Worthington Enterprises Reports Q1 Fiscal 2027 Earnings with Strong Sales Growth
Worthington Enterprises (NYSE: WOR) reported strong financial results for the first quarter of fiscal 2027, driven by organic growth and recent acquisitions. Net sales reached $343.9 million, a 13% increase year-over-year. Adjusted EBITDA rose to $74 million from $67 million in the prior year period, while adjusted earnings per share (EPS) increased slightly to $0.82 compared to $0.78 last year. The company's Building Performance Solutions segment saw a 16% revenue increase due to acquisitions and organic growth, although EBITDA remained flat at $60 million amid volume challenges. Trade and Specialty Solutions also showed improvement with an 8% sales rise and higher margins. Free cash flow nearly doubled to $54 million from the prior year's $28 million. Worthington highlighted its capital allocation strategy, including share repurchases totaling $18 million for 335,000 shares during the quarter. The company also declared a quarterly dividend of $0.20 per share to be paid in December 2026.
Tickers: $WOR
Topics: adjusted_eps ebitda financial_performance free_cash_flow revenue_growth