Worthington Enterprises Q3 GAAP EPS rises to $0.79 from $0.44; net sales fall 3.9%
Worthington Enterprises furnished a transcript of its March 26, 2025 call on unaudited third-quarter fiscal 2025 results (quarter ended February 28, 2025), which it had previously reported in a March 25 earnings release. Third-quarter GAAP earnings from continuing operations were $0.79 per share, up from $0.44, while net sales fell 3.9% to $305 million because the former Sustainable Energy Solutions segment was deconsolidated, and the company said sales grew more than 8% excluding that segment in both periods.
- GAAP earnings from continuing operations of $0.79 per share versus $0.44 a year earlier; adjusted earnings of $0.91 per share versus $0.80.
- Net sales of $305 million, down 3.9% from $317 million; the former SES segment contributed $35 million in sales last year.
- Adjusted EBITDA of $74 million versus $67 million a year earlier; trailing 12-month adjusted EBITDA of $242 million.
- Board declared a quarterly dividend of $0.17 per share, payable in June 2025; free cash flow was $44 million in the quarter.