Worthington Enterprises reported higher sales and earnings for the fourth quarter and full year, raised its quarterly dividend to US$0.20 per share, and appointed former Louisiana-Pacific CEO Brad Southern to its board. The company highlighted a continued focus on acquisitions and reinvestment, supported by a US$500 million undrawn revolving credit facility. Management aims to grow through deals that fit its Building Products platform, though the strategy carries risks if acquisitions fail to deliver profitable growth. The company projects US$1.6 billion in revenue and US$221.9 million in earnings by 2029, requiring 6.0% annual revenue growth and about a US$110 million increase from current earnings of US$111.8 million.
Worthington Industries IncRaised dividend, strong earnings, and $500M credit facility signal financial strength and shareholder returns.
Louisiana-Pacific Corporation