Worthington Enterprises Q1 revenue beats estimates on acquisitions

Worthington Enterprises

22/09/2026 21:20

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: ID:nGNX16HwDq

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

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(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.)