Worthington Enterprises Q1 revenue beats estimates on acquisitions

By Reuters News


Overview

  • U.S. building products maker's fiscal Q1 revenue grew 13% yr/yr, beating analyst expectations

  • Adjusted EPS for fiscal Q1 rose 5% yr/yr to $0.82

  • Company repurchased 335,000 shares for $18.2 mln during the quarter


Outlook

  • Worthington Enterprises says it remains focused on innovation and operational improvement

  • Company says strong free cash flow and healthy balance sheet provide flexibility to pursue growth opportunities


Result Drivers

  • ACQUISITIONS - Recent acquisitions contributed 6% to revenue growth in Q1, accounting for $19.2 mln of net sales increase

  • ORGANIC GROWTH - Organic growth drove 7% of revenue increase in Q1, per CEO Joe Hayek

  • SEGMENT MIX - Trade & Specialty Solutions benefited from higher volume and selling prices, while Building Performance Solutions faced lower volume and unfavorable product mix


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

Beat

$343.90 mln

$331.27 mln (5 Analysts)

Q1 Net Income

$42.60 mln

Q1 Adjusted EPS

$0.82


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

  • Wall Street's median 12-month price target for Worthington Enterprises, Inc. is $67.00, about 15.2% above its September 21 closing price of $58.15

  • The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • Sept 22 - UK land developer Henry Boot's H1 revenue falls; says volumes to remain subdued for rest of 2026

  • Sept 22 - Kingfisher raises annual profit outlook after strong first half

  • Sept 21 - Southern Co unit signs deal with Google to add nuclear capacity


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk