WORTHINGTON ENTERPRISES, INC.
For the period ended May 31, 2025. Filed Jul 30, 2025.
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FY2025 · Filed Jul 30, 2025
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, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $250,075 | $244,225 |
| Receivables, less allowances of $907 and $343, respectively | 215,824 | 199,798 |
| Inventories: | ||
| Raw materials | 80,522 | 66,040 |
| Work in process | 9,408 | 11,668 |
| Finished products | 79,463 | 86,907 |
| Total inventories | 169,393 | 164,615 |
| Income taxes receivable | 12,720 | 17,319 |
| Prepaid expenses and other current assets | 37,358 | 47,936 |
| Total current assets | 685,370 | 673,893 |
| Investments in unconsolidated affiliates | 129,262 | 144,863 |
| Operating lease assets | 22,699 | 18,667 |
| Goodwill | 376,480 | 331,595 |
| Other intangible assets, net of accumulated amortization of $88,887 and $83,242, respectively | 190,398 | 221,071 |
| Other assets | 20,717 | 21,342 |
| Property, plant and equipment: | ||
| Land | 8,703 | 8,657 |
| Buildings and improvements | 132,742 | 123,478 |
| Machinery and equipment | 372,798 | 321,836 |
| Construction in progress | 33,326 | 24,504 |
| Total property, plant and equipment | 547,569 | 478,475 |
| Less: accumulated depreciation | 277,343 | 251,269 |
| Total property, plant and equipment, net | 270,226 | 227,206 |
| Total assets | $1,695,152 | $1,638,637 |
CONSOLIDATED BALANCE SHEETS
(In thousands, except preferred and common share amounts)
| May 31, | ||
|---|---|---|
| 2025 | 2024 | |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $103,205 | $91,605 |
| Accrued compensation, contributions to employee benefit plans and related taxes | 43,864 | 41,974 |
| Dividends payable | 9,172 | 9,038 |
| Other accrued items | 34,478 | 29,061 |
| Current operating lease liabilities | 6,014 | 6,228 |
| Income taxes payable | 109 | 470 |
| Total current liabilities | 196,842 | 178,376 |
| Other liabilities | 53,364 | 62,243 |
| Distributions in excess of investment in unconsolidated affiliate | 103,767 | 111,905 |
| Long-term debt | 302,868 | 298,133 |
| Noncurrent operating lease liabilities | 17,173 | 12,818 |
| Deferred income taxes, net | 82,901 | 84,150 |
| Total liabilities | 756,915 | 747,625 |
| 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, 2025 - 49,236,449 shares, 2024 - 49,512,937 shares | - | - |
| Additional paid-in capital | 308,608 | 299,033 |
| Accumulated other comprehensive income, net of taxes of $(173) and $(911) May 31, 2025 and May 31, 2024, respectively | 4,050 | 454 |
| Retained earnings | 624,529 | 589,392 |
| Total shareholders' equity - controlling interest | 937,187 | 888,879 |
| Noncontrolling interests | 1,050 | 2,133 |
| Total equity | 938,237 | 891,012 |
| Total liabilities and equity | $1,695,152 | $1,638,637 |
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