secwatch.observer — SEC 8-K summary
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Issuer:     WORTHINGTON ENTERPRISES, INC. (WOR)
CIK:        0000108516
Form:       8-K
Filed at:   2023-12-19T23:59:59+00:00
Accession:  0001171843-23-007615
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108516/000117184323007615/0001171843-23-007615-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108516/000117184323007615/f8k_121923.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-007615

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