ADDED
The number of common shares (the only common equity of the registrant) outstanding, as of July 23, 2025 , was 49,823,223 .
DIY Do-it-yourself EPS Earnings per common share Elgen Elgen Manufacturing Company, Inc.
48, Accounting for Uncertainty in Income Taxes fiscal 2022 Our fiscal year ended May 31, 2022 fiscal 2023 Our fiscal year ended May 31, 2023 fiscal 2024 Our fiscal year ended May 31, 2024 fiscal 2025 Our fiscal year ending May 31, 2025 fiscal 2026 Our fiscal year ending May 31, 2026 GAAP U.S.
generally accepted accounting principles GDP Gross domestic product GDPR General Data Protection Regulation of the European Union Gerstenslager Plan The Gerstenslager Company Bargaining Unit Employees Pension Plan GTI General Tools Instruments Company LLC Halo WH Products, LLC Hexagon Hexagon Composites ASA HPG Halo Products Group, LLC HMI The National Association of Home Builders/Wells Fargo Housing Market Index HVAC Heating, ventilation, and air conditioning IRS U.S.
Occupational Safety and Health Administration PSLRA Private Securities Litigation Reform Act of 1995, as amended Record Date Close of business on November 21, 2023 Ragasco Ragasco AS ROU Right of use SEC U.S.
Securities and Exchange Commission Securities Act Securities Act of 1933, as amended Separation The separation of our steel processing business, effective December 1, 2023 SG A Selling, general and administrative expenses Simple SOFR Simple Secured Overnight Financing Rate U.S.
and abroad, including those adopted by the SEC and other governmental agencies as contemplated by the CARES Act, the Consolidated Appropriations Act, 2021, the American Rescue Plan Act of 2021, and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010; the effect of healthcare laws in the U.S.
and potential changes for such laws which may increase our healthcare and other costs and negatively impact our operations and financial results; the effects of tax laws in the U.S.
and potential changes for such laws, which may increase our costs and negatively impact our operations and financial results; cyber security risks; the effects of privacy and information security laws and standards; the seasonality of our operations; the effects of competition and price pressures from competitors; and other risks described from time to time in our filings with the SEC, including those described in Part I Item 1A.
This Form 10-K includes certain financial measures that are not calculated and presented in accordance with GAAP.
REMOVED
The number of common shares (the only common equity of the registrant) outstanding, as of July 24, 2024 , was 50,045,044 .
Form 10-K Summary 94 Signatures 105 i DEFINED TERMS References in this Form 10-K to we, our, us or the Company are collectively to Worthington Enterprises and its consolidated subsidiaries.
generally accepted accounting principles GDP Gross domestic product GDPR General Data Protection Regulation of the European Union Gerstenslager Plan The Gerstenslager Company Bargaining Unit Employees Pension Plan Halo WH Products, LLC Hexagon Hexagon Composites ASA HPG Halo Products Group, LLC HMI The National Association of Home Builders/Wells Fargo Housing Market Index IRS U.S.
NYSE New York Stock Exchange OCI Other comprehensive income (loss) Original Senior Notes Collectively, the Original Series A Senior Note and the Original Series B Senior Notes Original Series A Senior Note The senior unsecured note issued by one of our European subsidiaries on August 23, 2019, in the principal amount of 36,700,000, which had an interest rate of 1.56% and was set to mature on August 23, 2031.
Securities and Exchange Commission Securities Act Securities Act of 1933, as amended Separation The separation of our steel processing business, effective December 1, 2023 Serviacero Serviacero Planos, S.
SG A Selling, general and administrative expenses Simple SOFR Simple Secured Overnight Financing Rate Spartan Spartan Steel Coating, L.L.C.
Topic 606 ASU 2014-09, Revenue from Contracts with Customers TWB TWB Company, L.L.C.
We note these risk factors for investors as contemplated by the PSLRA.
Management believes these non-GAAP measures provide useful supplemental information and additional perspective on the performance of our ongoing operations and should not be considered an alternative to the comparable GAAP financial measure.
The following provides an explanation of each non-GAAP financial measure presented in this Form 10-K: Adjusted operating income (loss) is defined as operating income (loss) excluding the items listed below, and in the accompanying reconciliations to comparable GAAP measures, to the extent naturally included in operating income.