Worthington Enterprises Q2 fiscal 2024 adjusted EPS $0.78, up from $0.44; completes Steel Processing separation

WORTHINGTON ENTERPRISES, INC.

2023-Q2 EPS reported $2.40 revenue$2,280,174,000

Net sales $1.1B (down 7.5% YoY); net earnings attributable to controlling interest $24.3M ($0.49 diluted EPS) vs $16.2M ($0.33) prior year.
Adjusted net earnings $38.9M ($0.78 per share) vs $21.8M ($0.44) prior year, excluding separation costs and gain on asset sale.
Completed separation of Steel Processing business into standalone public company (Worthington Steel, NYSE: WS) on Dec 1, 2023; received $150M cash distribution.
Used $150M distribution to pay off unsecured senior notes due Aug 2024; Board declared $0.16 quarterly dividend payable Mar 29, 2024.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WORTHINGTON ENTERPRISES, INC. reported the fiscal 2024 second quarter ended November 30, 2023 results: revenue $1.1 billion, net income $24.3 million, EPS $0.49 per diluted share.

Period: the fiscal 2024 second quarter ended November 30, 2023
Revenue: $1.1 billion
Net income: $24.3 million
EPS: $0.49 per diluted share
Result: reported results

Exact text from the filing

Net sales in the second quarter of fiscal 2024 were $1.1 billion and net earnings attributable to controlling interest were $24.3 million, or $0.49 per diluted share.

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Source: SEC EDGAR

accession 0001171843-23-007615

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