secwatch.observer — SEC 8-K summary
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Issuer:     WORTHINGTON ENTERPRISES, INC. (WOR)
CIK:        0000108516
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0001171843-23-004227
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108516/000117184323004227/0001171843-23-004227-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108516/000117184323004227/f8k_062823.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-004227

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