Worthington Earnings Reports

Worthington Enterprises delivered solid results in Q2 2026, driven by strong performance in its Building Products segment. While net income slightly declined, adjusted earnings and revenue rose meaningfully, and the company announced a strategic acquisition.

Worthington Enterprises delivered an 18% increase in revenue, improved profitability, and strong adjusted EBITDA margin, driven by the Elgen acquisition and strong Building Products performance.

Worthington Enterprises delivered a strong Q4 with significant growth in adjusted earnings and free cash flow, driven by performance in Building Products and contributions from the Ragasco acquisition.

In Q3 2025, Worthington Enterprises delivered higher net income and adjusted EPS, driven by stronger volumes and favorable product mix, despite a 4% decline in net sales due to the deconsolidation of SES. Operating cash flow and free cash flow both showed healthy growth.

Worthington Enterprises reported a solid second quarter with adjusted earnings per share of $0.60 compared to $0.57 in the prior year. Net sales were $274 million, down 8.1% year-over-year, while gross profit increased to $74 million. Adjusted EBITDA was $56 million, up slightly from $55 million in the prior year. The company is focused on optimizing margins and pursuing strategic acquisitions.

Worthington Enterprises reported a respectable quarter with net sales of $257.3 million and net earnings from continuing operations of $24.3 million, or $0.48 per diluted share. The results were impacted by persistent higher interest rates and macroeconomic uncertainty which continued to impact demand.

Worthington Enterprises reported a decrease in net sales to $318.8 million and a net loss from continuing operations of $31.5 million, or $(0.64) per diluted share, for the fourth quarter of fiscal 2024. However, the company delivered adjusted earnings per share of $0.74.

Worthington Enterprises reported net sales of $316.8 million and net earnings of $22.0 million, or $0.44 per diluted share, for Q3 2024. Adjusted earnings were $0.80 per share, compared to $0.81 in the prior year. The company highlighted strong performance in Consumer Products and Building Products, offset by challenges in the Sustainable Energy Solutions business in Europe.

Worthington Enterprises reported Q2 earnings of $0.49 per share, which included unique items such as separation expenses and a gain from a divestiture. Excluding these items, earnings were $0.78 per share. Net sales were $1.1 billion, a decrease of 7.5% year-over-year, while gross profit increased to $124 million. The company is now focused on maximizing the growth potential of its consumer products, building products, and sustainable energy businesses.

Worthington Industries reported net sales of $1.2 billion and net earnings attributable to controlling interest of $96.1 million, or $1.93 per diluted share, for its fiscal 2024 first quarter ended August 31, 2023. The company's Steel Processing segment saw healthy demand, while Building Products benefited from strong contributions from WAVE and ClarkDietrich combined with growth in wholly owned businesses.

Worthington Industries reported Q4 2023 net sales of $1.2 billion and net earnings of $129.9 million, or $2.61 per diluted share. The results were driven by a strong performance in the Steel Processing business. Demand for key end markets remained healthy, with all business segments delivering solid cash flows and earnings.

Worthington Industries reported Q3 fiscal year 2023 earnings of $0.94 per share, or $1.04 per share excluding unique items related to the planned business separation. Net sales were $1.1 billion, a 20% decrease from the prior year, while gross profit increased slightly to $144 million. The company is progressing well with its planned separation into two distinct companies, expected to be completed by early calendar 2024.

Worthington Industries reported a challenging fiscal second quarter, driven by significant steel price declines and inventory destocking at Consumer and Building Products customers. Despite these challenges, end market demand remained steady, and the company is optimistic about a return to better results.

Worthington Industries reported a 27% increase in net sales to $1.4 billion for the first quarter of fiscal 2023, driven by the acquisition of Tempel Steel and higher average selling prices. Net earnings were $64.1 million, or $1.30 per diluted share, compared to $132.5 million, or $2.55 per diluted share, in the prior year quarter. The results were impacted by unique items and lower margin contributions from Steel Processing.

Worthington Industries reported a strong Q4 with net sales of $1.5 billion, up significantly from $978 million in the prior year. Earnings were $1.61 per share, though adjusted EPS was $1.58 compared to $2.33 in the prior year. The company experienced inventory holding losses of $42 million, impacting gross profit and adjusted EBITDA.

Worthington Industries reported a strong Q3 performance with net sales significantly up due to higher steel prices and recent acquisitions. EPS was $1.11, compared to $1.27 in the prior-year quarter. The company faced inventory holding losses but saw increased sales and managed to navigate a volatile market effectively.

Worthington Industries reported net sales of $1.2 billion and net earnings of $110.3 million, or $2.15 per diluted share, for its fiscal 2022 second quarter. The results were driven by strong performance in the Steel Processing and Building Products segments.

Worthington Industries reported net sales of $1.1 billion and net earnings of $132.5 million, or $2.55 per diluted share, for its fiscal 2022 first quarter ended August 31, 2021. The increase was driven primarily by higher average direct selling prices in Steel Processing.

Worthington Industries reported a record fourth quarter, with earnings per share of $2.15, or $2.33 excluding net pretax charges. Net sales reached $978 million, up significantly from the prior year, driven by increased volumes and higher steel prices. Adjusted EBITDA was a record $186 million for the quarter and $483 million for the fiscal year.

Worthington Industries reported Q3 2021 net sales of $759.1 million and net earnings of $67.6 million, or $1.27 per diluted share. The company's performance was driven by healthy demand across major end markets, inventory holding gains, and lower manufacturing costs.

Worthington Industries reported a decrease in net sales compared to the prior year quarter, driven by lower average selling prices in Steel Processing, lower volumes in the oil and gas equipment business in Pressure Cylinders, and the divestiture of the engineered cabs business in the prior year. The net loss was $74.0 million, or $(1.40) per diluted share, impacted by a pre-tax loss related to the Company’s investment in Nikola Corporation.

Worthington Industries reported a decrease in net sales by 18% to $702.9 million, but a significant increase in net earnings to $616.7 million, or $11.22 per diluted share, driven by a net pre-tax gain related to the company's investment in Nikola Corporation.

Worthington Industries reported Q4 earnings of $0.29 per share, a decrease from $0.66 in the prior year quarter. Net sales were $612 million, down 35% year-over-year, primarily due to lower volumes in Steel Processing and a shift in mix in Cylinders. The company experienced lower demand in key end markets due to COVID-19 but saw sequential improvement through the quarter, with May showing signs of recovery.

Worthington Industries reported net sales of $764.0 million and net earnings of $15.3 million, or $0.27 per diluted share, for its fiscal 2020 third quarter. This is compared to net sales of $874.4 million and net earnings of $26.8 million, or $0.46 per diluted share, in the third quarter of fiscal 2019.