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.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Equity
(Dollars in thousands, except per common share amounts)
| Controlling Interest | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Additional | |||||||||
| Common Shares · Paid-in · AOCI · Retained · Noncontrolling | |||||||||
| Shares · Amount · Capital · Net of Tax · Earnings · Total · Interests · Total | |||||||||
| Balance at May 31, 2021 | 51,330,347 | $ | - | $282,790 | $45,387 | $1,070,016 | $1,398,193 | $153,502 | $1,551,695 |
| Net earnings | - | - | - | - | 379,386 | 379,386 | 19,878 | 399,264 | |
| Other comprehensive loss | - | - | - | (68,237) | - | (68,237) | - | (68,237) | |
| Common shares issued, net of withholding tax | 284,765 | - | (6,280) | - | - | (6,280) | - | (6,280) | |
| Common shares in non-qualified plans | - | - | 592 | - | - | 592 | - | 592 | |
| Stock-based compensation | - | - | 15,672 | - | - | 15,672 | - | 15,672 | |
| Repurchases and retirement of common shares | (3,235,000) | - | (17,962) | - | (162,286) | (180,248) | - | (180,248) | |
| Purchase of noncontrolling interest in Worthington Taylor, LLC | - | - | (1,373) | - | - | (1,373) | (5,010) | (6,383) | |
| Dividends to noncontrolling interests | - | - | - | - | - | - | (35,160) | (35,160) | |
| Cash dividends declared ($1.12) per common share | - | - | - | - | (56,953) | (56,953) | - | (56,953) | |
| Balance at May 31, 2022 | 48,380,112 | $ | - | $273,439 | $(22,850) | $1,230,163 | $1,480,752 | $133,210 | $1,613,962 |
| Net earnings | - | - | - | - | 256,528 | 256,528 | 12,642 | 269,170 | |
| Other comprehensive loss | - | - | - | (329) | - | (329) | - | (329) | |
| Common shares issued, net of withholding tax | 279,211 | - | (1,780) | - | - | (1,780) | - | (1,780) | |
| Common shares in non-qualified plans | - | - | 726 | - | - | 726 | - | 726 | |
| Stock-based compensation | - | - | 18,414 | - | - | 18,414 | - | 18,414 | |
| Workhorse adoption of ASC 842 | - | - | - | - | 3,600 | 3,600 | - | 3,600 | |
| Dividends to noncontrolling interests | - | - | - | - | - | - | (20,235) | (20,235) | |
| Cash dividends declared ($1.24) per common share | - | - | - | - | (61,900) | (61,900) | - | (61,900) | |
| Balance at May 31, 2023 | 48,659,323 | $ | - | $290,799 | $(23,179) | $1,428,391 | $1,696,011 | $125,617 | $1,821,628 |
| Net earnings | - | - | - | - | 110,624 | 110,624 | 7,197 | 117,821 | |
| Other comprehensive income | - | - | - | 24,350 | - | 24,350 | - | 24,350 | |
| Common shares issued, net of withholding tax | 853,614 | - | (11,399) | - | - | (11,399) | - | (11,399) | |
| Common shares in non-qualified plans | - | - | 417 | - | - | 417 | - | 417 | |
| Stock-based compensation | - | - | 19,216 | - | - | 19,216 | - | 19,216 | |
| Acquisition of Halo | - | - | - | - | - | - | 2,397 | 2,397 | |
| Separation of Worthington Steel | - | - | - | (717) | (901,370) | (902,087) | (131,158) | (1,033,245) | |
| Dividends to noncontrolling interests | - | - | - | - | - | - | (1,920) | (1,920) | |
| Cash dividends declared ($0.96) per common share | - | - | - | - | (48,253) | (48,253) | - | (48,253) | |
| Balance at May 31, 2024 | 49,512,937 | $ | - | $299,033 | $454 | $589,392 | $888,879 | $2,133 | $891,012 |
See notes to consolidated financial statements
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.