secwatch.observer — SEC 8-K summary
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Issuer:     WORTHINGTON ENTERPRISES, INC. (WOR)
CIK:        0000108516
Form:       8-K/A
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0001171843-23-004280
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108516/000117184323004280/0001171843-23-004280-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108516/000117184323004280/f8ka_063023.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-004280

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