Worthington Q4 revenue misses estimates on lower joint venture equity income

Worthington Industries

23/06/2026 21:18

Overview
US building and consumer products maker's fiscal Q4 revenue missed analyst expectations
Adjusted EPS for fiscal Q4 fell to $0.97 from $1.06 a year earlier
Company repurchased 350,000 shares for $18.2 mln and raised dividend by 5%

Outlook
Company did not provide specific financial guidance for fiscal 2027 or the current quarter

Result Drivers
ACQUISITIONS - Recent acquisitions contributed $44.1 mln to Q4 net sales growth, according to the company
ORGANIC GROWTH - Organic net sales increased 3% in Q4, excluding acquisitions, per company
JOINT VENTURE IMPACT - Lower equity income from ClarkDietrich joint venture reduced Building Products segment profit

Company press release: ID:nGNX7X5Yzq

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$371.50 mln
$386.49 mln (5 Analysts)
Q4 Net Income
 
$48.10 mln
 

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 $69.00, about 12.2% above its June 22 closing price of $61.49
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

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.)