WORTHINGTON ENTERPRISES, INC. (WOR) FY2025 10-K Annual Report

Filed: Jul 30, 2025
Materials
Steel Works, Blast Furnaces & Rolling & Finishing MillsSEC EDGAR

WORTHINGTON ENTERPRISES, INC. (WOR) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Jul 30, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

WORTHINGTON ENTERPRISES, INC. FY2025 10-K Analysis

Business Overview

  • Core business model: Manufacture and sale of tools, outdoor living products, propane cylinders, and pressurized containment solutions via Consumer and Building Products segments
  • New emphasis on acquisitions: Acquired Ragasco ($108.6M) expanding composite propane cylinders, and majority stake in Halo ($9.6M) for outdoor cooking tech solutions
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Management Discussion & Analysis

  • Operating cash flow $209.7M in FY2025, down from $290.0M in FY2024, decrease due to lower net earnings and joint venture dividends
  • Investing cash outflow $135.1M in FY2025 driven by $95.0M Ragasco acquisition and $50.6M capex, partially offset by $11.5M asset sale proceeds
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Risk Factors

  • Regulatory risk: U.S. Section 232 aluminum tariffs increased from 25% to 50% in Q4 fiscal 2025, raising costs for aluminum-intensive components
  • Macroeconomic threat: U.S. GDP contracted 0.5% annualized in Q1 calendar 2025, signaling weakening demand across key end markets
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WORTHINGTON ENTERPRISES, INC. FY2025 Key Financial Metrics
XBRL

Revenue

$1.2B

-7.4% YoY

Net Income

$96M

-13.2% YoY

Gross Margin

27.7%

+477bp YoY

Operating Margin

-0.9%

+497bp YoY

Net Margin

8.3%

-56bp YoY

ROE

10.2%

-220bp YoY

Total Assets

$1.7B

+3.4% YoY

EPS (Diluted)

$1.92

-12.7% YoY

Operating Cash Flow

$210M

-27.7% YoY

Source: XBRL data from WORTHINGTON ENTERPRISES, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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