Worthington Enterprises Declares Quarterly Dividend
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Insights
The announcement of Worthington Enterprises, Inc.'s quarterly dividend is a key financial event for shareholders. The consistent payment of dividends since 1968 signifies a stable cash flow and a commitment to returning value to investors. The declaration of $0.16 per share aligns with the company's historical payout patterns, suggesting a steady financial position.
Dividends are often a reflection of a company's financial health and future outlook. In this case, the maintained dividend could signal confidence from the board in Worthington's ongoing profitability and cash generation capabilities. However, investors should consider the dividend yield in the context of the current share price and compare it with sector averages to assess attractiveness.
Additionally, the upcoming earnings call is an important event for investors to gain insights into the company's performance, particularly as it relates to the pre-separation consolidated results. Such financial disclosures are critical in assessing the company's operational efficiency, market position and strategic direction.
It is essential for stakeholders to review the full earnings report and listen to the conference call to understand the nuances of the company's financial health and strategic initiatives. The ability to access a replay of the call provides an opportunity for a detailed analysis of management's commentary for those who cannot attend live.
Worthington Enterprises operates in a space where brand reputation and market leadership are pivotal. As a designer and manufacturer of products aimed at enhancing safety, health and expression, the company's performance is likely influenced by consumer trends and regulatory environments.
Investors should evaluate the company's quarterly results in light of the broader economic conditions and industry-specific challenges. Factors such as raw material costs, supply chain efficiency and competitive pressures are crucial in understanding the company's operational dynamics and potential for sustained growth.
The reference to the 'pre-separation consolidated Worthington Industries' suggests recent or upcoming structural changes that could have significant implications for the company's strategy and financials. Understanding the context and rationale behind these changes will be essential for stakeholders to assess future prospects.
COLUMBUS, Ohio, Dec. 19, 2023 (GLOBE NEWSWIRE) -- The Worthington Enterprises, Inc. (NYSE: WOR) Board of Directors today declared a quarterly dividend of
Worthington Enterprises, a designer and manufacturer of market-leading brands that help enable people to live safer, healthier and more expressive lives, will hold its quarterly earnings conference call tomorrow at 9 a.m. ET. Company executives will discuss fiscal second quarter results, which will reflect the performance of the pre-separation consolidated Worthington Industries. Results will be released later today after the market closes.
A live audio webcast of the December 20 call will be available at IR.worthingtonenterprises.com. For those unable to listen live, a replay will be available in the Investors section of the Company’s website approximately two hours after the completion of the call and will be archived for one year.
LIVE CONFERENCE CALL SCHEDULE
| Date: | Wednesday, December 20, 2023 | |
| Starting Time: | 9 a.m. ET | |
| Conference ID: | 1777337 | |
| Domestic Participants: | 888-330-3567 |
About Worthington Enterprises
Worthington Enterprises (NYSE: WOR) is a designer and manufacturer of market-leading brands that help enable people to live safer, healthier and more expressive lives. The Company operates with three segments: Building Products, Consumer Products and Sustainable Energy Solutions. Worthington’s emphasis on innovation and transformation extends to building products including water systems, heating and cooling solutions, architectural and acoustical grid ceilings and metal framing and accessories, and consumer products in tools, outdoor living and celebrations categories sold under brand names Coleman®, Bernzomatic®, Balloon Time®, Level5 Tools®, Mag Torch®, Well-X-Trol®, General®, Garden-Weasel®, Pactool International® and Hawkeye™. The Company serves the growing global hydrogen ecosystem through on-board fueling systems and gas containment solutions.
Headquartered in Columbus, Ohio, Worthington Enterprises employs approximately 5,000 people throughout North America and Europe.
Founded in 1955 as Worthington Industries, Worthington Enterprises follows a people-first Philosophy with earning money for its shareholders as its first corporate goal. Worthington Enterprises achieves this outcome by empowering its employees to innovate, thrive and grow with leading brands in attractive markets that improve everyday life. The Company engages deeply with local communities where it has operations through volunteer efforts and The Worthington Companies Foundation, participates actively in workforce development programs and reports annually on its corporate citizenship and sustainability efforts. For more information, visit worthingtonenterprises.com.
Sonya L. Higginbotham
Senior Vice President
Chief of Corporate Affairs, Communications and Sustainability
614.438.7391
sonya.higginbotham@wthg.com
Marcus A. Rogier
Treasurer and Investor Relations Officer
614.840.4663
marcus.rogier@wthg.com
200 Old Wilson Bridge Rd.
Columbus, Ohio 43085
WorthingtonEnterprises.com
FAQ
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