secwatch.observer — SEC 8-K summary
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Issuer:     WORTHINGTON ENTERPRISES, INC. (WOR)
CIK:        0000108516
Form:       8-K
Filed at:   2024-03-20T23:59:59+00:00
Accession:  0001171843-24-001504
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Worthington Q3 adj EPS $0.80, sales $317M; declares $0.16 dividend
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- Q3 net sales $316.8M, down 8.5% YoY; GAAP EPS $0.44 vs $0.60 prior; adjusted EPS $0.80 vs $0.81 prior.
- Adjusted operating income $8.0M vs $16.9M; adjusted EBITDA $66.9M vs $70.2M. Higher Consumer Products offset by weak Europe SES.
- Separation of Steel Processing completed Dec 1, 2023. One-time charges include pension settlement $6.2M and tax effects $9.2M.
- Board declares $0.16 quarterly dividend, payable June 28 to holders of record June 14.
- Total debt $298M, cash $227.3M; early redemption of $150M notes funded by distribution from Worthington Steel.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108516/000117184324001504/0001171843-24-001504-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108516/000117184324001504/f8k_032024.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-001504

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