Worthington Enterprises Inc

WOR

Equity

ISIN US9818111026 / Valor 987222

New York Stock Exchange, Inc (2024-12-24)

USD 41.11+0.17%

Worthington Enterprises Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Worthington Enterprises Inc is a company that specializes in providing on-board fueling systems and gas containment solutions for the storage, transport, and distribution of industrial gases. Their services cater to various industries that rely on the safe and efficient handling of gases for their operations. With a focus on innovation and quality, Worthington Enterprises Inc plays a crucial role in supporting the infrastructure and logistics of industrial gas supply chains.

Summarized from source with an LLMView SourceSector: Energy

Net Sales

Worthington Enterprises Inc. reported net sales of $318.8 million for the fourth quarter of fiscal 2024, a decrease of $50.0 million, or 13.6%, from the prior year quarter. This decline was primarily driven by lower volume across all segments.

Net Loss

For the fourth quarter of fiscal 2024, Worthington Enterprises Inc. experienced a net loss from continuing operations of $31.5 million, or $(0.64) per diluted share. This is a significant drop compared to net earnings of $50.1 million, or $1.01 per diluted share, in the same quarter of fiscal 2023.

Adjusted Earnings

On a non-GAAP basis, Worthington Enterprises Inc. reported adjusted net earnings from continuing operations of $37.5 million, or $0.74 per diluted share, for the fourth quarter of fiscal 2024. This is a decrease from $59.0 million, or $1.19 per diluted share, in the prior year comparable quarter.

Operating Income

Worthington Enterprises Inc. reported an operating loss of $56.1 million for the fourth quarter of fiscal 2024, compared to an operating income of $15.3 million in the prior year quarter. The loss was due to significantly higher impairment and restructuring charges.

Dividend Declaration

On June 25, 2024, Worthington Enterprises Inc.'s Board of Directors declared a quarterly dividend of $0.17 per common share, payable on September 27, 2024, to shareholders of record at the close of business on September 13, 2024. This represents a 6.25% increase, or $0.01 per share, compared to the prior quarter.

Summarized from source with an LLMView Source

Key figures

-29.6%1Y

56.2%3Y

93.4%5Y

Performance

35.2%1Y

42.5%3Y

47.6%5Y

Volatility