Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
WORTHINGTON ENTERPRISES, INC. reported the fourth quarter and fiscal year ended May 31, 2023 results: revenue $1.2 billion, EPS $2.61 a share.
- Period
- the fourth quarter and fiscal year ended May 31, 2023
- Revenue
- $1.2 billion
- EPS
- $2.61 a share
- Result
- reported results
Exact text from the filing
estimated to be $33 million or 49 cents a share, compared to inventory holding losses of $42 million or 64 cents a share in Q4 of 2022. Consolidated net sales in the quarter of $1.2 billion decreased 19% from the prior year due to the lower average selling prices in steel processing combined with lower volumes across most of our segments. Gross profit for the
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
WORTHINGTON ENTERPRISES, INC. terminated Receivables Financing Agreement with PNC Bank, National Association, as administrator and a Lender, and PNC Capital Markets LLC, as structuring agent (effective 2023-06-29).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- PNC Bank, National Association, as administrator and a Lender, and PNC Capital Markets LLC, as structuring agent
- Effective
- 2023-06-29
Exact text from the filing
On June 29, 2023, the Registrant and the Borrower terminated the Receivables Financing Agreement, the Purchase and Sale Agreement and the Performance Guaranty (collectively, the “A/R Facility Documents”) pursuant to the payoff letter dated as of June 29, 2023, by and among the Registrant, the Borrower, certain affiliates of the Registrant identified as Originators therein, PNC and PNC Capital Markets LLC (the “Payoff Letter”).
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