Worthington Enterprises Stock Rises on Strong Q1 Results and AI Growth Prospects
Shares of Worthington Enterprises (NYSE: WOR) rose by 1.90% following the release of its fiscal 2027 first-quarter results, which showed a significant increase in net sales driven by recent acquisitions and organic growth. The company reported $344 million in net sales for the quarter ended August 31, up 13% year over year, with six percentage points attributed to acquisitions like LSI Group. Worthington is also capitalizing on growing demand for AI infrastructure through its ASME-certified tanks used in data center liquid cooling systems. The company anticipates this market could expand more than tenfold due to rising AI adoption. Additionally, Worthington's free cash flow nearly doubled to $54 million and adjusted earnings per share exceeded Wall Street expectations. CEO Joe Hayek highlighted the company’s strong financial position as a catalyst for further acquisitions, dividends, and buybacks. The stock is currently trading at $60.06 with a market cap of approximately $2.9 billion.
Tickers: $WOR
Topics: acquisitions AI infrastructure free cash flow industrial manufacturing