Will Seddon's questions to Worthington Enterprises Inc (WOR) leadership • Q1 2025
Question
Will Seddon of CJS Securities, on behalf of Dan Moore, asked about capital allocation priorities, noting the company's strong balance sheet post-Hexagon acquisition. He questioned whether M&A remains the primary focus or if returning cash to shareholders via buybacks would be considered.
Answer
CEO Andy Rose affirmed that building the M&A pipeline is the top priority as part of their aggressive growth strategy. However, he stated they would consider pivoting to share buybacks opportunistically if the right M&A targets at the right price are not available. He clarified that current share repurchases are primarily to offset dilution and a massive buyback would be an opportunistic move.