Q3 2026 Worthington Enterprises Inc Earnings Call Transcript
Key Points
- Worthington Enterprises Inc (WOR) reported a strong year-over-year growth in revenue, adjusted EBITDA, and earnings per share, with revenue up over 24% from last year.
- The company successfully reduced SG&A expenditures by 70 basis points as a percentage of sales, contributing to improved profitability.
- Worthington's adjusted EBITDA grew by 15% year-over-year, with a trailing 12-month adjusted EBITDA of $297 million, up $54 million from the previous year.
- The company completed the acquisition of LSI, enhancing its position in engineered building systems and expanding its product offerings.
- Worthington's consumer products segment achieved strong sales and earnings growth, driven by increased volumes and higher average selling prices.
- Gross margin experienced a modest contraction, primarily due to the purchase accounting impact of the inventory step-up at LSI.
- The company's joint ventures, particularly ClarkDietrich, faced challenges in a tough nonresidential construction environment, impacting their contributions.
- Global events, such as the situation in the Middle East, pose potential risks to economic growth and could impact energy costs and supply chains.
- The helium shortages due to geopolitical tensions could potentially impact Worthington's operations, although the company currently sources helium domestically.
- Weather-related disruptions caused some production delays in the Building Products segment, affecting manufacturing and conversion costs.
Good morning, and welcome to the Worthington Enterprises third quarter fiscal 2026 earnings conference call. (Operator Instructions). This conference is being recorded at the request of Worthington Enterprises. If anyone objects, you may disconnect at this time. I'd now like to introduce Marcus Rogier, Treasurer and Investor Relations Officer. Mr. Rogier, you may begin.
Thank you, Regina. Good morning, everyone, and thank you for joining us for Worthington Enterprises third quarter fiscal 2026 earnings call. On the call today are Joe Hayek, our President and Chief Executive Officer; and Colin Souza, our Chief Financial Officer.
Before we begin, I'd like to remind everyone that certain statements made during today's call are forward-looking in nature and subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied.
For more information on these risks and uncertainties, please refer to our earnings
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
