Worthington Q3 net earnings $46.3M ($0.94 EPS); net sales $1.1B, down 20% YoY

WORTHINGTON ENTERPRISES, INC.

2023-Q3 EPS reported $2.57 revenue$3,687,528,000

Net sales $1.1B (-20% YoY); net earnings $46.3M ($0.94 EPS) vs $56.3M ($1.11 EPS) prior year.
Adjusted net earnings $51.6M ($1.04 EPS) vs $57.5M ($1.13 EPS) prior year.
Steel Processing net sales $757M (-28% YoY); adjusted EBIT $7.8M. Building Products net sales $151.9M (+14% YoY); adjusted EBIT $51.5M.
Plans to separate Steel Processing (Worthington 2024) by early 2024; senior leadership teams announced.
Quarterly dividend $0.31/share declared; payable June 29, 2023 to record holders June 15, 2023.

item 2.02 item 8.01 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 fiscal 2022 third quarter ended February 28, 2022 results: revenue $1.4 billion, net income $56.3 million, EPS $1.11 per diluted share.

Period: fiscal 2022 third quarter ended February 28, 2022
Revenue: $1.4 billion
Net income: $56.3 million
EPS: $1.11 per diluted share
Result: reported results

Exact text from the filing

In the third quarter of fiscal 2022, the Company reported net sales of $1.4 billion and net earnings of $56.3 million, or $1.11 per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WORTHINGTON ENTERPRISES, INC. reported fiscal 2023 third quarter ended February 28, 2023 results: revenue $1.1 billion, net income $46.3 million, EPS $0.94 per diluted share.

Period: fiscal 2023 third quarter ended February 28, 2023
Revenue: $1.1 billion
Net income: $46.3 million
EPS: $0.94 per diluted share
Result: reported results

Exact text from the filing

Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $1.1 billion and net earnings of $46.3 million, or $0.94 per diluted share, for its fiscal 2023 third quarter ended February 28, 2023.

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Source: SEC EDGAR

accession 0001171843-23-001835

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