• Valmont Industries average gross margin for 2023 was 28.44%, a 12.46% increase from 2022.
• Valmont Industries average gross margin for 2022 was 25.29%, a 2.13% increase from 2021.
• Valmont Industries average gross margin for 2021 was 25.84%, a 0.81% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.