secwatch.observer — SEC 8-K summary
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Issuer:     WORTHINGTON ENTERPRISES, INC. (WOR)
CIK:        0000108516
Form:       8-K
Filed at:   2023-03-22T23:59:59+00:00
Accession:  0001171843-23-001835
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108516/000117184323001835/0001171843-23-001835-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108516/000117184323001835/f8k_032223.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-001835

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