Worthington Enterprises soars on Q1 beat, rosy outlook

By Reuters News

** Shares of building and consumer products maker Worthington Enterprises WOR.N up 16.7% premarket to $68.80 after qtrly results topped Wall Street expectations and it provided an encouraging outlook

** WOR poised to open at highest levels since Jun 2025, if gains hold

** Columbus, Ohio-based firm late Tues posted fiscal Q1 rev growth of 13% yr/yr to $343.9 mln, above LSEG estimate of $331.3 mln

** Adj EPS of 82 cents beat 75 cents/sh profit modeled by analysts

** Looking ahead, CEO Joe Hayek said co is very encouraged with start to fiscal 2027 and opportunities seen across its business, "including rapidly growing demand for our engineered ASME (American Society of Mechanical Engineers) tanks used in liquid cooling systems for data centers.”

** Through Tues close, WOR shares up 14% YTD vs 9.5% gain in S&P 600 Industrial Machinery & Supplies & Components index .SPSMCINDM

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.