Worthington Industries, Inc. (NYSE:WOR) Q4 2023 Earnings Call Transcript

And sometimes those opportunities are acquisitions. Sometimes those opportunities are to repurchase our shares when we think there is value there. And it’s a little bit of a blackbox, in terms of where these companies will trade when we separate as you sort of correctly identified. Now, we actually are extremely bullish that both of these companies are going to trade at premiums to their peer groups. But at the end of the day, you know, we’ll have to wait and see how that shakes out. And when that does, that’ll sort of determine where we think the best value to invest our free cash flow is.

John Tumazos : Thank you. I’m just lazy and cranky. I’d like to rebuild my models when you change your segment, [indiscernible]. Thank you.

Tim Adams : Thank you, John.

Operator: [Operator Instructions] And it appears that we have no further questions. I’ll turn it back over to the presenters for any closing comments.

Tim Adams : Great. Thanks, everyone for your time today. We appreciate you joining us and encourage everybody to have a great July 4 holiday. And we’ll speak to you in September. Thanks guys.

Operator: This concludes today’s conference call. You may now disconnect.