Worthington Enterprises, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended February 29, 2024
March 20, 2024 at 04:49 pm
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Worthington Enterprises, Inc. reported earnings results for the third quarter and nine months ended February 29, 2024. For the third quarter, the company reported sales was USD 316.76 million compared to USD 346.32 million a year ago. Net income was USD 22 million compared to USD 46.33 million a year ago. Basic earnings per share from continuing operations was USD 0.45. Diluted earnings per share from continuing operations was USD 0.44. Basic earnings per share was USD 0.45 compared to USD 0.95 a year ago. Diluted earnings per share was USD 0.44 compared to USD 0.94 a year ago.
For the nine months, sales was USD 926.9 million compared to USD 1,049.69 million a year ago. Net income was USD 142.41 million compared to USD 126.63 million a year ago. Basic earnings per share was USD 2.9 compared to USD 2.61 a year ago. Diluted earnings per share was USD 2.83 compared to USD 2.57 a year ago.
Worthington Enterprises Inc. is a designer and manufacturer of brands that enable people to live safer, healthier and more expressive lives. The Company operates through two primary business segment: building products and, consumer products. The Building Products segment includes cooking, heating, cooling and water solutions, architectural and acoustical grid ceilings and metal framing and accessories. The Consumer Products segment provides solutions for the tools, outdoor living and celebrations categories. Product brands within the Worthington Enterprises portfolio include Balloon Time, Bernzomatic, Coleman, CoMet, Garden-Weasel, General, HALO, Hawkeye, Level5 Tools, Mag Torch, NEXI, Pactool International, PowerCore, Well-X-Trol, and XLite, among others. The Company also serves the global hydrogen ecosystem via a joint venture focused on on-board fueling systems and gas containment solutions. The Company also operates in lightweight, customizable LPG composite cylinders.