VALMONT INDUSTRIES INC 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Purchases of Equity Securities by the Issuer and Affiliated Purchasers ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total number of ​ Approximate dollar ​ ​ ​ ​ ​ ​ ​ shares purchased ​ value of shares that ​ ​ Total number ​ Average ​ as part of publicly ​ may yet be purchased ​ ​ of shares ​ price paid ​ announced plans ​ under the plans Period purchased per share or programs or programs (1) March 30, 2025 to April 26, 2025 280,161 ​ $ 270.01 280,161 ​ $ 690,388,000 April 27, 2025 to May 31, 2025 64,000 ​ ​ 311.02 64,000 ​ ​ 670,481,000 June 1, 2025 to June 28, 2025 13,818 ​ 321.91 13,818 ​ 666,032,000 Total 357,979 ​ $ 279.35 357,979 ​ $ 666,032,000 (1) In May 2014, we announced a capital allocation philosophy that included a share repurchase program. The Board of Directors initially authorized the repurchase of up to $500.0 million of the Company’s outstanding common stock over twelve-month period, at prevailing market prices, through either open market or privately negotiated transactions. The Board expanded this authorization in February 2015 and again in October 2018, each time adding $250.0 million with no expiration date. In February 2023, the Board of Directors increased the program by an additional $400.0 million, also with no stated expiration date. In February 2025, the Board authorized a further $700.0 million increase, again with no expiration date. As of June 28, 2025, we have repurchased 8,593,676 shares for approximately $1.4 billion under this program. ITEM 3. DEFAULTS UPON SENIOR SECURITIES None. ITEM 4. MINE SAFETY DISCLOSURES Not applicable. 35 Table of Contents