Filing Flows › Worthington Enterprises (WOR) › Q3 FY25
Worthington Enterprises (WOR) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Apr 9, 2025
Worthington Enterprises (WOR) reported revenue of $305M for the third quarter fiscal 2025 (Q3 FY25), -4% from a year earlier and +11% from the quarter before. Operating margin was 6.9%, net earnings $39.7M (13.0% of revenue).
Worthington Enterprises, Q3 FY25: revenue $305M (-4% year over year), operating margin 6.9%, net earnings $39.7M, operating cash flow $57.1M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $305M | +11% | -4% |
| Gross profit | $89.2M | +21% | +22% |
| Operating profit | $20.9M | +493% | +387% |
| Net earnings | $39.7M | +40% | +80% |
| Operating cash flow | $57.1M | +16% | +14% |
| Free cash flow | $44.4M | +31% | +11% |
What changed
Revenue was $304.5M in Q3 FY25, down 4% year over year and up 11% from the previous quarter.
Gross margin was 29.3%, up 6.2 points from a year earlier. Operating profit was $20.9M, a 6.9% margin (up 5.5 points year over year). Operating expenses fell 1% while revenue fell 4%. The fastest-growing cost line was Other operating costs (+45%). Net earnings were $39.7M, up 80% year over year ($39.3M including minority interests, which bore $324K of losses). The effective tax rate was 25.2%. Non-operating items added $31.7M, 60% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $57.1M (up 14% year over year), 145% of net earnings. Non-cash charges added back $11.9M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $2.9M. Capital expenditures of $12.7M left free cash flow of $44.4M.
Questions
What was Worthington Enterprises' revenue in the third quarter fiscal 2025?
Worthington Enterprises (WOR) reported revenue of $305M for the third quarter fiscal 2025 (Q3 FY25), -4% from a year earlier and +11% from the quarter before.
Was Worthington Enterprises profitable in the third quarter fiscal 2025?
Operating profit was $20.9M (6.9% of revenue) and net earnings $39.7M.