---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-005885"
form_type: "8-K"
ticker: "WOR"
cik: "0000108516"
company_name: "WORTHINGTON ENTERPRISES, INC."
filed_at: "2023-09-27T23:59:59+00:00"
generated_at: "2026-06-10T08:03:19.213019+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Worthington Q1 net earnings up to $96.1M ($1.93/sh); Blystone named Executive Chairman

## Summary
- Q1 net earnings attrib. to controlling interest $96.1M ($1.93 diluted EPS) vs $64.1M ($1.30) YoY.
- Adjusted net earnings $102.6M ($2.06/sh); net sales $1.2B down 15% from $1.4B YoY.
- John Blystone elected Executive Chairman; John P. McConnell retires; board reduced to 10 directors.
- Quarterly dividend of $0.32 per share declared, payable Dec 15, 2023 to holders of record Nov 15.
- Steel processing separation (Worthington 2024) expected as early as Dec 2023, ahead of prior guidance.

## SEC filing metadata
- accession: 0001171843-23-005885
- form_type: 8-K
- ticker: WOR
- cik: 0000108516
- company_name: WORTHINGTON ENTERPRISES, INC.
- filed_at: 2023-09-27T23:59:59+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/108516/000117184323005885/0001171843-23-005885-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108516/000117184323005885/f8k_092723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-005885
- JSON: https://secwatch.observer/filing/0001171843-23-005885.json
- Plain text: https://secwatch.observer/filing/0001171843-23-005885.txt

## Key facts
- Earnings Releases
  WORTHINGTON ENTERPRISES, INC. reported fiscal 2024 first quarter ended August 31, 2023 results: revenue $1.2 billion, net income $96.1 million, EPS $1.93 per diluted share.
  - Period: fiscal 2024 first quarter ended August 31, 2023
  - Revenue: $1.2 billion
  - Net income: $96.1 million
  - EPS: $1.93 per diluted share
  - Result: reported results
  source text: Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $1.2 billion and net earnings attributable to controlling interest of $96.1 million, or $1.93 per diluted share, for its fiscal 2024 first quarter ended August 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108516/000117184323005885/0001171843-23-005885-index.htm
- Executive change
  John B. Blystone was elected as Executive Chairman at WORTHINGTON ENTERPRISES, INC..
  - Action: elected
  - Role: Executive Chairman
  source text: Also in connection with Mr. McConnell’s retirement, the Board elected John B. Blystone, the Registrant’s Lead Independent Director, as Executive Chairman of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108516/000117184323005885/0001171843-23-005885-index.htm
- Executive change
  John P. McConnell retired as Executive Chairman at WORTHINGTON ENTERPRISES, INC..
  - Action: retired
  - Role: Executive Chairman
  source text: On September 26, 2023, John P. McConnell, then Executive Chairman of the Registrant, notified the Registrant of his retirement 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 on September 27, 2023 (the “Annual Meeting”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/108516/000117184323005885/0001171843-23-005885-index.htm
- Executive change
  Peter Karmanos, Jr. retired as Director at WORTHINGTON ENTERPRISES, INC..
  - Action: retired
  - Role: Director
  source text: As disclosed in the Registrant’s Current Report on Form 8-K filed on June 28, 2023, Peter Karmanos, Jr. also retired from the Board and its committees, effective at the adjournment of the Annual Meeting.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108516/000117184323005885/0001171843-23-005885-index.htm
- Executive change
  Michael J. Endres was elected as Lead Independent Director at WORTHINGTON ENTERPRISES, INC..
  - Action: elected
  - Role: Lead Independent Director
  source text: The Board elected Michael J. Endres as both the Registrant’s Lead Independent Director and Chairman of the Registrant’s Compensation Committee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108516/000117184323005885/0001171843-23-005885-index.htm

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