Worthington Enterprises Q4 Miss, Shares Down 9%

Worthington Enterprises Q4 Miss, Shares Down 9%

Worthington Enterprises Inc. (NYSE:WOR) reported fourth‑quarter results for the period ended May 31, 2026 that fell short of analyst expectations, prompting an 8.8% after‑hours decline in its share price. Adjusted earnings per share were $0.97, missing the consensus estimate of $1.06. Revenue reached $371.5 million, below the $386.49 million forecast, although it represented a 17% increase from $317.9 million in the comparable quarter of the prior year. The revenue growth comprised $44.1 million attributable to recent acquisitions and a 3% contribution from organic growth. Adjusted EBITDA declined to $83.5 million from $85.1 million year‑over‑year.

In the Building Products segment, net sales climbed 27.6% to $245.3 million, primarily driven by acquisitions, but adjusted EBITDA fell by $2.7 million due to a $6.8 million reduction in equity‑income contributions from ClarkDietrich and an unfavorable product mix. The Consumer Products segment posted net sales of $126.1 million, essentially flat year‑over‑year, while its adjusted EBITDA improved by $3.5 million to $24.3 million.

For the full fiscal year 2026, the company recorded net sales of $1.4 billion, a 20% increase, and adjusted EPS rose to $3.37 from $3.09 in the prior year. Free cash flow in the fourth quarter amounted to $55.1 million, up from $49.3 million in the same quarter last year. During the quarter, Worthington repurchased 350,000 common shares for $18.2 million and declared a quarterly dividend of $0.20 per share, representing a 5% increase. President and CEO Joe Hayek stated that the company “closed fiscal 2026 with another quarter of solid performance, delivering positive organic growth and strong free cash flow while continuing to execute our strategy.”