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Aug 31
Worthington Q1 2026 Earnings Report
Worthington Enterprises reported strong growth driven by Building Products and improved profitability.
Key Takeaways
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.
Revenue increased 18% year-over-year to $303.7M, driven by Building Products and the Elgen acquisition.
Adjusted EPS rose to $0.74 from $0.50, while GAAP EPS improved to $0.70.
Adjusted EBITDA margin expanded to 21.4%, up from 18.8%.
Free cash flow reached $27.9M despite increased capital expenditures.
Worthington
Worthington
Worthington Revenue by Segment
Revenue by Segment
Consumer Products Revenue
CapyFin.comBuilding Products Revenue
CapyFin.com Forward Guidance
The company expressed confidence in its positioning and growth potential following a strong start to FY2026, bolstered by the Elgen acquisition and solid fundamentals.
Positive Outlook
- Elgen acquisition strengthens presence in HVAC and building envelope.
- Strong balance sheet with $167.1M in cash.
- Consistent free cash flow supports growth initiatives.
- Building Products expected to continue strong performance.
- Innovation and acquisition strategy aligned with long-term goals.
Challenges Ahead
- Free cash flow declined due to higher capital expenditures.
- Consumer Products faced volume headwinds.
- Higher SG&A costs impacted segment profitability.
- Income tax expense rose due to higher pre-tax income.
- Exposure to macroeconomic challenges in consumer demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income