WORTHINGTON INDUSTRIES, INC. (NYSE:WOR) Files An 8-K Results of Operations and Financial Condition
Item 2.02.Results of Operations and Financial Condition.
$
374,787
Excludes the impact of the noncontrolling interest.
Item 8.01.Other Events.
On March 20, 2019, the Registrant issued a news release (the “Dividend/Share Repurchase Authorization Release”) reporting that the Board of Directors of the Registrant (the “Board”) had declared a quarterly cash dividend of $0.23 per share in respect of the Registrant’s common shares.The dividend was declared March 20, 2019 and is payable on June 28, 2019 to shareholders of the Registrant of record at the close of business on June 14, 2019.A copy of the Dividend/Share Repurchase Authorization Release is included with this Current Report on Form8‑K as Exhibit99.2 and incorporated herein by reference.
On March 20, 2019, the Board also authorized the repurchase of up to an additional 6,600,000 of the Registrant’s outstanding common shares, increasing the total number of common shares available for repurchase to 10,000,000. A prior authorization to repurchase up to 10,000,000 common shares approved by the Board on September 27, 2017, had 3,400,000 common shares remaining available for repurchase under it. The purchases may occur from time to time, on the open market or in privately negotiated transactions, with consideration given to the market price of the common shares, the nature of other investment opportunities, cash flows from operations, general economic conditions and other appropriate factors.The Dividend/Share Repurchase Authorization Release also reported the authorization of the repurchase of the additional 6,600,000 common shares.
Item 9.01.Financial Statements and Exhibits.
(a) through (c):Not applicable.
(d) Exhibits:
The following exhibits are included with this Current Report on Form8‑K:
WORTHINGTON INDUSTRIES INC Exhibit
EX-99.1 2 wor-ex991_20.htm EX-99.1 wor-ex991_20.htm THOMSON REUTERS EDITED TRANSCRIPT Q3 2019 Worthington Industries Inc Earnings Call EVENT DATE/TIME: MARCH 21,…
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About WORTHINGTON INDUSTRIES, INC. (NYSE:WOR)
Worthington Industries, Inc. is a metals manufacturing company, focused on value-added steel processing and manufactured metal products. The Company’s segments include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. The Steel Processing segment buys coils of steel from integrated steel mills and mini-mills, and also toll processes steel for steel mills, end users, service centers and other processors. The Pressure Cylinders segment manufactures and sells filled and unfilled pressure cylinders, tanks, hand torches, and oil and gas equipment along with various accessories and related products for end use market applications. The Engineered Cabs is a non-captive designer and manufacturer of custom-engineered open and enclosed cabs and operator stations and custom fabrications for heavy mobile equipment used in the agricultural, construction, forestry, mining and military industries. The Other segment includes Construction Services and Worthington Energy Innovations.
