Why Is Worthington Enterprises Stock Diving Premarket On Wednesday?
Why Is Worthington Enterprises Stock Diving Premarket On Wednesday?
Adjusted EBITDA from continuing operations fell to $48.4 million from $65.9 million a year ago quarter. Adjusted EPS of $0.50 missed the consensus of $0.74.Worthington Enterprises, Inc. (NYSE:WOR) shares are trading lower at a premarket on Wednesday after the company reported worse-than-expected first-quarter financial results.
worthington enterprises公司（紐交所：WOR）股票週三盤前交易走低，原因是公司報告的第一季度財務業績低於預期。
On Tuesday, the company reported a net sales decline of 17.5% Y/Y to $257.3 million, missing the consensus of $300.26 million.
週二，該公司報告淨銷售同比下降17.5％至25730萬美元，未達到預期的30026萬美元。
The decline was attributed to the deconsolidation of the former Sustainable Energy Solutions (SES) segment in the fourth quarter of FY24 and lower volumes in the Building Products segment.
下降的原因可歸因於在第24財年第四季度取消合併了前可持續能源解決方案（SES）部門，以及建築產品部門銷量下降。
Adjusted EBITDA from continuing operations fell to $48.4 million from $65.9 million a year ago quarter. Adjusted EPS of $0.50 missed the consensus of $0.74.
來自持續運營的調整後 EBITDA 從去年同期的6590萬美元降至4840萬美元。每股調整後收益爲0.50美元，低於預期的0.74美元。
By segment, Consumer Products' net sales stood at $117.6 million in the quarter, with adjusted EBITDA coming in at $17.8 million. Meanwhile, Building Products generated net sales of $139.7 million, down 15.8% Y/Y, in the quarter.
按部門劃分，消費產品的淨銷售額在該季度爲11760萬美元，調整後的 EBITDA 爲1780萬美元。與此同時，建築產品在該季度創造了13970萬美元的淨銷售額，同比下降15.8％。
As of May 31, 2024, debt remained steady at $300 million and cash stood at $178.5 million.
截至2024年5月31日，債務保持穩定，爲30000萬美元，現金爲17850萬美元。
Dividend: The Board of Directors declared a quarterly dividend of $0.17 per common share, payable on December 27, 2024, to shareholders of record as of December 13, 2024.
股息：董事會宣佈每股普通股0.17美元的季度股息，將於2024年12月27日支付給截至2024年12月13日持股的股東。
In the quarter, the company repurchased 150,000 common shares for $6.8 million, averaging $45.35 per share.
在該季度，該公司以680萬美元回購了15萬股普通股，平均每股45.35美元。
Worthington Enterprises President and CEO Andy Rose stated, "Consumer Products had a solid quarter delivering year over year earnings growth despite flat volumes. Building Products earnings were down on weak volumes in our heating and cooking business, combined with lower contributions from ClarkDietrich, which continued to face some margin compression."
worthington enterprises總裁兼首席執行官安迪·羅斯表示：「儘管產品銷量持平，消費產品在本季度取得了年度盈利增長。建築產品的盈利因我們的供暖和烹飪業務銷量不佳以及ClarkDietrich的貢獻下滑而下降，ClarkDietrich仍在面臨一些利潤擠壓問題。」
"We have a positive long-term outlook especially with the recent recalibration of interest rates. Our market-leading products and brands are well-positioned to take advantage of long-term secular trends and should benefit when near-term headwinds subside and demand normalizes," Rose added.
「尤其是最近利率期貨的重新校準後，我們對長期前景持樂觀態度。我們市場領先的產品和品牌位置良好，能夠利用長期結構性趨勢，並在短期阻力消除、需求恢復正常時獲益，」羅斯補充道。
Price Action: WOR shares are down 5.03% at $43.01 premarket at the last check on Wednesday.
價格走勢：截至上週三最後檢查時，WOR股價預盤下跌5.03%，報43.01美元。
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