Worthington Enterprises, Inc. reported a net sales figure of $1.15 billion for the fiscal year ending May 31, 2025, a decrease of 7.4% from the previous year's $1.25 billion. The company experienced an operating loss of $10.7 million, a significant improvement from the $73.5 million loss reported in fiscal 2024. Net earnings from continuing operations attributable to controlling interest rose to $96.1 million, compared to $35.2 million in the prior year, reflecting a notable recovery in profitability. Earnings per share from continuing operations increased to $1.92, up from $0.70 in fiscal 2024.

The fiscal year was marked by significant strategic developments, including the completion of the Separation of Worthington Steel on December 1, 2023, which allowed the company to focus on its core operations. Following the Separation, Worthington Enterprises restructured its operations and reported only continuing operations in its financial statements. The company also made notable acquisitions, including Ragasco, a manufacturer of composite propane cylinders, for approximately $108.6 million, and Halo, an outdoor cooking solutions provider, for $9.6 million. These acquisitions are expected to enhance Worthington's product offerings and market presence.

Operationally, Worthington's Consumer Products segment generated approximately 43% of consolidated net sales, while the Building Products segment accounted for 57%. The Consumer Products segment saw a slight increase in sales to $499.7 million, driven by higher volumes, while the Building Products segment reported sales of $654.1 million, bolstered by contributions from Ragasco. The company maintained a workforce of approximately 3,400 employees, with an additional 2,600 in its unconsolidated joint ventures.

The filing indicated that the company faced challenges related to raw material pricing, particularly steel and aluminum, which impacted its cost structure. The company reported a gross profit of $319 million, an increase of 11.9% from the previous year, attributed to improved product mix and volume. Worthington Enterprises anticipates continued caution in consumer and builder sentiment due to macroeconomic conditions, including high interest rates and inflation, which may affect demand in the near term. The company remains focused on optimizing operations and pursuing strategic investments to drive future growth.

About WORTHINGTON ENTERPRISES, INC.

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