---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-001835"
form_type: "8-K"
ticker: "WOR"
cik: "0000108516"
company_name: "WORTHINGTON ENTERPRISES, INC."
filed_at: "2023-03-22T23:59:59+00:00"
generated_at: "2026-06-17T21:02:09.243377+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-001835
- form_type: 8-K
- ticker: WOR
- cik: 0000108516
- company_name: WORTHINGTON ENTERPRISES, INC.
- filed_at: 2023-03-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108516/000117184323001835/0001171843-23-001835-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108516/000117184323001835/f8k_032223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-001835
- JSON: https://secwatch.observer/filing/0001171843-23-001835.json
- Plain text: https://secwatch.observer/filing/0001171843-23-001835.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108516/000117184323001835/0001171843-23-001835-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108516/000117184323001835/0001171843-23-001835-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.