What does distributions to noncontrolling interests mean?

Cash distributions paid to minority interest holders from subsidiaries not fully owned by the parent.

Worthington Enterprises WOR Distributions to noncontrolling interests

Distributions to noncontrolling interests at other companies

CSW Industrials, Inc.CSW

$500K—

WSO

WatscoWSO

$0-100%

Weatherford InternationalWFRD

$13M-35.0%

Chart IndustriesGTLS

$9.5M—

Other financials

Income statement

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Revenue$378.7M+24.4%

Gross profit$109.5M+22.7%

Operating income$31.5M+51.2%

Net income$45.5M+14.6%

EPS (diluted)$0.92+16.5%

Balance sheet

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Cash & equivalents$6.0M-97.3%

Total debt$357.7M+13.1%

Total equity$1.0B+7.0%

Total assets$1.8B+8.4%

Cash flow

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Operating cash flow$61.9M+8.4%

CapEx$13.8M+8.6%

Free cash flow$48.1M+8.4%

Valuation

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Market cap$3.01B+32.1%

Enterprise value$3.36B+42.5%

P/E26.9×—

P/S2.3×+0.3×

Profitability

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Gross margin27.8%+1.4pp

Operating margin1.7%+1.0pp

Net margin8.4%—

FCF margin12.4%-0.1pp

Returns & leverage

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Return on equity11.5%—

Debt / equity0.4×0.0×

Current ratio2.4×-1.2×

Where this comes from

Reported directly by Worthington Enterprises in its filing.

Tagged under the XBRL concept us-gaap:PaymentsOfDividendsMinorityInterest.

The official record: Worthington Enterprises’s 10-Q, filed October 7, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Worthington Enterprises's distributions to noncontrolling interests?: Worthington Enterprises (WOR) reported distributions to noncontrolling interests of $1.92M in Q2 2023.
What does distributions to noncontrolling interests mean?: Cash distributions paid to minority interest holders from subsidiaries not fully owned by the parent.