Worthington Enterprises Declares Quarterly Dividend

TL;DR

WORTHINGTON ENTERPRISES (WOR) declared a $0.13/share dividend, payable Dec 13.

AI Summary

Worthington Enterprises, Inc. announced on September 24, 2024, that its Board of Directors has declared a quarterly cash dividend of $0.13 per share, payable on December 13, 2024, to shareholders of record as of November 15, 2024. This action reflects the company's ongoing commitment to returning value to its shareholders.

Why It Matters

The declaration of a quarterly dividend indicates the company's financial stability and its confidence in future earnings, which can be a positive signal for investors.

Risk Assessment

Risk Level: low — Dividend declarations are routine financial actions and typically carry low inherent risk.

Key Numbers

• $0.13 — Quarterly Dividend Per Share (Amount to be paid to shareholders)

Key Players & Entities

• WORTHINGTON ENTERPRISES, INC. (company) — Registrant
• September 24, 2024 (date) — Date of earliest event reported
• $0.13 (dollar_amount) — Quarterly cash dividend per share
• December 13, 2024 (date) — Payment date for the dividend
• November 15, 2024 (date) — Record date for the dividend

FAQ

Filing Documents

• wor-20240924.htm (8-K) — 207KB
• wor-ex10_1.htm (EX-10.1) — 136KB
• wor-ex99_1.htm (EX-99.1) — 113KB
• 0000950170-24-110367.txt ( ) — 614KB
• wor-20240924.xsd (EX-101.SCH) — 23KB
• wor-20240924_htm.xml (XML) — 4KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition . Worthington Enterprises, Inc. (the "Registrant") conducted a conference call on September 25, 2024, beginning at approximately 8:30 a.m., Eastern Daylight Time, to discuss the Registrant's unaudited financial results for the first quarter ended August 31, 2024. Additionally, the Registrant addressed certain issues related to the outlook for the Registrant and its subsidiaries and their respective markets. A copy of the transcript of the conference call is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this "Form 8-K"). The information contained in this Item 2.02 and in Exhibit 99.1 is being furnished pursuant to Item 2.02 and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, unless the Registrant specifically states that the information is to be considered "filed" under the Exchange Act or incorporates the information by reference into a filing under the Exchange Act or the Securities Act of 1933, as amended. In the conference call, the Registrant discussed financial measures prepared and presented in accordance with accounting principles generally accepted in the United States ("GAAP") as well as non-GAAP financial measures to provide investors with additional information that the Registrant believes allows for increased comparability of the performance of the Registrant's ongoing operations from period to period. Specifically, the Registrant referred to earnings before interest, taxes, depreciation and amortization ("EBITDA") from continuing operations and adjusted EBITDA from continuing operations, each on a consolidated basis, for the Registrant's trailing twelve months ("TTM") ended August 31, 2024. In the table below, the Registrant also presents TTM adjusted EBITDA from continuing operations margin. These measures are non-GAAP financial measu

07. Submission of Matters to a Vote of Security Holders

Item 5.07. Submission of Matters to a Vote of Security Holders . The Registrant held the Annual Meeting on September 24, 2024. At the close of business on July 29, 2024, the record date for the Annual Meeting, there were a total of 50,127,974 common shares of the Registrant outstanding and entitled to vote. At the Annual Meeting, the holders of 45,369,425 (in excess of 90%) of the Registrant's common shares outstanding on the record date were represented by proxy, constituting a quorum. The results of the voting on the proposals presented to the shareholders at the Annual Meeting were as follows: Proposal 1 — Election of Directors Votes For Votes Against Abstentions Broker Non-Votes John B. Blystone 39,858,729 2,273,229 124,342 3,113,125 Mark C. Davis 40,276,683 1,940,585 39,032 3,113,125 John H. McConnell II 40,775,674 1,443,228 37,398 3,113,125 B. Andrew Rose 41,786,072 315,162 155,066 3,113,125 At the Annual Meeting, the shareholders of the Registrant elected each of Mr. Blystone, Mr. Davis, Mr. McConnell and Mr. Rose as a director of the Registrant for a three-year term, expiring at the Annual Meeting of Shareholders occurring in 2027. Proposal 2 — Advisory Vote to Approve the Compensation of the NEOs Votes For Votes Against Abstentions Broker Non-Votes 35,785,258 6,372,695 98,347 3,113,125 At the Annual Meeting, the shareholders of the Registrant approved the advisory resolution to approve the compensation of the Registrant's named executive officers, as described in the Registrant's proxy statement for the Annual Meeting. Proposal 3 — Approve the 2024 LTIP Votes For Votes Against Abstentions Broker Non-Votes 32,964,494 9,154,022 137,784 3,113,125 At the Annual Meeting, the shareholders of the Registrant approved the proposal to approve the 2024 LTIP. Proposal 4 — Ratification of the Selection of Independent Registered Public Accounting Firm Votes For Votes Aga

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits : The following exhibits are included with this Form 8K: Exhibit No. Description 10.1 Worthington Enterprises, Inc. 2024 Long-Term Incentive Plan 99.1 Transcript of Worthington Enterprises, Inc. Earnings Conference Call for First Quarter of Fiscal 2025 (Fiscal Quarter ended August 31, 2024), held on September 25, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Indicates a management contract or compensatory plan or arrangement

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WORTHINGTON ENTERPRISES, INC. Date: September 30, 2024 By: /s/Patrick J. Kennedy Patrick J. Kennedy, Vice President - General Counsel and Secretary

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View this 8-K filing on SEC EDGAR