{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-063386","form_type":"8-K","ticker":"WOR","cik":"0000108516","company_name":"WORTHINGTON ENTERPRISES, INC.","filed_at":"2023-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.173068+00:00","generated_at":"2026-06-08T03:10:45.968186+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Worthington Enterprises post-spin: $1.4B revenue, 21% EBITDA margin, 85% FCF conversion, 0.5x net debt","bullets":["Separation of Worthington Industries into two public companies expected to close within a month.","Pro forma Worthington Enterprises: ~$1.4B sales, 21% EBITDA margin, 85% FCF conversion, 20% ROIC.","Balance sheet: ~0.5x net debt, $150M cash, $500M revolver; maintain investment grade rating.","Long-term targets: 6-8% annual sales growth, 300bps EBITDA margin improvement, high FCF conversion.","80%+ of EBITDA from market-leading positions in building products, consumer brands, and sustainable energy."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-063386","json":"https://secwatch.observer/filing/0000950170-23-063386.json","markdown":"https://secwatch.observer/filing/0000950170-23-063386.md","text":"https://secwatch.observer/filing/0000950170-23-063386.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/108516/000095017023063386/0000950170-23-063386-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/108516/000095017023063386/wor-20231108.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T03:10:45.968186+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}