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, Inc. (NYSE: WOR) is regularly featured in corporate and financial news as a designer and manufacturer of brands and products that it describes as improving everyday life by elevating spaces and experiences. The company operates through two primary segments, Building Products and Consumer Products, and its disclosures highlight activity across both areas.
News coverage of Worthington Enterprises often centers on its financial performance and outlook. The company issues periodic earnings releases for its fiscal quarters, accompanied by conference calls and investor presentations. These updates discuss net sales, earnings, cash flow, segment performance and the use of non-GAAP measures such as adjusted EBITDA, along with commentary on factors influencing Building Products and Consumer Products.
Another recurring theme in WOR news is corporate development activity. Worthington Enterprises has announced acquisitions aligned with its Building Products segment, including Elgen Manufacturing, which designs and manufactures HVAC parts, components, ductwork and structural framing for commercial buildings, and an agreement to acquire LSI Group, a manufacturer of standing seam metal roof clips and retrofit components for commercial metal roofs. Such announcements provide insight into how the company expands its presence in the building envelope, commercial HVAC and roofing-related markets.
Investors and followers of WOR can also find updates on dividends, board appointments and participation in investor conferences. The company reports that it has paid a quarterly dividend since its initial public offering in 1968, and its news releases describe ongoing quarterly dividend declarations. Additional items include scheduling notices for earnings calls, participation in events such as the Baird Global Industrial Conference, the Canaccord Genuity Growth Conference and the CJS Securities New Ideas for the New Year conference, and commentary from management on strategy, the Worthington Business System and long-term shareholder value.
For those tracking WOR, the news flow provides a view into segment trends, acquisition activity, capital allocation decisions such as share repurchases and dividends, and the company’s communication with the investment community.
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.
Worthington Enterprises (NYSE: WOR) has released its 2024 Corporate Citizenship and Sustainability Report, highlighting achievements in four key areas: People First, Process and Planet, Sustainable Products, and Responsible Governance. The company aims to balance people, planet, and prosperity for a sustainable future.
Notable milestones include:
- Establishing corporate sustainability goals aligned with UN Sustainable Development Goals
- Outperforming industry average safety rates by 36%
- Achieving 86% participation in employee engagement surveys
- Reducing environmental impact by diverting 85% of waste from landfills
- Decreasing global market-based GHG emissions intensity by 23% compared to 2020
- Investing in climate resilience, saving $3.9 million over three fiscal years
- Allocating 89% of total annual spend to U.S. suppliers
- Contributing $3 million to 73 non-profit organizations
- Committing $7.5 million to pediatric research at Nationwide Children's Hospital
The report adheres to GRI Standards and incorporates SASB and TCFD elements. Worthington Enterprises received recognition from various organizations for its sustainability efforts in FY24.
Worthington Enterprises (NYSE: WOR) has announced its fiscal first quarter 2025 earnings conference call, scheduled for September 25, 2024, at 8:30 a.m. ET. The company will release its financial results after market close on September 24. Investors can access the live audio webcast through the company's website, with a replay available for one year post-call.
Worthington Enterprises operates in two primary segments: Building Products and Consumer Products. The company designs and manufactures market-leading brands across various categories, including cooking, heating, cooling, tools, and outdoor living. Notable brands include Balloon Time®, Bernzomatic®, and Coleman®. Additionally, Worthington is involved in the global hydrogen ecosystem through a joint venture focused on fueling systems and gas containment solutions.