Worthington Enterprises (WOR) Q1 FY2027 earnings

Reported results

• Consolidated sales increased 13% to $344 million, with organic sales growth of 7%; recent acquisitions contributed $19 million in net sales
• Adjusted EBITDA increased 10% to $74 million with adjusted EBITDA margin of 21.5%; trailing 12-month adjusted EBITDA increased to $303 million
• Adjusted EPS was $0.82 compared to $0.78 in the prior year quarter; GAAP EPS was $0.87 versus $0.70, including $0.05 per share net benefit from nonrecurring and restructuring items
• Free cash flow increased to $54 million from $28 million in the prior year quarter; trailing 12-month free cash flow reached $196 million with 116% conversion rate relative to adjusted net earnings
• Building Performance Solutions segment sales grew 16% to $215 million with adjusted EBITDA essentially flat at $60 million (27.8% margin); organic sales increased 6% driven by Water and European businesses
• Trade and Specialty Solutions segment sales grew 8% to $129 million with adjusted EBITDA increasing to $24 million from $16 million (margin expanded to 18.6% from 13.6%); growth driven by volumes, pricing, and tariff refunds

Guidance

• ASME tank revenues for data centers expected to grow sequentially quarter-over-quarter through the balance of fiscal year 2027, with $13 million shipped in Q1 FY2027 compared to $13 million for the entire fiscal year 2026
• Building Performance Solutions segment expected to benefit from normalization of Cooling and Construction business as channel inventories rightsize and prior year A2L comparison difficulties ease in Q3 and Q4
• Q2 expected to remain a difficult year-over-year comparison for Cooling and Construction due to prior year A2L-related volumes
• Quarterly dividend declared of $0.20 per share payable in December 2026

Notes

Q1 FY2027 adjusted EPS of $0.82 excludes $0.05 per share net benefit from nonrecurring and restructuring items (primarily from contingent earn-out gain on 2021 oil and gas divestiture). Included in adjusted earnings was approximately $4 million or $0.06 per share pretax benefit from IEEPA tariff refunds. Steel availability constraints cost approximately a few million dollars in the quarter due to extended lead times and production scheduling disruptions. Company renamed segments: Building Products now called Building Performance Solutions; Consumer Products now called Trade and Specialty Solutions. Investor Day scheduled for November 10 in New York.

Price and volatility reaction

The stock moved -2.2% on the print. No front-expiry chain was on file, so there is no straddle expected move.

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-25 (8-K, Item 2.02). Read the original filing on sec.gov.