{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-027063","form_type":"8-K","ticker":"WOR","cik":"0000108516","company_name":"WORTHINGTON ENTERPRISES, INC.","filed_at":"2022-12-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.565908+00:00","generated_at":"2026-06-20T22:17:55.751912+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Worthington Q2 EPS $0.33; inventory losses $53M; sees Q2 as trough","bullets":["GAAP EPS $0.33 vs $2.15 prior year; adjusted EPS $0.44 vs $2.12; revenue $1.18B down 5%.","Inventory holding losses of $53M ($0.81/sh) vs gains of $42M last year, a $95M unfavorable swing.","Steel Processing posted adjusted EBIT loss of $17M vs gain of $72M; volumes down 13% YoY.","Consumer Products EBIT $13M (8.8% margin) and Building Products EBIT $41M (29.1% margin); both impacted by customer destocking.","Management expects moderate Q3 inventory losses, believes Q2 is trough; separation of Steel business on track for early 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-027063","json":"https://secwatch.observer/filing/0000950170-22-027063.json","markdown":"https://secwatch.observer/filing/0000950170-22-027063.md","text":"https://secwatch.observer/filing/0000950170-22-027063.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/108516/000095017022027063/0000950170-22-027063-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/108516/000095017022027063/wor-20221221.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T22:17:55.751912+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7bffcdf91bf41945ddad240740adaa909979c47e","claim":"WORTHINGTON ENTERPRISES, INC. reported second quarter of fiscal 2023 (the fiscal quarter ended November 30, 2022) results: revenue $1.2 billion, net income $16,218 thousand, EPS $0.33.","evidence_excerpt":"holding gains of $42 million or $0.61 a share in the prior year quarter, an unfavorable swing of $95 million, which is $1.42 a share. Consolidated net sales in the quarter of $1.2 billion decreased 5% from the prior year, primarily due to the lower average selling prices in Steel Processing, combined with lower volumes, partially offset by the inclusion of Temple","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/108516/000095017022027063/0000950170-22-027063-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of fiscal 2023 (the fiscal quarter ended November 30, 2022)"},{"label":"Revenue","value":"$1.2 billion"},{"label":"Net income","value":"$16,218 thousand"},{"label":"EPS","value":"$0.33"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}