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 Statements of Earnings
(In thousands, except per common share amounts)
| Fiscal years Ended May 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Net sales | $1,153,762 | $1,245,703 | $1,418,496 |
| Cost of goods sold | 834,727 | 960,684 | 1,094,908 |
| Gross profit | 319,035 | 285,019 | 323,588 |
| Selling, general and administrative expense | 268,413 | 283,471 | 287,118 |
| Impairment of goodwill and long-lived assets | 50,813 | 32,975 | 484 |
| Restructuring and other expense (income), net | 10,524 | 29,327 | (367) |
| Separation costs | - | 12,705 | 6,534 |
| Operating income (loss) | (10,715) | (73,459) | 29,819 |
| Other income (expense): | |||
| Miscellaneous expense, net | (3,222) | (17,129) | (4,497) |
| Loss on extinguishment of debt | - | (1,534) | - |
| Interest expense, net | (2,090) | (1,587) | (18,298) |
| Equity in net income of unconsolidated affiliates | 144,836 | 167,716 | 153,262 |
| Earnings before income taxes | 128,809 | 74,007 | 160,286 |
| Income tax expense | 33,839 | 39,027 | 34,535 |
| Net earnings from continuing operations | 94,970 | 34,980 | 125,751 |
| Net earnings from discontinued operations | - | 82,841 | 143,419 |
| Net earnings | 94,970 | 117,821 | 269,170 |
| Net earnings (loss) attributable to noncontrolling interests | (1,083) | 7,197 | 12,642 |
| Net earnings attributable to controlling interest | $96,053 | $110,624 | $256,528 |
| Amounts attributable to controlling interest: | |||
| Net earnings from continuing operations | $96,053 | $35,243 | $125,751 |
| Net earnings from discontinued operations | - | 75,381 | 130,777 |
| Net earnings attributable to controlling interest | $96,053 | $110,624 | $256,528 |
| Earnings per share - basic: | |||
| Continuing operations | $1.94 | $0.72 | $2.59 |
| Discontinued operations | - | 1.53 | 2.69 |
| Consolidated | $1.94 | $2.25 | $5.28 |
| Earnings per share - diluted: | |||
| Continuing operations | $1.92 | $0.70 | $2.55 |
| Discontinued operations | - | 1.50 | 2.64 |
| Consolidated | $1.92 | $2.20 | $5.19 |
| Weighted average common shares outstanding - basic | 49,395 | 49,195 | 48,566 |
| Weighted average common shares outstanding - diluted | 50,131 | 50,348 | 49,386 |
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