Valmont realigns reporting segments to Infrastructure and Agriculture, effective Q1 2022

VALMONT INDUSTRIES INC

New Infrastructure segment combines Utility Support Structures, Engineered Support Structures and Coatings.
Agriculture segment renamed from Irrigation; adds Agricultural Technology revenue line.
Segment realignment reflects CEO's management approach and aims to simplify structure.
Centralizes global manufacturing operations to improve productivity and capital allocation.
No change to historical GAAP financial statements; prior period recast to be filed.

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