Worthington Industries, Inc. (NYSE:WOR) Q3 2024 Earnings Call Transcript

Joseph Hayek: Yeah. That mean if you get away from the LCM, which again, we think was one-time, its couple million dollars. The big factor was mix, honestly and it’s that destocking in those largest propane tanks, every kind of I think facet around home goods, building products, some consumer goods, right, had a post-COVID run up and then kind of a post-COVID trough. That’s just what’s happening in that business. The water business was solid, our other businesses — a couple of other businesses were around some of the large kind of refillable refrigerant tanks. Those sort of slowed year-over-year just because of the same dynamics that destocking. But other than that, there were a couple of puts and takes, but those are the real drivers.

Brian Biros: Thank you.

Andy Rose: Sure.

Operator: There are no further questions at this time. I’ll turn the call to Andy Rose for closing remarks.

Andy Rose: So, as I said last quarter, we’re proud of our history and who we are today, but we’re mostly excited for our future. We’re determined to leverage our capabilities to reward our employees, our customers, our suppliers, and our shareholders. As our Founder, John McConnell once said in a speech in 1980, we’ve only scratched the surface. That quote is as true today as it was back then and I think it represents how we all feel about Worthington Enterprises and the opportunity in front of us. Thanks for joining us today. We’ll see you in the next quarter.

Operator: This concludes today’s conference call. We thank you for joining. You may now disconnect your lines.