WORTHINGTON ENTERPRISES INC
For the period ended May 31, 2024. Filed Jul 30, 2024.
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FY2024 · Filed Jul 30, 2024
WOR$62.67+3.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| May 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $244,225 | $422,268 |
| Receivables, less allowances of $343 and $803 at May 31, 2024 and May 31, 2023, respectively | 199,798 | 224,863 |
| Inventories: | ||
| Raw materials | 66,040 | 91,988 |
| Work in process | 11,668 | 19,189 |
| Finished products | 86,907 | 83,322 |
| Total inventories | 164,615 | 194,499 |
| Income taxes receivable | 17,319 | 1,681 |
| Prepaid expenses and other current assets | 47,936 | 46,301 |
| Current assets of discontinued operations | - | 978,725 |
| Total current assets | 673,893 | 1,868,337 |
| Investments in unconsolidated affiliates | 144,863 | 138,041 |
| Operating lease assets | 18,667 | 24,686 |
| Goodwill | 331,595 | 336,178 |
| Other intangible assets, net of accumulated amortization of $83,242 and $73,308 at May 31, 2024 and May 31, 2023, respectively | 221,071 | 230,851 |
| Other assets | 21,342 | 14,339 |
| Property, plant and equipment: | ||
| Land | 8,657 | 12,120 |
| Buildings and improvements | 123,478 | 139,514 |
| Machinery and equipment | 321,836 | 403,885 |
| Construction in progress | 24,504 | 24,779 |
| Total property, plant and equipment | 478,475 | 580,298 |
| Less: accumulated depreciation | 251,269 | 323,883 |
| Total property, plant and equipment, net | 227,206 | 256,415 |
| Non-current assets of discontinued operations | - | 782,071 |
| Total assets | $1,638,637 | $3,650,918 |
| May 31, | ||
|---|---|---|
| 2024 | 2023 | |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $91,605 | $126,743 |
| Accrued compensation, contributions to employee benefit plans and related taxes | 41,974 | 46,782 |
| Dividends payable | 9,038 | 18,330 |
| Other accrued items | 29,061 | 37,801 |
| Current operating lease liabilities | 6,228 | 6,682 |
| Income taxes payable | 470 | 8,918 |
| Current maturities of long-term debt | - | 264 |
| Current liabilities of discontinued operations | - | 472,038 |
| Total current liabilities | 178,376 | 717,558 |
| Other liabilities | 62,243 | 71,766 |
| Distributions in excess of investment in unconsolidated affiliate | 111,905 | 117,297 |
| Long-term debt | 298,133 | 689,718 |
| Noncurrent operating lease liabilities | 12,818 | 18,326 |
| Deferred income taxes, net | 84,150 | 82,346 |
| Non-current liabilities of discontinued operations | - | 132,279 |
| Total liabilities | 747,625 | 1,829,290 |
| Shareholders' equity - controlling interest: | ||
| Preferred shares, without par value; authorized - 1,000,000 shares; issued and outstanding - none | - | - |
| Common shares, without par value; authorized - 150,000,000 shares; issued and outstanding, 2024 - 49,512,937 shares, 2023 - 48,659,323 shares | - | - |
| Additional paid-in capital | 299,033 | 290,799 |
| Accumulated other comprehensive income (loss), net of taxes of $(911) and $(5) May 31, 2024 and May 31, 2023, respectively | 454 | (23,179) |
| Retained earnings | 589,392 | 1,428,391 |
| Total shareholders' equity - controlling interest | 888,879 | 1,696,011 |
| Noncontrolling interests | 2,133 | 125,617 |
| Total equity | 891,012 | 1,821,628 |
| Total liabilities and equity | $1,638,637 | $3,650,918 |
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