WORTHINGTON ENTERPRISES, INC. Earnings Per Share Disclosure
Note N – Earnings per Share
The following table sets forth the computation of basic and diluted EPS for the prior three fiscal years:
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2025 |
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2024 |
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2023 |
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Numerator (basic & diluted): |
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Net earnings from continuing operations attributable to controlling interest |
$ |
96,053 |
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$ |
35,243 |
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$ |
125,751 |
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Denominator (shares in thousands): |
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Basic EPS from continuing operations - weighted average common shares |
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49,395 |
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49,195 |
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48,566 |
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Effect of dilutive securities |
|
736 |
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|
|
1,153 |
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|
|
820 |
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Diluted EPS from continuing operations - weighted average common shares |
|
50,131 |
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50,348 |
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49,386 |
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Basic EPS from continuing operations |
$ |
1.94 |
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$ |
0.72 |
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$ |
2.59 |
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Diluted EPS from continuing operations |
$ |
1.92 |
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$ |
0.70 |
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$ |
2.55 |
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Stock options covering 99,785, 46,778, and 90,570 common shares for fiscal 2025, fiscal 2024 and fiscal 2023, respectively, have been excluded from the computation of diluted EPS because the effect of their inclusion would have been anti-dilutive.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jul 30, 2025 | Showing above |
| 2024 | Jul 30, 2024 | |
| 2023 | Jul 31, 2023 | |
| 2022 | Aug 1, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.