Welcome to our dedicated page for Worthington news (Ticker: WOR), a resource for investors and traders seeking the latest updates and insights on Worthington stock.
Worthington Enterprises (WOR) delivers innovative metal processing solutions and sustainable energy systems across global markets. This news hub provides investors and industry professionals with direct access to official announcements, strategic developments, and financial updates from the diversified manufacturer.
Track the company’s progress in building products, consumer solutions, and clean energy technologies through curated press releases. Our repository includes verified updates on earnings reports, facility expansions, product launches, and partnership agreements – all essential for understanding WOR’s market position.
Discover how the company’s advancements in composite cylinder manufacturing and architectural metal systems impact key industries. Content is organized chronologically for efficient research, with clear sourcing for regulatory compliance. Bookmark this page for real-time insights into operational milestones and corporate strategy.
Worthington Enterprises (NYSE: WOR) reported its Q3 fiscal 2025 results with mixed performance. Net sales decreased 4% to $304.5 million, primarily due to the deconsolidation of the Sustainable Energy Solutions segment, though partially offset by volume growth and Ragasco business acquisition.
Key highlights include:
- Earnings per share from continuing operations up 80% to $0.79
- Adjusted EPS grew 14% to $0.91
- Operating cash flow increased 14% to $57.1 million
- Free cash flow rose 11% to $44.4 million
The company maintained a strong balance sheet with $222.8 million in cash and $293.9 million in long-term debt. Consumer Products segment saw net sales increase 4.9% to $139.7 million, while Building Products segment grew 11.2% to $164.8 million. The company repurchased 150,000 shares for $6.2 million and declared a quarterly dividend of $0.17 per share.
Worthington Enterprises (NYSE: WOR) has declared a quarterly dividend of $0.17 per share, payable on June 27, 2025, to shareholders of record on June 13, 2025. The company has maintained its dividend payment tradition since its IPO in 1968.
The Board of Directors has appointed Brant Standridge as its newest member. Standridge, currently serving as senior executive vice president at Huntington National Bank and president of Consumer and Regional banking operations, brings expertise in consumer behavior, trends, and M&A experience.
The company will hold its quarterly earnings conference call on March 26, 2025, at 8:30 a.m. ET to discuss fiscal third quarter results, which will be released after market close on March 25, 2025.
Worthington Enterprises (NYSE: WOR) has announced its upcoming fiscal third quarter 2025 earnings conference call, scheduled for Wednesday, March 26, 2025, at 8:30 a.m. ET. The company will release its financial results after market close on March 25, 2025.
Investors and interested parties can access the live audio webcast through the company's investor relations website at IR.worthingtonenterprises.com. A replay of the call will be available in the Investors section approximately two hours after the call concludes and will remain accessible for one year.
Worthington Enterprises (NYSE: WOR) supports the PHMSA's January 13, 2025 safety advisory regarding unsafe pressure cylinders manufactured by non-U.S. companies. As the only American manufacturer of many steel cylinder sizes used for critical infrastructure, Worthington emphasizes concerns about non-compliant cylinders from China and other countries undermining DOT safety standards.
The company backs the Compressed Gas Cylinder Safety and Oversight Improvements Act of 2023, which aims to establish regulations for foreign-manufactured cylinders sold in the US. The bill would implement facility inspections and compliance protocols. Worthington manufactures cylinders across multiple U.S. facilities in Kansas, Kentucky, Ohio, Rhode Island, and Wisconsin.
Worthington Enterprises (NYSE: WOR) reported fiscal Q2 2025 results with net sales of $274.0 million, down 8% year-over-year due to SES segment deconsolidation. Despite lower sales, the company achieved improved profitability with adjusted EPS from continuing operations up 5% to $0.60 and adjusted EBITDA increasing 2% to $56.2 million.
The Consumer Products segment saw net sales decrease 2.2% to $116.7 million, while adjusted EBITDA improved due to higher volumes and better margins. The Building Products segment's net sales grew 4% to $157.3 million, driven by Ragasco acquisition. The company maintained strong liquidity with $193.8 million in cash and repurchased 200,000 shares for $8.1 million during the quarter.
Worthington Enterprises (NYSE: WOR) has declared a quarterly dividend of $0.17 per share, payable on March 28, 2025, to shareholders of record on March 14, 2025. The company has maintained its dividend payment tradition since its IPO in 1968. Operating through two main segments - Building Products and Consumer Products - Worthington designs and manufactures market-leading brands focused on safety, health, and lifestyle products. The company will discuss its fiscal second quarter results in an earnings conference call scheduled for December 18, 2024, at 8:30 a.m. ET.
Worthington Enterprises (NYSE: WOR) has announced its upcoming fiscal second quarter 2024 earnings conference call, scheduled for December 18, 2024, at 8:30 a.m. ET. The company will release its financial results after market close on December 17. Investors can participate through a live audio webcast, and a replay will be available on the company's website approximately two hours after the call, remaining accessible for one year.
Worthington Enterprises (NYSE: WOR) has announced Joseph Hayek as its new president and CEO, effective Nov. 1, 2024. Hayek, currently the company's executive vice president, chief financial and operations officer, will replace retiring CEO Andy Rose. The Board of Directors expressed confidence in Hayek's leadership and his ability to drive long-term shareholder value.
Hayek, 52, has been with Worthington for 10 years and played a key role in the company's recent strategic initiative, 'Worthington 2024,' which separated the Steel Processing business and created two standalone public companies. He emphasized his commitment to the company's people-first philosophy and growth strategy.
Additionally, Colin Souza, 36, will become vice president and chief financial officer of Worthington Enterprises, also effective Nov. 1, 2024. Souza is currently vice president of finance and has been with the company since 2011.
Worthington Enterprises (NYSE: WOR) reported its fiscal 2025 first quarter results, ending August 31, 2024. Net sales were $257.3 million, down 17.5% from the previous year. Net earnings from continuing operations were $24.3 million, or $0.48 per diluted share, compared to $26.8 million, or $0.54 per diluted share, in Q1 2024. On a non-GAAP basis, adjusted net earnings were $25.1 million, or $0.50 per diluted share.
The company faced challenges due to higher interest rates and macroeconomic uncertainty affecting demand. Consumer Products saw year-over-year earnings growth despite flat volumes, while Building Products experienced lower volumes and decreased earnings. The company completed the acquisition of Hexagon Ragasco for approximately $100.3 million. Worthington Enterprises maintains a positive long-term outlook and declared a quarterly dividend of $0.17 per common share.
Worthington Enterprises, Inc. (NYSE: WOR) has declared a quarterly dividend of $0.17 per share, payable on December 27, 2024, to shareholders of record on December 13, 2024. The company has consistently paid quarterly dividends since its initial public offering in 1968.
Worthington Enterprises, a designer and manufacturer of market-leading brands, will hold its quarterly earnings conference call on September 25, 2024, at 8:30 a.m. ET to discuss its fiscal first quarter results. The results will be released after market close on September 24, 2024. Interested parties can register for the live audio webcast or access it through the company's investor relations website. A replay will be available in the Investors section of the website approximately two hours after the call and will be archived for one year.
FAQ
What is the current stock price of Worthington (WOR)?
What is the market cap of Worthington (WOR)?
