---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-004227"
form_type: "8-K"
ticker: "WOR"
cik: "0000108516"
company_name: "WORTHINGTON ENTERPRISES, INC."
filed_at: "2023-06-28T23:59:59+00:00"
generated_at: "2026-06-13T15:21:01.485376+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Worthington Q4 GAAP EPS $2.61, adjusted $2.74; dividend raised 3% to $0.32

## Summary
- Net earnings of $129.9M ($2.61 diluted EPS) vs $80.3M ($1.61) a year ago; adjusted EPS $2.74 vs $1.58.
- Net sales of $1.23B, down 19% YoY, due to lower steel prices and slightly lower volumes.
- Quarterly dividend increased to $0.32 per share, payable Sept 29, 2023, marking 13th consecutive year of increase.
- Director Peter Karmanos retiring after annual meeting; John McConnell defers retirement to stay through steel processing separation.
- Separation of Steel Processing (Worthington 2024) remains on track for early 2024.

## SEC filing metadata
- accession: 0001171843-23-004227
- form_type: 8-K
- ticker: WOR
- cik: 0000108516
- company_name: WORTHINGTON ENTERPRISES, INC.
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108516/000117184323004227/0001171843-23-004227-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108516/000117184323004227/f8k_062823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-004227
- JSON: https://secwatch.observer/filing/0001171843-23-004227.json
- Plain text: https://secwatch.observer/filing/0001171843-23-004227.txt

## Key facts
- Earnings Releases
  WORTHINGTON ENTERPRISES, INC. reported fiscal 2023 fourth quarter ended May 31, 2023 results: revenue $1.2 billion, net income $129.9 million, EPS $2.61.
  - Period: fiscal 2023 fourth quarter ended May 31, 2023
  - Revenue: $1.2 billion
  - Net income: $129.9 million
  - EPS: $2.61
  - Result: reported results
  source text: Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $1.2 billion and net earnings of $129.9 million, or $2.61 per diluted share, for its fiscal 2023 fourth quarter ended May 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108516/000117184323004227/0001171843-23-004227-index.htm
- Executive change
  Peter Karmanos, Jr. retired as Director at WORTHINGTON ENTERPRISES, INC..
  - Action: retired
  - Role: Director
  source text: On June 27, 2023, Peter Karmanos, Jr., 80, notified the Registrant of his intention to retire from the Registrant’s Board of Directors (the “Board”) and its committees, effective at the adjournment of the Registrant’s 2023 annual meeting of shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108516/000117184323004227/0001171843-23-004227-index.htm

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