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COLUMBUS, Ohio - Worthington Enterprises Inc. (NYSE:WOR), a company with a market capitalization of nearly $3 billion, announced Tuesday a 12% increase in its quarterly dividend, raising the payout to $0.19 per share from the previous $0.17. The company’s strong financial position is reflected in its healthy current ratio of 3.51, indicating robust liquidity.
The dividend will be payable on September 29, 2025, to shareholders of record as of September 15, 2025, according to a company press release.
This marks a continuation of Worthington’s dividend payment history, which dates back to its initial public offering in 1968. The company has consistently paid quarterly dividends since then.
Worthington Enterprises operates through two primary business segments: Building Products and Consumer Products. The Building Products segment focuses on cooking, heating, cooling and water solutions, as well as architectural products. The Consumer Products segment provides tools, outdoor living and celebrations products.
The company plans to discuss its fiscal fourth quarter results during an earnings conference call scheduled for Wednesday, June 25, at 8:30 a.m. ET. The financial results will be released after market close on Tuesday.
Headquartered in Columbus, Ohio, Worthington Enterprises and its joint ventures employ approximately 6,000 people across North America and Europe. The company, which began as Worthington Industries in 1955, manufactures various branded products including Balloon Time, Bernzomatic, Coleman propane cylinders, and several others. With an overall Financial Health Score of "FAIR" from InvestingPro, which offers comprehensive analysis and 13 additional key insights about the company in its Pro Research Report, investors can access detailed metrics and expert analysis to make informed decisions.
In other recent news, Worthington Industries reported strong financial results for the third quarter of fiscal year 2025, surpassing analyst expectations. The company achieved an adjusted earnings per share (EPS) of $0.91, exceeding the forecasted $0.70, and revenue reached $304.5 million, outperforming the anticipated $289.09 million. Canaccord Genuity analysts responded by upgrading Worthington’s stock rating from Hold to Buy and raised the price target to $67, reflecting confidence in the company’s future performance. This upgrade followed a series of meetings with Worthington’s management, which left analysts impressed with the company’s strategic positioning, especially in a tariff-impacted market.
Worthington Industries also reported that its gross margin exceeded consensus expectations, contributing to significant outperformance in adjusted EBITDA and EPS, beating them by roughly 13% and 30%, respectively. The company has launched new products and expanded distribution channels, signaling a focus on long-term growth opportunities. Despite a slight decrease in net sales compared to the previous year, operational improvements and product innovations have bolstered the company’s success. Canaccord Genuity noted that while Worthington’s stock price surge might be overly enthusiastic, the firm’s raised estimates and favorable market conditions could drive a strong earnings narrative in the future. Worthington Industries continues to focus on mergers and acquisitions as part of its growth strategy, supported by a healthy financial position.
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