secwatch.observer — SEC 8-K summary
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Issuer:     WORTHINGTON ENTERPRISES, INC. (WOR)
CIK:        0000108516
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0000950170-24-077327
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108516/000095017024077327/0000950170-24-077327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108516/000095017024077327/wor-20240625.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-077327

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