Worthington Enterprises Reports Strong Q1 Fiscal Performance Amid Market Challenges
Worthington Enterprises (NYSE: WOR) reported strong fiscal first-quarter results for 2027, with sales rising 13% to $344 million and adjusted earnings per share increasing to $0.82 from $0.78 a year earlier. The company also saw a 10% increase in adjusted EBITDA to $74 million despite headwinds including the A2L refrigerant transition, muted new-home sales, and constrained steel availability. Cash generation improved significantly during the quarter, with operating cash flow rising to $67 million from $41 million year-over-year. Free cash flow nearly doubled to $54 million compared to $28 million in the prior period. The company also repurchased shares for $18 million and paid a quarterly dividend of $0.20 per share, ending the quarter with net debt of $250 million. A notable growth area was data-center demand, where revenue from ASME tanks used in liquid-cooling systems reached $13 million during Q1. Management expects this segment to grow sequentially through fiscal 2027 and potentially expand further over time.
Tickers: $WOR
Topics: capital allocation cash flow financial performance growth opportunities