Diversified industrial manufacturing company Worthington (NYSE:WOR) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 78.4% year on year to $257.3 million. Its non-GAAP profit of $0.50 per share was also 29.6% below analysts’ consensus estimates.
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Worthington (WOR) Q3 CY2024 Highlights:
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Revenue: $257.3 million vs analyst estimates of $296.1 million (13.1% miss)
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EPS (non-GAAP): $0.50 vs analyst expectations of $0.71 (29.6% miss)
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Gross Margin (GAAP): 24.3%, up from 16.6% in the same quarter last year
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EBITDA Margin: 18.8%, up from 9.5% in the same quarter last year
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Free Cash Flow Margin: 12.2%, up from 2.5% in the same quarter last year
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Market Capitalization: $2.23 billion
“We had another respectable quarter thanks to our team’s focus on managing costs and serving our customers even as…
