Worthington Industries, Inc. ( (WOR) ) has released its Q3 earnings. Here is a breakdown of the information Worthington Industries, Inc. presented to its investors.
Worthington Enterprises Inc., a prominent designer and manufacturer in the building and consumer products sectors, has announced its fiscal 2025 third-quarter results, highlighting its strategic focus on market-leading brands and innovative solutions. The company reported a 4% decrease in net sales to $304.5 million, primarily due to the deconsolidation of its former Sustainable Energy Solutions segment, although this was partially offset by growth in volume and contributions from the recently acquired Ragasco business. Despite the decline in sales, Worthington achieved a 30% increase in earnings before income taxes, reaching $52.6 million, and a significant 80% rise in diluted earnings per share from continuing operations to $0.79. The company also saw a 14% growth in operating cash flow to $57.1 million and repurchased 150,000 shares of common stock for $6.2 million. Worthington’s Consumer Products segment experienced a 4.9% increase in net sales, driven by higher volumes, while the Building Products segment saw an 11.2% rise, supported by Ragasco’s contributions and a favorable product mix. Looking ahead, Worthington’s management remains optimistic about driving long-term growth and delivering shareholder value, emphasizing its strong balance sheet and disciplined capital allocation strategy as key enablers for future investments and strategic initiatives.