secwatch.observer — SEC 8-K summary
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Issuer:     WORTHINGTON ENTERPRISES, INC. (WOR)
CIK:        0000108516
Form:       8-K
Filed at:   2023-12-22T23:59:59+00:00
Accession:  0000950170-23-072562
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108516/000095017023072562/0000950170-23-072562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108516/000095017023072562/wor-20231220.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-072562

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer