE-HEIGHT: 13.7pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">(d)&#160; </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">Exhibits.</font></div>

<div style="MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left; LINE-HEIGHT: 13.7pt"><a href="vmi8k_103118exhibit.htm"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">99.1&#160; </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">Press Release dated October 31, 2018</font></a></div>

<div style="MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 13.7pt"><br style="LINE-HEIGHT: 13.7pt">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageFooter"></div>

<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>

<div id="DSPFPageHeader"></div>
</div>

<div style="LINE-HEIGHT: 13.7pt"><br style="LINE-HEIGHT: 13.7pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 13.7pt">SIGNATURES</div>

<div style="LINE-HEIGHT: 13.7pt"><br style="LINE-HEIGHT: 13.7pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 13.7pt; TEXT-INDENT: 36pt">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.</div>

<div style="LINE-HEIGHT: 13.7pt"><br style="LINE-HEIGHT: 13.7pt">
</div>

<div style="LINE-HEIGHT: 13.7pt"><br style="LINE-HEIGHT: 13.7pt">
</div>

<table id="zb49abb312a4f46659f8059adaa1d49d9" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 49.85%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 50.15%; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 13.7pt">Valmont Industries, Inc.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 49.85%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 13.7pt">Date:&#160; October 31, 2018</div>
</td>
<td style="WIDTH: 50.15%; VERTICAL-ALIGN: top" colspan="2">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 49.85%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 50.15%; VERTICAL-ALIGN: top" colspan="2">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 49.85%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5.88%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 13.7pt">By:</div>
</td>
<td style="WIDTH: 44.27%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 13.7pt">/s/ Mark Jaksich</div>
</td>
</tr>

<tr>
<td style="WIDTH: 49.85%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5.88%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 44.27%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 13.7pt">Name: Mark Jaksich</div>
</td>
</tr>

<tr>
<td style="WIDTH: 49.85%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5.88%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 44.27%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 13.7pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">Title:</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 36pt; DISPLAY: inline-block; TEXT-INDENT: 0px">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">Executive Vice President and<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><br>
</font> Chief Financial Officer</font></div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div id="DSPFPageFooter"></div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>vmi8k_103118exhibit.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: mnmk
    Document created using EDGARfilings PROfile 4.5.0.0
    Copyright 1995 - 2018 Broadridge-->
</head>
<body style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div id="DSPFPageFooter">
<div id="DSPFPageHeader">
<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>
</div>

<div style="MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left; LINE-HEIGHT: 18.25pt"><img style="HEIGHT: 44px; WIDTH: 270px" src="image0.jpg"></div>

<table id="zd29215978cb941c4b4576a8ce2afb4ae" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 18pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 22.8pt">News Release</div>
</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 15.95pt">For Immediate Release</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 13.7pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Contact:</font>&#160; Renee Campbell</div>
</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 13.7pt">October 31, 2018</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 54pt; LINE-HEIGHT: 13.7pt">402-963-1057</div>
</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 14pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-ALIGN: center; LINE-HEIGHT: 18.25pt">Valmont Announces $250 Million Share Repurchase Reauthorization</div>

<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-TOP: 12pt; LINE-HEIGHT: 14.4pt; TEXT-INDENT: 18pt">Omaha, NE &#8211; Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today announced that its Board of Directors has approved a reauthorization of the current share repurchase program. Under this reauthorization, which will be effective once the current authorization is completed, the Company is authorized to purchase up to $250 million of its outstanding common stock from time to time, by means of open market purchases or through privately-negotiated transactions. The reauthorization has no stated expiration date. The purchases will be funded from available cash balances and ongoing cash flows, and will be made subject to market and economic conditions. The Company is not obligated to make any repurchases and may discontinue the program at any time.</div>

<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-TOP: 12pt; LINE-HEIGHT: 12.55pt; TEXT-INDENT: 18pt">As of September 29, 2018, the Company had approximately $45 million remaining under the current share repurchase authorization announced in February 2015. Valmont currently has approximately 22.1 million shares outstanding.</div>

<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 12.55pt">About Valmont</div>

<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 12.55pt; TEXT-INDENT: 21.6pt">Valmont is a global leader, designing and manufacturing engineered products that support global infrastructure development and agricultural productivity. Its products for infrastructure serve highway, transportation, wireless communication, electric transmission, and industrial construction and energy markets. Its irrigation equipment and services for large-scale agriculture improves farm productivity while conserving fresh water resources. In addition, Valmont provides coatings services that protect against corrosion and improve the service lives of steel and other metal products.</div>

<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-TOP: 12pt; LINE-HEIGHT: 12.55pt; TEXT-INDENT: 21.6pt">This release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that management has made in light of experience in the industries in which Valmont operates, as well as management's perceptions of historical trends, current conditions, expected future developments and other factors believed to be appropriate under the circumstances. As you read and consider this release, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (some of which are beyond Valmont's control) and assumptions. Although management believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect Valmont's actual financial results and cause them to differ materially from those anticipated in the forward-looking statements. These factors include among other things, risk factors described from time to time in Valmont's reports to the Securities and Exchange Commission, as well as future economic and market circumstances, industry conditions, company performance and financial results, operating efficiencies, availability and price of raw material, availability and market acceptance of new products, product pricing, domestic and international competitive environments, and actions and policy changes of domestic and foreign governments. The Company cautions that any forward-looking statement included in this press release is made as of the date of this press release and the Company does not undertake to update any forward-looking statement.</div>

<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; MARGIN-TOP: 12pt; LINE-HEIGHT: 13.7pt">###</div>

<div id="DSPFPageFooter">
<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>
</div>
</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image0.jpg
<TEXT>
begin 644 image0.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !! 8D# 2(  A$! Q$!_\0
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MN>Y65[=6.6A4-RP'\.[;C/4CC[IQX+0-.Y[-\ _^9A_[=O\ VK7C->S? /\
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MW^%_ATHKZ]<HN'4QVO()ZD.W3@\;1S_>XP17I5-CCCAB2*)%2-%"JBC 4#H
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M,@#C('Y5H4Q-W/C*BOK/_A$/#/\ T+ND?^ 4?_Q-'_"(>&?^A=TC_P  H_\
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6 -?MW_Z425IT44 PHHHH **** /_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
