Valmont enters $120M accelerated share repurchase; initial delivery ~0.4M shares

VALMONT INDUSTRIES INC

Entered ASR with Citibank to repurchase $120M of common stock under existing program.
Initial delivery of approx. 0.4M shares received Nov 29, 2023; final number based on VWAP.
ASR expected to complete by Q1 2024; remaining authorization ~$145M as of Nov 29.
CEO cites confidence in business and cash flow generation; funded from working capital and short-term borrowings.

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