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Worthington Industries (WOR)
NYSE:WOR
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.69Last Year’s EPS
0.8Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 18, 2018
|% Change Since: 9.97%
|Next Earnings Date:Sep 26, 2018
Earnings Call Sentiment|Neutral
Worthington Enterprises demonstrated a robust financial performance with increased earnings and improved gross margins. However, the company faced challenges with a decline in overall net sales and issues related to restructuring and customer bankruptcies. Despite these challenges, the company showed strong cash flow, low leverage, and a commitment to sustainability, positioning it well for future growth.Company Guidance
During the Worthington Enterprises Q2 2025 earnings call, the executives provided guidance indicating a solid quarter with notable financial growth despite macroeconomic challenges. The company achieved a 27% gross margin, reflecting an increase of approximately 580 basis points from the previous year, largely due to strategic initiatives and the integration of recent acquisitions like Ragasco. Adjusted EBITDA reached $56 million, up from $55 million in the same quarter last year, with a TTM adjusted EBITDA margin of 20.1%. GAAP earnings from continuing operations were $0.56 per share, an improvement from $0.36 in the prior year, while adjusted earnings per share stood at $0.60. The company emphasized a focus on innovation, sustainability, and strategic acquisitions to drive long-term growth, supported by a strong balance sheet, which includes $194 million in cash and a low net debt to adjusted EBITDA leverage ratio of less than 0.5 turn.Solid Financial Performance
GAAP earnings from continuing operations increased to $0.56 per share from $0.36 in the prior year quarter. Adjusted earnings from continuing operations rose to $0.60 per share from $0.57 per share in Q2 of the prior year.
Gross Margin Improvement
Gross profit for the quarter increased to $74 million compared to $63 million in the prior year quarter, with gross margin increasing approximately 580 basis points to 27%.
Building Products Sales Growth
Building Products reported Q2 net sales of $157 million, a 4% increase from $151 million in the prior year, primarily driven by the acquisition of Ragasco.
Strong Cash Flow and Low Leverage
Cash flow from operations was $49 million, free cash flow was $34 million, and the company closed the quarter with a net debt to trailing adjusted EBITDA leverage ratio of less than 0.5 turn.
Sustainability Initiatives
Announcement of the first sustainable propane cylinder and a $1 million commitment to the West Africa Clean Cooking Fund.
Recognition for Responsibility
Worthington Enterprises was recognized by Newsweek as one of America's most responsible companies.
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WOR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WOR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 17, 2024 | $38.20 | $42.14 | +10.31% |
| Sep 24, 2024 | $45.09 | $42.56 | -5.61% |
| Jun 25, 2024 | $49.75 | $48.05 | -3.42% |
| Mar 20, 2024 | $62.99 | $66.23 | +5.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Worthington Industries (WOR) report earnings?
Worthington Industries (WOR) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Worthington Industries (WOR) earnings time?
Worthington Industries (WOR) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WOR EPS forecast?
WOR EPS forecast for the fiscal quarter 2025 (Q3) is 0.69.
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