Q4 2026 Worthington Enterprises, Inc Earnings Call Transcript
Key Points
- Worthington Enterprises Inc (WOR) achieved a 20% sales growth in fiscal 2026, with 9% being organic growth.
- The company generated $170 million in free cash flow, marking its highest quarterly cash flow despite elevated capital spending.
- Integration of acquisitions Elgin and LSI is on track, enhancing growth prospects and expanding capabilities.
- Worthington Enterprises Inc (WOR) was named the top workplace in Central Ohio for the 14th consecutive year.
- The company has a strong balance sheet with significant free cash flow generation and multiple avenues for growth.
- Adjusted EBITDA and margin performance were impacted by lower earnings from Cartetra and margin pressure in the cooling and construction business.
- Gross margin decreased to 27.4% from 29.3% a year ago due to less favorable product mix and inflationary cost pressures.
- Clark Dietrich's contributions were down approximately $7 million compared to the prior year quarter.
- The cooling and construction business faced a difficult comparison due to the prior year's elevated demand associated with the A2L refrigerant transition.
- The stock price indicated a decline, reflecting potential market concerns or misunderstandings about the company's performance.
Thank you. Hello everyone, thank you for joining us and welcome to the Worthington Enterprises fourth quarter fiscal 2026 earnings call. (Operator Instructions) now hand the conference over to Marcus Rajier, Treasurer and Investor Relations Officer. Marcus, please go ahead.
Thank you, Paige. Good morning, everyone, and thank you for joining us for Worthington Enterprises' fourth-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 release issued yesterday after the market close, which is available on the Investor Relations section
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