Financial Performance - TTM adjusted EBITDA from continuing operations is $233,520, with a margin of 19.6%[2] - Net earnings before income taxes attributable to controlling interest for the first quarter 2025 is $31,035, compared to a loss of $26,535 in the fourth quarter 2024[6] - Free cash flow for the three months ended August 31, 2024, is $31,517, derived from net cash provided by operating activities of $41,146 after capital expenditures of $9,629[8] - The ratio of net debt to TTM adjusted EBITDA from continuing operations is 0.52, with net debt calculated at $121,462[9] - The company reported adjusted EBITDA from continuing operations of $48,437 for the first quarter 2025, down from $63,168 in the fourth quarter 2024[6] - The adjusted EBIT for the first quarter 2025 is $32,682, compared to $47,412 in the fourth quarter 2024[6] - The company’s TTM earnings before income taxes margin is 5.8%[2] - The company has a long-term debt of $300,009 as of August 31, 2024[9] Shareholder Approvals - The 2024 Long-Term Incentive Plan was approved by shareholders on September 24, 2024, allowing for the issuance of up to 8,000,000 common shares[10] - Shareholders approved the advisory resolution for the compensation of named executive officers with 35,785,258 votes for, representing approximately 84.5% of the total votes[15] - The proposal to approve the 2024 Long-Term Incentive Plan (LTIP) received 32,964,494 votes for, accounting for about 78.3% of the total votes[15] - KPMG LLP was ratified as the independent registered public accounting firm for the fiscal year ending May 31, 2025, with 45,047,320 votes for, which is approximately 99.4% of the total votes[15] Conference Calls - The company conducted a conference call on September 25, 2024, to discuss its unaudited financial results for the first quarter ended August 31, 2024[3] - The earnings conference call for the first quarter of fiscal 2025 was held on September 25, 2024, covering the fiscal quarter ended August 31, 2024[16] - The 2024 LTIP document is included as an exhibit in the Form 8-K filing[16]
Worthington Industries(WOR_V) - 2024 Q2 - Quarterly Results