---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-004280"
form_type: "8-K/A"
ticker: "WOR"
cik: "0000108516"
company_name: "WORTHINGTON ENTERPRISES, INC."
filed_at: "2023-06-30T23:59:59+00:00"
generated_at: "2026-06-13T13:38:55.408332+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Worthington Q4 EPS $2.61 ($2.74 adj) vs $1.61 YoY; dividend raised to $0.32

## Summary
- Net sales $1.23B, down 19% YoY from $1.52B; net earnings $129.9M vs $80.3M.
- Steel Processing adjusted EBIT up $79.7M to $96.2M on higher direct spreads and inventory holding gains.
- Board declared quarterly dividend $0.32/share, up $0.01 (3%), payable Sept 29 to record Sept 15.
- Peter Karmanos to retire from board after 2023 annual meeting; John McConnell defers retirement.
- Worthington 2024 separation of Steel Processing on track for early calendar 2024.

## SEC filing metadata
- accession: 0001171843-23-004280
- form_type: 8-K/A
- ticker: WOR
- cik: 0000108516
- company_name: WORTHINGTON ENTERPRISES, INC.
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108516/000117184323004280/0001171843-23-004280-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108516/000117184323004280/f8ka_063023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-004280
- JSON: https://secwatch.observer/filing/0001171843-23-004280.json
- Plain text: https://secwatch.observer/filing/0001171843-23-004280.txt

## Key facts
- Earnings Releases
  WORTHINGTON ENTERPRISES, INC. reported fourth quarter and fiscal year ended May 31, 2023 results: revenue $1.2 billion, net income $129.9 million, or $2.61 per diluted share.
  - Period: fourth quarter and fiscal year ended May 31, 2023
  - Revenue: $1.2 billion
  - Net income: $129.9 million, or $2.61 per diluted share
  - Result: reported results
  source text: Worthington Reports Fourth Quarter Fiscal 2023 Results COLUMBUS, Ohio, June 28, 2023 (GLOBE NEWSWIRE) -- 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/108516/000117184323004280/0001171843-23-004280-index.htm
- Executive change
  Peter Karmanos, Jr. departed as Director at WORTHINGTON ENTERPRISES, INC..
  - Action: retire
  - Role: Director
  source text: On June 27, 2023, Peter Karmanos, Jr., 80, notified the Registrant of his intention to retire from 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/108516/000117184323004280/0001171843-23-004280-index.htm

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