---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-010300"
form_type: "8-K"
ticker: "WOR"
cik: "0000108516"
company_name: "WORTHINGTON ENTERPRISES, INC."
filed_at: "2023-03-28T23:59:59+00:00"
generated_at: "2026-06-17T11:45:04.576099+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Worthington Q3 EPS $0.94 (adj. $1.04); revenue $1.1B, down 20% YoY; steel losses $27M

## Summary
- Adjusted EBITDA $99M vs $112M YoY; trailing twelve-month adj. EBITDA $443M.
- Inventory holding losses of $27M ($0.41/sh) expected to reverse in Q4 as steel prices rose $550/ton.
- Consumer Products EBIT $18M (11% margin) vs $27M (16.5%) prior; volumes up 16% sequentially.
- Building Products sales up 14% to $152M; EBIT $51M (33.9% margin) vs $50M (37.3%).
- Separation of Steel Processing business on track for early calendar 2024; $6M separation costs in Q3.

## SEC filing metadata
- accession: 0000950170-23-010300
- form_type: 8-K
- ticker: WOR
- cik: 0000108516
- company_name: WORTHINGTON ENTERPRISES, INC.
- filed_at: 2023-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108516/000095017023010300/0000950170-23-010300-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108516/000095017023010300/wor-20230323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-010300
- JSON: https://secwatch.observer/filing/0000950170-23-010300.json
- Plain text: https://secwatch.observer/filing/0000950170-23-010300.txt

## Key facts
- Earnings Releases
  WORTHINGTON ENTERPRISES, INC. reported third quarter of fiscal 2023 (the fiscal quarter ended February 28, 2023) results: EPS $0.94 a share.
  - Period: third quarter of fiscal 2023 (the fiscal quarter ended February 28, 2023)
  - EPS: $0.94 a share
  - Result: reported results
  source text: In Q3, we reported earnings of $0.94 a share versus $1.11 in the prior year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108516/000095017023010300/0000950170-23-010300-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.