Worthington Enterprises Q2 pro forma EBITDA $280M; net debt-to-EBITDA 0.35 after Steel separation

WORTHINGTON ENTERPRISES, INC.

2023-Q2 EPS reported $2.40 revenue$2,280,174,000

Pro forma adjusted EBITDA of $280M on net sales of $1.325B for TTM ended Nov 30, 2023; 21% margin.
Net debt to TTM adjusted EBITDA ratio of 0.35; free cash flow $102M in Q2 fiscal 2024.
Separation of Worthington Steel completed Dec 1, 2023; historical results to be restated with Steel as discontinued ops.
Consolidated TTM adjusted EBITDA (pre-Separation) was $556.5M; pro forma adjustments deduct Steel and shared costs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WORTHINGTON ENTERPRISES, INC. reported financial results for the second quarter of fiscal 2024 ended November 30, 2023.

Period: the second quarter of fiscal 2024 ended November 30, 2023
Result: reported results

Exact text from the filing

Worthington Enterprises, Inc. (the “Registrant”) conducted a conference call on December 20, 2023, beginning at approximately 9:00 a.m., Eastern Time, to discuss the Registrant’s unaudited financial results for the second quarter of fiscal 2024 ended November 30, 2023.

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Source: SEC EDGAR

accession 0000950170-23-072562

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