Latest news with #WorthingtonEnterprises
Globe and Mail
14-07-2025
- Business
- Globe and Mail
4 Stocks Lift Dividends As Much as 33% As Banks Pass Stress Tests
Several prominent stock market players just declared, or announced intentions to declare, large dividend increases. This is particularly true among some of the United States' biggest banks. Many banks announced big capital return plans after they passed the Federal Reserve's 2025 bank stress tests in resounding fashion. These tests evaluate how well these banks can handle a severe recession. After passing, many big banks announced huge buyback programs. However, many also outlined their intentions to boost dividends by as much as 33%. These dividends need approval from each company's Board of Directors. However, this is really just a formality, as dividend increase proposals are almost never struck down. Investors can feel confident that the proposed increases will lead to more income in the future. Let's break down these dividend boosters. All dividend yield and return figures use data as of the July 3 close. The Lone Non-Bank Wolf: Worthington Enterprise Gets 12% Dividend Raise Worthington Enterprises (NYSE: WOR) is one of the more prominent stocks that have boosted dividends recently outside of the banking industry. The company primarily makes pressurized tanks for propane, oxygen, water, and other substances for both commercial and consumer customers. On June 24, the company declared a quarterly dividend of $0.19 per share, a 12% increase over the prior quarter. Note that the word "declared" means that the dividend is officially approved, unlike the three names below. This dividend is payable on Sept. 29 to shareholders of record at the close of business on Sept. 15. Overall, this increased dividend gives the stock an indicated dividend yield of 1.2%. Worthington has been a very strong performer in 2025, with a total return of 64% as it saw record production and shipments in Q1. STT: Bank & Asset Management Hybrid Lifts Dividend of 11% State Street (NYSE: STT) passed the Fed's stress test, as its Stress Capital Buffer (SCB) was ' well below ' the 2.5% floor. This essentially means that in a severe scenario, the change in the company's ability to meet capital requirements was minimal, indicating resilience. Due to this, the company felt comfortable proposing a dividend increase of 11% in Q3, moving the payment up to $0.84. Since the dividend has not yet been officially declared, the record and payout dates are still unknown. Based on history, investors should expect the record date to come in the first few days of October, while the payable date will be approximately 10 days later. Assuming the Board approves the dividend, the stock's indicated dividend yield would be 3%. State Street's largest revenue stream comes from its role as a custodian for asset managers, placing it in the banking industry. However, it is also well known by retail investors for its index-tracking SPDR ETFs. Stress Test Makes Bigger Mark on Goldman, But So Does Its Huge Dividend Boost Another name passing the Fed's test was The Goldman Sachs Group (NYSE: GS). The company said it expects its SCB requirement to be 3.4% after the tests. This means that the company needed a 3.4% buffer to meet its capital requirements in a severe scenario. Thus, this scenario would affect Goldman more than State Street, which needed a buffer of less than 2.5%. But Goldman still passed the test because it has the capital required to account for this larger negative effect. As a result, Goldman announced plans to increase its dividend by a whopping 33%. This would increase the quarterly figure to $4 per share. The record date for this next dividend would likely come at the end of August or the beginning of September. The payable date would be around four weeks later. If approved, Goldman's indicated dividend yield would be nearly 1.1%. BK: Yield Projection Hits 2.3% After Stress Test Win Bank of New York Mellon (NYSE: BK) also passed the Fed's latest bank stress test. The company's SCB was also below the 2.5% floor, putting it in the same highly resilient category as State Street. The firm proceeded by announcing its intention to increase its quarterly dividend by 13% to $0.53 per share. The record date is likely to be in the third or fourth week of July, with the payable date being around 10 days after. Assuming approval, the stock has an indicated dividend yield of 2.3%. Overall, all of these companies are doing what their shareholders want: rewarding them with more cash as they achieve big-time wins. Goldman's striking 33% dividend increase stands out, helping income become a bigger part of its investment case. Where Should You Invest $1,000 Right Now? Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list. They believe these five stocks are the five best companies for investors to buy now...
Washington Post
24-06-2025
- Business
- Washington Post
Worthington Enterprises: Fiscal Q4 Earnings Snapshot
COLUMBUS, Ohio — COLUMBUS, Ohio — Worthington Enterprises, Inc. (WOR) on Tuesday reported profit of $3.9 million in its fiscal fourth quarter. The Columbus, Ohio-based company said it had net income of 8 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were $1.06 per share. The metal manufacturer posted revenue of $317.9 million in the period.
Yahoo
24-06-2025
- Business
- Yahoo
Worthington (NYSE:WOR) Delivers Impressive Q2, Stock Soars
Diversified industrial manufacturing company Worthington (NYSE:WOR) announced better-than-expected revenue in Q2 CY2025, but sales were flat year on year at $317.9 million. Its non-GAAP profit of $1.06 per share was 25.6% above analysts' consensus estimates. Is now the time to buy Worthington? Find out in our full research report. Revenue: $317.9 million vs analyst estimates of $301.1 million (flat year on year, 5.6% beat) Adjusted EPS: $1.06 vs analyst estimates of $0.84 (25.6% beat) Adjusted EBITDA: $85.06 million vs analyst estimates of $69.77 million (26.8% margin, 21.9% beat) Operating Margin: -9.6%, up from -17.6% in the same quarter last year Free Cash Flow Margin: 15.5%, up from 10.6% in the same quarter last year Market Capitalization: $2.96 billion 'We closed fiscal 2025 with a strong fourth quarter, delivering year-over-year and sequential growth in adjusted EBITDA, adjusted EPS and free cash flow,' said Worthington Enterprises President and CEO Joe Hayek. Founded by a steel salesman, Worthington (NYSE:WOR) specializes in steel processing, pressure cylinders, and engineered cabs for commercial markets. A company's long-term performance is an indicator of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Worthington's demand was weak over the last five years as its sales fell at a 17.7% annual rate. This was below our standards and suggests it's a low quality business. We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. Worthington's recent performance shows its demand remained suppressed as its revenue has declined by 40.9% annually over the last two years. Worthington isn't alone in its struggles as the Engineered Components and Systems industry experienced a cyclical downturn, with many similar businesses observing lower sales at this time. Worthington also breaks out the revenue for its most important segments, Consumer Products and Building Products, which are 39.5% and 60.5% of revenue. Over the last two years, Worthington's Consumer Products revenue (cylinders, torches, balloon kits, tools) averaged 8.9% year-on-year declines. On the other hand, its Building Products revenue (refrigerant, cylinders, tanks) averaged 1.3% growth. This quarter, Worthington's $317.9 million of revenue was flat year on year but beat Wall Street's estimates by 5.6%. Looking ahead, sell-side analysts expect revenue to grow 2% over the next 12 months. While this projection indicates its newer products and services will fuel better top-line performance, it is still below average for the sector. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend. Operating margin is one of the best measures of profitability because it tells us how much money a company takes home after procuring and manufacturing its products, marketing and selling those products, and most importantly, keeping them relevant through research and development. Worthington was profitable over the last five years but held back by its large cost base. Its average operating margin of 3.5% was weak for an industrials business. This result isn't too surprising given its low gross margin as a starting point. Analyzing the trend in its profitability, Worthington's operating margin decreased by 6.2 percentage points over the last five years. Worthington's performance was poor no matter how you look at it - it shows that costs were rising and it couldn't pass them onto its customers. This quarter, Worthington generated an operating margin profit margin of negative 9.6%, up 8 percentage points year on year. The increase was solid, and because its operating margin rose more than its gross margin, we can infer it was more efficient with expenses such as marketing, R&D, and administrative overhead. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Worthington's EPS grew at an unimpressive 4.1% compounded annual growth rate over the last five years. This performance was better than its 17.7% annualized revenue declines but doesn't tell us much about its business quality because its operating margin didn't improve. Diving into the nuances of Worthington's earnings can give us a better understanding of its performance. A five-year view shows that Worthington has repurchased its stock, shrinking its share count by 9.4%. This tells us its EPS outperformed its revenue not because of increased operational efficiency but financial engineering, as buybacks boost per share earnings. Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business. For Worthington, its two-year annual EPS declines of 27.4% show it's continued to underperform. These results were bad no matter how you slice the data. In Q2, Worthington reported EPS at $1.06, up from $0.74 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Worthington's full-year EPS of $3.07 to grow 8.2%. We were impressed by how significantly Worthington blew past analysts' EPS and EBITDA expectations this quarter. We were also excited its revenue outperformed Wall Street's estimates. Zooming out, we think this was a solid print. The stock traded up 6.3% to $63.95 immediately after reporting. Indeed, Worthington had a rock-solid quarterly earnings result, but is this stock a good investment here? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free.
Yahoo
24-06-2025
- Business
- Yahoo
Worthington Enterprises: Fiscal Q4 Earnings Snapshot
COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Worthington Enterprises, Inc. (WOR) on Tuesday reported profit of $3.9 million in its fiscal fourth quarter. The Columbus, Ohio-based company said it had net income of 8 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were $1.06 per share. The metal manufacturer posted revenue of $317.9 million in the period. For the year, the company reported profit of $96.1 million, or $1.92 per share. Revenue was reported as $1.15 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on WOR at Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Worthington Enterprises Increases Quarterly Dividend by 12%
COLUMBUS, Ohio, June 24, 2025 (GLOBE NEWSWIRE) -- The Worthington Enterprises Inc. (NYSE: WOR) board of directors today declared a quarterly dividend of $0.19 per share, which represents an increase of $0.02 per share or 12% from the prior quarter. The dividend is payable on September 29, 2025, to shareholders of record on September 15, 2025. The Company has paid a quarterly dividend since its initial public offering in 1968. Worthington Enterprises will hold its quarterly earnings conference call tomorrow at 8:30 a.m. ET. The Company will discuss its fiscal fourth quarter results, which will be released after the market closes this afternoon. Please click here to register for the June 25 live audio webcast or visit For those unable to listen live, a replay will be available in the Investors section of the Company's website approximately two hours after the completion of the call and will be archived for one year. LIVE CONFERENCE CALL DETAILS Date: Wednesday, June 25, 2025 Webcast Link: Starting Time: 8:30 a.m. ET Conference ID: 1777337 Domestic Participants: 888-330-3567 About Worthington Enterprises Worthington Enterprises (NYSE: WOR) is a designer and manufacturer of market-leading brands that improve everyday life by elevating spaces and experiences. The Company operates with two primary business segments: Building Products and Consumer Products. The Building Products segment includes cooking, heating, cooling and water solutions, architectural and acoustical grid ceilings and metal framing and accessories. The Consumer Products segment provides solutions for the tools, outdoor living and celebrations categories. Product brands within the Worthington Enterprises portfolio include Balloon Time®, Bernzomatic®, Coleman® (propane cylinders), CoMet®, Elgen, Garden Weasel®, General®, HALO™, Hawkeye™, Level5 Tools®, Mag Torch®, NEXI™, Pactool International®, PowerCore™, Ragasco®, Well-X-Trol® and XLite™, among others. Headquartered in Columbus, Ohio, Worthington Enterprises and its joint ventures employ approximately 6,000 people throughout North America and Europe. Founded in 1955 as Worthington Industries, Worthington Enterprises follows a people-first Philosophy with earning money for its shareholders as its first corporate goal. Worthington Enterprises achieves this outcome by empowering its employees to innovate, thrive and grow with leading brands in attractive markets that improve everyday life. The Company engages deeply with local communities where it has operations through volunteer efforts and The Worthington Companies Foundation, participates actively in workforce development programs and reports annually on its corporate citizenship and sustainability efforts. For more information, visit Forward-Looking Statements Statements by Worthington Enterprises that are not limited to historical information constitute 'forward-looking statements' under federal securities laws. Forward-looking statements are subject to various risks, uncertainties and other factors that may cause actual results to differ materially from those expected by Worthington Enterprises. Readers should evaluate forward-looking statements in the context of such risks, uncertainties and other factors, many of which are described in Worthington Enterprises' filings with the Securities and Exchange Commission ('SEC'). Forward-looking statements are qualified by the cautionary statements included in Worthington Enterprises' SEC filings and other public communications. This press release speaks only as of the date hereof. Worthington Enterprises does not undertake any obligation to update or revise its forward-looking statements except as required by applicable law or regulation. Sonya L. HigginbothamSenior Vice PresidentChief of Corporate Affairs, Communications and Marcus A. RogierTreasurer and Investor Relations 200 West Old Wilson Bridge Ohio in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
