secwatch.observer — SEC 8-K summary
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Issuer:     WORTHINGTON ENTERPRISES, INC. (WOR)
CIK:        0000108516
Form:       8-K
Filed at:   2024-03-25T23:59:59+00:00
Accession:  0000950170-24-035935
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Worthington Enterprises Q3 FY2024: TTM adjusted EBITDA $281.6M, free cash flow $40.1M
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- Net earnings from continuing ops (TTM) $116.3M; adjusted EBITDA $281.6M.
- Pro forma adjusted EBITDA $279.1M (22% margin) reflecting separation of Worthington Steel.
- Free cash flow of $40.1M in Q3; net debt to TTM adjusted EBITDA 0.25x.
- Separation costs of $15.4M and pension settlement charge of $8.1M included in adjustments.
- Results discuss outlook for post-separation business with low leverage and healthy cash generation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108516/000095017024035935/0000950170-24-035935-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108516/000095017024035935/wor-20240321.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-035935

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