Worthington Enterprises, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2023
December 19, 2023 at 04:30 pm EST
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Worthington Enterprises, Inc. reported earnings results for the second quarter and six months ended November 30, 2023. For the second quarter, the company reported sales was USD 1,086.92 million compared to USD 1,175.54 million a year ago. Net income was USD 24.3 million compared to USD 16.22 million a year ago. Basic earnings per share from continuing operations was USD 0.49 compared to USD 0.33 a year ago. Diluted earnings per share from continuing operations was USD 0.49 compared to USD 0.33 a year ago.
For the six months, sales was USD 2,280.17 million compared to USD 2,584.21 million a year ago. Net income was USD 120.41 million compared to USD 80.3 million a year ago. Basic earnings per share from continuing operations was USD 2.46 compared to USD 1.66 a year ago. Diluted earnings per share from continuing operations was USD 2.4 compared to USD 1.63 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 three businesses: building products, consumer products and sustainable energy solutions. The comprehensive portfolio of building products includes heating and cooling solutions, specialized construction products, water systems, ceiling solutions, and metal framing options. The consumer products include tools, outdoor living and celebrations categories sold under brand names Balloon Time, Bernzomatic, Coleman, Garden-Weasel, General, HALO, Hawkeye, Level5 Tools, Mag Torch, Pactool International and Well-X-Trol. The sustainable energy solutions offer on-board fueling systems and services, as well as gas containment solutions and services for the storage, transport, and distribution of industrial gases, supporting the growing hydrogen ecosystem and adjacent sustainable energies like compressed natural gas.