Worthington reports Q2 EPS 49c, consensus 71c

Reports Q2 revenue $1.09B, consensus $1.03B. “This was our last quarter as Worthington Industries, and I am very proud of our people all across the company who stayed focused on serving our customers while we worked hard during the last year to prepare for and ultimately execute the separation of our steel processing business on December 1. Not only did we finish ahead of schedule but I am confident all of our advisors would say the work done was best in class. I could not be more excited for the future of both companies,” said Worthington Enterprises president and CEO Andy Rose. “For the businesses that are part of Worthington Enterprises, the current quarter was solid despite some headwinds. Building Products delivered healthy year-over-year results that were consistent with normal seasonality. While results in Consumer Products and Sustainable Energy Solutions declined year-over-year, both segments delivered sequential improvements in earnings relative to the first quarter and our teams are doing a good job positioning these businesses for a solid start to 2024.”