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 Statements of Earnings
(In thousands, except per common share amounts)
| Fiscal Years Ended May 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net sales | $1,245,703 | $1,418,496 | $1,309,189 |
| Cost of goods sold | 960,684 | 1,094,908 | 981,581 |
| Gross profit | 285,019 | 323,588 | 327,608 |
| Selling, general and administrative expense | 283,471 | 287,118 | 281,430 |
| Impairment of goodwill and long-lived assets | 32,975 | 484 | - |
| Restructuring and other (income) expense, net | 29,327 | (367) | (2,616) |
| Separation costs | 12,705 | 6,534 | - |
| Operating income (loss) | (73,459) | 29,819 | 48,794 |
| Other income (expense): | |||
| Miscellaneous income (expense), net | (17,129) | (4,497) | 1,852 |
| Loss on extinguishment of debt | (1,534) | - | - |
| Interest expense, net | (1,587) | (18,298) | (23,852) |
| Equity in net income of unconsolidated affiliates | 167,716 | 153,262 | 183,855 |
| Earnings before income taxes | 74,007 | 160,286 | 210,649 |
| Income tax expense | 39,027 | 34,535 | 52,701 |
| Net earnings from continuing operations | 34,980 | 125,751 | 157,948 |
| Net earnings from discontinued operations | 82,841 | 143,419 | 241,316 |
| Net earnings | 117,821 | 269,170 | 399,264 |
| Net earnings attributable to noncontrolling interests | 7,197 | 12,642 | 19,878 |
| Net earnings attributable to controlling interest | $110,624 | $256,528 | $379,386 |
| Amounts attributable to controlling interest: | |||
| Net earnings from continuing operations | $35,243 | $125,751 | $157,948 |
| Net earnings from discontinued operations | 75,381 | 130,777 | 221,438 |
| Net earnings attributable to controlling interest | $110,624 | $256,528 | $379,386 |
| Earnings per share from continuing operations - basic | $0.72 | $2.59 | $3.16 |
| Earnings per share from discontinued operations - basic | 1.53 | 2.69 | 4.44 |
| Net earnings per share attributable to controlling interest - basic | $2.25 | $5.28 | $7.60 |
| Earnings per share from continuing operations - diluted | $0.70 | $2.55 | $3.10 |
| Earnings per share from discontinued operations - diluted | 1.50 | 2.64 | 4.34 |
| Net earnings per share attributable to controlling interest - diluted | $2.20 | $5.19 | $7.44 |
| Weighted average common shares outstanding - basic | 49,195 | 48,566 | 49,940 |
| Weighted average common shares outstanding - diluted | 50,348 | 49,386 | 50,993 |
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