Worthington Enterprises reports Q4 net loss of $31.5M; dividend raised 6.25%

WORTHINGTON ENTERPRISES, INC.

2024-FY EPS reported $2.20 revenue$1,245,703,000

Net loss from continuing ops of $31.5M ($0.64 loss per diluted share); adjusted EPS of $0.74 vs $1.19 prior year.
Net sales $318.8M, down 13.6% YoY; adjusted EBITDA $63.2M vs $93.7M.
Consumer Products net sales down 16%; Building Products down 12% on lower volume and margin compression.
Formed unconsolidated JV with Hexagon for Sustainable Energy Solutions (49% stake retained) on May 29.
Acquired Hexagon Ragasco for ~$98M on June 3; quarterly dividend increased to $0.17/share (+6.25%).

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