Worthington Enterprises (WOR) Q4 2026 Financial Results Summary
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Worthington Enterprises (WOR) Q4 2026: Strong Growth and Improved Profitability — Positive Outlook
Worthington Enterprises Inc. (NYSE: WOR) reported its fourth quarter and full-year fiscal 2026 results, showcasing significant growth and profitability improvements compared to the prior year.
Key Findings
- Net Sales: Increased to $371.5 million, up $53.6 million or 17% from $317.9 million in Q4 2025.
- Net Earnings: Rose to $48.1 million, a substantial increase from $3.6 million, marking a 1,233% growth.
- Earnings Per Share (EPS): Improved to $0.97 from $0.08 per share.
- Adjusted EBITDA: Reported at $83.5 million, slightly down from $85.1 million in the previous year.
- Free Cash Flow: Increased to $55.1 million, up from $49.3 million.
Analyst View
This quarter represents a strong performance for Worthington Enterprises, significantly beating last year's results across multiple metrics. The substantial increase in net earnings and EPS reflects effective management strategies and successful integration of recent acquisitions. The company’s ability to generate robust free cash flow further enhances its financial stability and provides flexibility for future investments.
Detailed Metrics
- Net Sales:
- Q4 2026: $371.5 million
- Q4 2025: $317.9 million
- Year-over-Year Growth: $53.6 million or 17%
- Net Earnings:
- Q4 2026: $48.1 million
- Q4 2025: $3.6 million
- Year-over-Year Growth: $44.5 million or 1,233%
- EPS – Diluted:
- Q4 2026: $0.97
- Q4 2025: $0.08
- Adjusted EBITDA:
- Q4 2026: $83.5 million
- Q4 2025: $85.1 million
- Free Cash Flow:
- Q4 2026: $55.1 million
- Q4 2025: $49.3 million
- Operating Cash Flow:
- Q4 2026: $71.6 million
- Q4 2025: $62.4 million
Shareholder Returns
Worthington Enterprises declared a quarterly dividend of $0.20 per common share, payable on September 29, 2026, to shareholders of record at the close of business on September 15, 2026. This represents a 5% increase, or $0.01 per share, compared to the prior quarter. Additionally, the company repurchased 350,000 common shares for $18.2 million, leaving 4,565,000 shares available under its existing repurchase authorization.
Forward-Looking Catalysts
As Worthington Enterprises enters fiscal 2027, investors should watch for the integration of recent acquisitions, including Elgen Manufacturing and LSI Group, which are expected to enhance the company’s building products portfolio. The management's focus on innovation and strategic M&A will be crucial in maintaining growth momentum. Additionally, the upcoming quarterly conference call on June 24, 2026, will provide further insights into the company's strategic direction and operational performance.
In conclusion, Worthington Enterprises has delivered an impressive quarter, marked by significant growth in sales and earnings, alongside a commitment to returning value to shareholders. The outlook for the upcoming fiscal year appears promising, driven by strategic initiatives and a strong financial position.
Here are the extracted tables in Markdown format:
WORTHINGTON ENTERPRISES, INC. CONSOLIDATED STATEMENTS OF EARNINGS (In thousands, except per common share amounts)
Note: The amounts in the following tables are in thousands/millions.
| Three | Ended May | 2026 | 2025 |
|---|---|---|---|
| 31, 2026 | 31, 2025 | ||
| Net | $371.5 | $317.9 | $1,380 |
| Cost of goods sold | 269 | 224 | 1,000 |
| Gross profit | 101 | 93.2 | 378 |
| Selling, general and administrative expenses | 77 | 71.4 | 294 |
| Impairment of long-lived assets | - | 50.8 | - |
| Restructuring and other expenses, net | 794 | 1,372 | 7,100 |
| Operating income (loss) | 23 | (30) | 76.2 |
| Other income (expense), net | 1.3 | (4.0) | (3.2) |
| Interest expense, net | (2) | 60 | (6.2) |
| Equity in net income of unconsolidated affiliates | (2) | 42.7 | (1) |
| Net earnings before income taxes | 59 | 8,331 | 128 |
| Income tax expense | 11 | 4,717 | 46 |
| Net earnings | 48 | 3,614 | 155 |
| Less: Net earnings attributable to noncontrolling interests | (81) | (263) | (1,000) |
| Net earnings attributable to controlling interests | $48.1 | $3,877 | $156 |
| Diluted weighted average common shares outstanding | 48.1 | 49.2 | 49 |
| Earnings per share attributable to controlling interests | $0.99 | $0.08 | $3.18 |
| Cash dividends declared per common share | $0.19 | $0.17 |
WORTHINGTON ENTERPRISES, INC. CONSOLIDATED BALANCE SHEETS (In thousands)
| Assets | May 31 | |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $27,725 | $250,075 |
| Receivables, less allowances of $1,310 and $907, respectively | 228,168 | 215,824 |
| Inventories | ||
| Raw materials | 110,536 | 80,522 |
| Work in process | 9,490 | 9,408 |
| Finished products | 87,270 | 79,463 |
| Total inventories | 207,296 | 169,393 |
| Income taxes receivable | 20,016 | 12,720 |
| Prepaid expenses and other current assets | 41,269 | 37,358 |
| Total current assets | 524,474 | 685,370 |
| Investments in unconsolidated affiliates | 118,048 | 129,262 |
| Operating lease assets | 42,888 | 22,699 |
| Goodwill | 500,784 | 376,480 |
| Other intangible assets, net of accumulated amortization of $106,944 and $88,887, respectively | 322,761 | 190,398 |
| Other assets | 28,215 | 20,717 |
| Property, plant and equipment: | ||
| Land | 8,732 | 8,703 |
| Buildings and improvements | 136,441 | 132,742 |
| Machinery and equipment | 411,030 | 372,798 |
| Construction in progress | 66,509 | 33,326 |
| Total property, plant and equipment | 622,712 | 547,569 |
| Less: accumulated depreciation | 311,818 | 277,343 |
| Total property, plant and equipment, net | 310,894 | 270,226 |