Worthington Enterprises soars on Q1 beat, rosy outlook
BUZZ-Worthington Enterprises soars on Q1 beat, rosy outlook ** 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
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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