Worthington Enterprises, Inc. is an industrial manufacturing company operating in two segments: Consumer Products and Building Products. The Consumer Products segment offers tools, outdoor living, and celebration products, including torches, lighters, hand tools, propane cylinders, helium balloon kits, and gas grills, sold under brands such as Balloon Time, Bernzomatic, Coleman, and Worthington Pro Grade. The Building Products segment provides pressurized containment solutions such as refrigerant gas cylinders, liquefied petroleum gas cylinders, well water and expansion tanks, specialty fire suppression and chemical tanks, and ceiling suspension and light gauge metal framing products. The company was formerly known as Worthington Industries, Inc., was founded in 1955, and is headquartered in Columbus, Ohio.
Worthington data center tank revenue hits $13 million in one quarter
Worthington Enterprises said its engineered ASME tanks for data center liquid cooling generated $13 million in revenue in its fiscal 2027 first quarter, matching the entire fiscal 2026 total for the product line. On the September 23 earnings call, CEO Joe Hayek said industry sources believe the liquid cooling and thermal management tank market could grow to more than 10 times the roughly $200 million legacy ASME tank market within a few years, and the company expects tank revenue to keep growing sequentially through the rest of the fiscal year. Total net sales rose 13% year over year to $343.9 million, with 7% organic growth, while adjusted EBITDA climbed 10% to $74 million from $67 million. Free cash flow nearly doubled to $54 million from $28 million, and trailing 12 month free cash flow reached a record $196 million, a 116% conversion rate against adjusted net earnings. The Building Performance Solutions segment, which houses the tank business, grew revenue 16% to $215 million but posted flat adjusted EBITDA of $60 million as gross margin slipped to 26.4% from 27.1%, with CFO Colin Souza citing about $7 million in adjusted EBITDA pressure from the A2L refrigerant transition.
Artificial Intelligence › AI Power & Cooling ▲Demand
Energy Transition & Power Demand › Grid, Transmission & Power Equipment Demand
WOR · Demand · Positive Data center liquid cooling ASME tank revenue hit $13M in one quarter, matching all of fiscal 2026, with expected sequential growth
WOR · Pricing · Negative Building Performance Solutions gross margin slipped to 26.4% from 27.1% on about $7M adjusted EBITDA pressure from the A2L refrigerant transition
Worthington Enterprises reported higher sales and firmer earnings per share in its fiscal first quarter update and declared a fresh quarterly dividend. The stock closed at $58.94, up 8.43% over seven days and 13.43% year to date, though its one year total shareholder return is down 0.80%, against three year and five year total shareholder returns of 45.93% and 87.30%. The most followed analyst narrative pegs fair value at $65.40, implying roughly 10% undervaluation, with a consensus analyst target near $65.40, a high target of $76.00 and a low of $47.00. That framework cites recent earnings growth of 62.5% and a net margin of 11.3%, alongside forecasts of about 4% annual revenue expansion, 8.71% yearly earnings growth and a future P/E of 17.77x. The company faces pressure from trade and tariff uncertainty and from weaker equity earnings tied to softer steel pricing.
IonQ Claims First Real-Time Quantum Error Decoder, Shares Jump 12%
IonQ said it tested the industry's first real-time quantum error decoder, sending its shares up 12% in premarket trading and lifting the broader quantum sector, with Rigetti Computing and D-Wave Quantum each up more than 5.5% and Infleqtion rising a similar amount. Worthington Enterprises surged about 16% after first-quarter adjusted earnings and revenue surpassed Street estimates, with CEO Joseph Hayek citing rapidly growing demand for the company's engineered American Society of Mechanical Engineers tanks used in liquid cooling systems for data centers. KB Home fell more than 1% after projecting fourth-quarter deliveries below expectations and housing gross margins of 16% to 16.6%, short of the 17.2% analysts polled by LSEG sought. Six Flags Entertainment rose 1% after a Wall Street Journal report that activist hedge fund Jana Partners was encouraging the company to explore a sale, following the fund's disappointment with Six Flags' second-quarter earnings report. Maplebear, the Instacart owner, gained more than 3% after announcing that customers on its grocery platform can use Meta's personal AI agent Muse, joining OpenAI's ChatGPT, Anthropic's Claude and Google's Gemini as AI partners.
IONQ · Technology · Positive IonQ said it tested the industry's first real-time quantum error decoder.
KBH · Capital · Negative KB Home projected Q4 deliveries below expectations and housing gross margins short of analyst estimates.
CART · Technology · Positive Instacart customers can now use Meta's AI agent Muse on its grocery platform, adding an AI partner.
FUN · Capital · Positive Activist hedge fund Jana Partners is encouraging Six Flags to explore a sale.
WOR · Demand · Positive Q1 adjusted earnings and revenue beat estimates, with CEO citing rapidly growing demand for ASME tanks used in data-center liquid cooling.
INFQ · Technology · Positive Infleqtion rose a similar amount as IonQ's quantum error-decoder news lifted the broader quantum sector.
Worthington, IonQ Surge on Earnings and Quantum Milestone; InnovAge, Voyager Fall on Offerings
Worthington Enterprises shares jumped 15% after the company reported an upbeat Q1 FY2027, with revenue rising 13.2% year over year to $343.9M and organic growth reaching 7%. Adjusted EBITDA increased 10% year over year, while operating cash flow rose $25.7M to $66.7M and free cash flow nearly doubled to $54M; CEO Joe Hayek highlighted rapidly growing demand for the company's engineered ASME tanks used in liquid cooling systems for data centers, and the company repurchased 335,000 shares for $18.2M and declared a quarterly dividend of $0.20 per share. IonQ climbed 11% after announcing a breakthrough in real-time quantum error correction, demonstrating an end-to-end decoder running on a single standard off-the-shelf CPU, tested across simulations of up to 408 logical qubits and more than 31.5M quantum operations with decoding overhead as low as 0.02% under standard operational noise. InnovAge Holding slipped 8% after pricing a secondary offering of 10M shares at $9.25 per share by investment funds affiliated with Apax Partners and Welsh, Carson, Anderson & Stowe, with underwriters granted a 30-day option for up to an additional 1.5M shares; InnovAge will receive no proceeds from the offering, set to close on September 24. Voyager Technologies fell 6% after announcing plans to offer $350M in convertible senior notes due 2032 in a private placement to qualified institutional buyers, with purchasers able to buy up to an additional $52.5M of notes; part of the proceeds will fund capped call transactions to reduce dilution, with the remainder for general corporate purposes, and the notes mature on Oct. 15, 2032.
Worthington Enterprises Beats Q1 Estimates With $0.82 EPS
Worthington Enterprises reported quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.74 per share and matching the $0.74 per share posted a year ago. The result marked a positive earnings surprise of 10.81%, a reversal from the prior quarter, when the metal manufacturer delivered a surprise of -6.73% on earnings of $0.97 per share against an expected $1.04. Revenue for the quarter ended August 2026 came in at $343.89 million, surpassing the Zacks Consensus Estimate by 3.55% and up from $303.71 million a year earlier. The company has topped consensus EPS estimates two times and consensus revenue estimates three times over the last four quarters. Ahead of the release, the estimate revisions trend was unfavorable, leaving the stock with a Zacks Rank #4 (Sell), while the current consensus stands at $0.78 per share on $351.6 million in revenue for the coming quarter and $3.75 per share on $1.49 billion for the current fiscal year.
Worthington Beats Q3 CY2026 Estimates as Revenue Rises 13.2% to $343.9 Million
Worthington reported third-quarter CY2026 revenue of $343.9 million, up 13.2% year on year and 4.1% above Wall Street's consensus estimate of $330.2 million. Adjusted earnings per share came in at $0.82, beating analyst estimates of $0.75 by 9.3%, while adjusted EBITDA of $74.02 million topped the $69.62 million consensus by 6.3% at a 21.5% margin. Operating margin was 3.8%, in line with the same quarter last year, and free cash flow margin rose to 15.7% from 9.2% a year earlier. President and CEO Joe Hayek said the company generated 7% organic growth, grew adjusted EBITDA by 10% and nearly doubled free cash flow. The stock traded up 10.5% to $65.61 immediately after the report.
Worthington Enterprises Set to Report Q1 Earnings Tuesday
Worthington Enterprises is scheduled to announce its Q1 earnings results on Tuesday, September 22nd, after market close. The consensus EPS estimate is $0.75, up 1.4% year over year, while the consensus revenue estimate is $331.27M, up 9.1% year over year. Over the last two years, the company has beaten EPS estimates 63% of the time and revenue estimates 75% of the time. Over the last three months, EPS estimates have seen 1 upward revision and 2 downward revisions, while revenue estimates have seen 0 upward revisions and 2 downward revisions.
WOR · Capital · Neutral Worthington Enterprises is set to report Q1 earnings Tuesday, with consensus EPS $0.75 and revenue $331.27M; mixed estimate revisions make the impact unclear.
Worthington Enterprises Shares Jump 10% Ahead of November Investor Day
Worthington Enterprises shares jumped more than 10% Wednesday morning, holding a 10.1% gain as of 12:37 p.m. ET, after the company signaled it will further define its business segments for investors at an Investor and Analyst Day on Nov. 10. The company, which changed its name from Worthington Industries nearly three years ago after spinning off Worthington Steel, has not held an investor day since that change. Worthington wants investors to know it has a sharp focus on high-demand construction, heating, and cooling products, including demand from data center construction, making it an under-the-radar data center play for some investors. Double-digit sales growth in its most recent quarter was propelled by demand from contractor end-users and varied distribution channels, bolstered by a predominantly domestic manufacturing presence. Water tanks used for liquid cooling in data centers, where momentum continues to build, will now be grouped under Worthington's Building Performance Solutions business segment, while the newly named Trade & Specialty Solutions group will focus more on general construction products.
WOR · Demand · Positive Company highlights sharp focus on high-demand construction, heating/cooling products and data center liquid-cooling water tanks, with double-digit sales growth from contractor end-users.
Engineered Components and Systems Stocks Beat Q1 Revenue Estimates by 3.4%
Engineered components and systems stocks tracked by the publication reported a satisfactory first quarter, with revenues beating analysts' consensus estimates by 3.4% and next quarter's revenue guidance coming in 3.7% above expectations. Timken posted revenues of $1.23 billion, up 8% year on year and exceeding estimates by 5%, while Arrow Electronics led the group with revenues of $9.47 billion, a 39% increase that beat estimates by 12.9%. Worthington was the weakest performer, with revenues of $371.5 million missing estimates by 4%. Regal Rexnord and Park-Ohio also topped expectations, contributing to an average share price gain of 19.2% across the 13 companies since their latest earnings results.
Worthington Enterprises raises dividend, appoints Brad Southern to board
Worthington Enterprises reported higher sales and earnings for the fourth quarter and full year, raised its quarterly dividend to US$0.20 per share, and appointed former Louisiana-Pacific CEO Brad Southern to its board. The company highlighted a continued focus on acquisitions and reinvestment, supported by a US$500 million undrawn revolving credit facility. Management aims to grow through deals that fit its Building Products platform, though the strategy carries risks if acquisitions fail to deliver profitable growth. The company projects US$1.6 billion in revenue and US$221.9 million in earnings by 2029, requiring 6.0% annual revenue growth and about a US$110 million increase from current earnings of US$111.8 million.
KB Home, ICON, Delta rise on earnings beats and sector strength; Worthington falls on miss
KB Home shares rose 5.8% after the homebuilder reported second-quarter fiscal 2026 revenues of $1.11 billion, exceeding the Zacks Consensus Estimate of $1.09 billion. ICON Public Limited Company gained 10.9% following first-quarter fiscal 2026 adjusted earnings of $2.50 per share, topping the consensus of $2.46. Worthington Enterprises fell 6.1% after fourth-quarter fiscal 2026 revenues of $371.5 million missed the $385.7 million estimate. Delta Air Lines jumped 4.5% as airline stocks were among the session's biggest winners.
Worthington Enterprises Q4 Earnings Call Highlights Data Center Growth Push
Worthington Enterprises used its fourth-quarter fiscal 2026 earnings call to emphasize growing opportunities in data center infrastructure, innovation, and acquisitions despite results that missed Wall Street expectations. The company shipped approximately $13 million of ASME water tanks for data center cooling systems in fiscal 2026 and expects to ship at least that much in the first quarter of fiscal 2027, with management citing increasing demand and additional investment in capacity. President and CEO Joseph Hayek noted that several businesses, including WAVE, ClarkDietrich, Elgen, LSI, and portions of the water business, participate in data center construction and operation, characterizing it as an emerging multiyear opportunity. Building Products sales rose 28% in the quarter, with acquisitions contributing $44 million of revenues, while adjusted EBITDA declined modestly due to lower contributions from ClarkDietrich and a tough comparison in the cooling and construction business tied to the prior-year A2L refrigerant transition. The company generated $55 million of free cash flow in the quarter and $170 million for the full year, ending with net debt of $278 million and a net leverage ratio below 1x. Adjusted earnings per share of $0.97 missed the consensus estimate of $1.04, and revenues of approximately $371.50 million trailed expectations of $385.70 million.
WOR · Demand · Neutral Data center growth push and $13M water tank shipments for cooling systems highlight demand opportunity, but earnings missed estimates.
ClarkDietrich Building Systems · Demand · Negative Lower contributions from ClarkDietrich negatively impacted adjusted EBITDA.
Elgen Manufacturing · Demand · Positive Elgen is mentioned as participating in data center construction, an emerging multiyear opportunity.
Worthington Enterprises reports 20% sales growth and $170 million free cash flow for fiscal 2026
Worthington Enterprises Inc reported a 20% increase in sales for fiscal 2026, including 9% organic growth, and generated $170 million in free cash flow. Adjusted EBITDA rose 12% to $296 million, while fourth-quarter revenue climbed 17% to $371 million. Net earnings in the fourth quarter jumped to $48 million from $4 million a year earlier, though gross margin narrowed to 27.4% from 29.3% due to product mix and cost pressures. The company also reduced SG&A by 200 basis points as a percentage of sales and repurchased 350,000 shares for $18 million during the quarter.
Cerebras drops 11% after first post-IPO earnings, FedEx falls despite beat
Cerebras shares fell 11% in premarket trading after the semiconductor company reported its first earnings since going public in May, posting a first-quarter loss of 22 cents on revenues of $193.4 million and guiding for core gross margin to shrink to between 36% and 38% in the second quarter from 46.5% in the first. FedEx shed about 6.5% even after delivering better-than-expected fiscal fourth-quarter results, which were the last before it spun off its freight business. Micron rose more than 2.5%, rebounding from a 13% drop on Tuesday and ahead of its earnings due after the bell Wednesday, while other memory stocks also recovered from a sell-off triggered by a sharp decline in South Korean tech shares, with Sandisk up more than 2%, Western Digital up more than 1%, and Seagate Technology up about 1%. KB Home added 2.5% after fiscal second-quarter revenue of $1.11 billion beat the $1.10 billion consensus, though earnings of 43 cents per share missed the 45-cent estimate. Worthington Enterprises tumbled 10% after adjusted earnings of 97 cents per share on revenue of $371.5 million fell short of FactSet expectations for $1.06 per share and $386.5 million. Wendy's surged as it became one of the most discussed stocks on Reddit's r/Wallstreetbets, with short interest around 23% of its float according to S3 Partners, potentially setting up a short squeeze. Arm Holdings rose 3% after UBS and TD Cowen raised price targets, citing an improved outlook for its CPU business amid the shift toward agentic AI. Take-Two Interactive Software gained more than 3% after announcing that presales for Grand Theft Auto 6 begin Thursday and after BTIG initiated coverage with a buy rating, saying the game will drive a multi-year improvement in earnings power.
CBRS · Capital · Negative Cerebras reported a first-quarter loss and guided for core gross margin to shrink to 36-38% from 46.5%.
FDX · Capital · Negative FedEx shares fell 6.5% despite better-than-expected fiscal Q4 results, as the market focused on the upcoming spin-off of its freight business.
KBH · Capital · Positive KB Home added 2.5% after fiscal Q2 revenue of $1.11 billion beat the $1.10 billion consensus, though EPS missed.
TTWO · Capital · Positive BTIG initiated coverage with a buy rating, citing GTA 6 presales driving multi-year earnings improvement.
TTWO · Demand · Positive Presales for Grand Theft Auto 6 begin Thursday, and BTIG initiated coverage with a buy rating citing multi-year earnings improvement.
WOR · Capital · Negative Adjusted earnings and revenue missed FactSet expectations.
FedEx, Cerebras, KB Home and others move after hours on earnings and executive changes
Several companies made notable moves in after-hours trading following earnings reports and executive announcements. FedEx shares fell about 6% after fourth-quarter revenue of $25.01 billion narrowly beat the $24.04 billion consensus. KB Home added 2% as fiscal second-quarter revenue of $1.11 billion topped the $1.10 billion estimate, though earnings of 43 cents per share missed the 45-cent forecast. Cerebras dropped 8% after its first post-IPO report showed a first-quarter loss of 22 cents on $193.4 million in revenue, while guiding full-year core revenue to $855 million to $865 million and current-quarter core revenue to $194 million. Nike gained 1% on news that CFO Matthew Friend will step down and be replaced by Pfizer CFO David Denton effective August 17, and that upcoming results will include a tariff refund benefit. Worthington Enterprises tumbled nearly 10% after adjusted earnings of 97 cents per share on $371.5 million in revenue missed expectations of $1.06 and $386.5 million.
Worthington Enterprises misses Q4 earnings and revenue estimates
Worthington Enterprises reported quarterly earnings of $0.97 per share, missing the Zacks Consensus Estimate of $1.04 per share and falling short of the year-ago figure of $1.06 per share. The company posted revenues of $371.46 million for the quarter ended May 2026, which was below the consensus estimate by 3.69% but above the prior-year revenue of $317.88 million. The earnings surprise amounted to negative 6.73%, and the company has surpassed consensus EPS estimates only once in the last four quarters. Worthington Enterprises shares have gained about 19.2% year to date, outperforming the S&P 500's 9.2% increase. The current consensus EPS estimate stands at $0.81 on $330.6 million in revenues for the coming quarter and $3.92 on $1.5 billion in revenues for the current fiscal year.
Worthington Enterprises Q4 profit climbs to $48.14 million
Worthington Enterprises Inc. reported fourth-quarter net income of $48.14 million, or $0.97 per share, up sharply from $3.87 million, or $0.08 per share, in the same period last year. Excluding items, adjusted earnings were $47.69 million, or $0.97 per share. Revenue rose 16.9% to $371.45 million from $317.88 million a year earlier.
Worthington Misses Q2 Revenue and Profit Estimates, Stock Drops 8.6%
Worthington missed Wall Street's revenue and profit expectations for its fiscal second quarter of 2026, sending shares down 8.6% to $55.79. Revenue rose 16.9% year on year to $371.5 million, but fell short of the $386.8 million analyst consensus. Adjusted earnings per share came in at $0.97, below the $1.06 estimate, while adjusted EBITDA of $83.5 million missed the $89.62 million forecast. The diversified industrial manufacturer reported an operating margin of 6.2%, a sharp improvement from negative 9.6% a year earlier, and generated a free cash flow margin of 14.8%. CEO Joe Hayek described the quarter as one of solid performance with positive organic growth and strong free cash flow.
FedEx, ICON, KB Home, and Worthington to Report Earnings After Hours
FedEx, ICON, KB Home, and Worthington Enterprises are scheduled to report earnings after the market closes on June 23, 2026. FedEx is expected to post earnings per share of $5.91 for the quarter ending May 31, 2026, a 2.64% decline from the same period last year, based on estimates from nine analysts. ICON plc is forecast to report $2.18 per share for the quarter ending March 31, 2026, down 28.99% year-over-year, according to three analysts. KB Home's consensus estimate stands at $0.43 per share for the quarter ending May 31, 2026, a 71.33% drop from the prior-year quarter, based on seven analysts. Worthington Enterprises is expected to deliver $1.04 per share for the quarter ending May 31, 2026, a 1.89% decrease from a year ago, according to two analysts.
FDX · Capital · Neutral FedEx is expected to report earnings per share of $5.91, a 2.64% decline year-over-year, but the actual impact depends on results vs. expectations.
KBH · Capital · Neutral KB Home is expected to report earnings per share of $0.43, a 71.33% drop year-over-year, but the actual impact depends on results vs. expectations.
WOR · Capital · Neutral Worthington Enterprises is expected to report earnings per share of $1.04, a 1.89% decrease year-over-year, but the actual impact depends on results vs. expectations.
Worthington Enterprises raises quarterly dividend 5% and adds Brad Southern to board
Worthington Enterprises declared a quarterly dividend of $0.20 per share, a 5% increase from the prior quarter, and appointed former Louisiana-Pacific CEO Brad Southern to its board of directors. The dividend is payable on September 29, 2026, to shareholders of record on September 15, 2026, continuing a payout streak dating back to the company's 1968 IPO. Southern, who retired earlier this year as chairman and CEO of LP Building Solutions, brings more than 40 years of manufacturing and building-products leadership experience. Board Chairman John Blystone said Southern's expertise will help drive value creation and growth at the company. Worthington Enterprises will report fiscal fourth-quarter results after the market close today and hold its earnings call on June 24.
Zacks Highlights Weyerhaeuser, Trex, and Worthington as Wood Stocks Positioned to Thrive
Zacks Equity Research identifies Weyerhaeuser, Trex, and Worthington as three wood-industry stocks capable of navigating ongoing challenges. The Zacks Building Products – Wood industry faces headwinds from elevated construction costs, tariff uncertainty, and subdued repair-and-remodel spending, with the group’s Zacks Industry Rank at 206, placing it in the bottom 17% of more than 250 Zacks industries. Despite this, underlying demand for replacements and infrastructure investments provides support, and the three highlighted companies are leveraging product innovation, cost discipline, and strategic acquisitions. Worthington sees growth from AI-driven data-center demand and operational improvements, with consensus EPS growth estimates of 11.1% for fiscal 2026 and 14.8% for fiscal 2027. Weyerhaeuser benefits from new products like AeroStrand and an expanding renewable-energy pipeline, with 2026 EPS estimates revised upward to 32 cents from 26 cents over the past 60 days. Trex is accelerating the conversion from wood decking, which still represents about 75% of the market, and has seen its 2026 EPS estimate rise to $1.68 from $1.63, supported by capacity expansion and a strong innovation pipeline.
TREX · Demand · Positive Trex is accelerating conversion from wood decking, which still represents about 75% of the market, with EPS estimates rising.
WOR · Demand · Positive Worthington sees growth from AI-driven data-center demand and operational improvements, with EPS growth estimates of 11.1% and 14.8%.
WY · Technology · Positive Weyerhaeuser benefits from new products like AeroStrand and an expanding renewable-energy pipeline, with EPS estimates revised upward.
Worthington Enterprises to report Q4 earnings with flat EPS estimate and 21.6% revenue growth forecast
Worthington Enterprises is scheduled to announce its fourth-quarter fiscal 2026 earnings results on Tuesday, June 23rd, after market close. The consensus earnings per share estimate stands at $1.06, unchanged from the same quarter last year, while the consensus revenue estimate is $386.49 million, representing a 21.6% year-over-year increase. Over the past two years, the company has exceeded EPS estimates 63% of the time and revenue estimates 75% of the time. In the last three months, EPS estimates have seen zero upward revisions and five downward revisions, while revenue estimates have seen five upward revisions and zero downward revisions.
Worthington to Report Earnings Tuesday After Market Close
Worthington will report earnings this Tuesday after market close. The diversified industrial manufacturing company beat analysts' revenue expectations last quarter, reporting revenues of $378.7 million, up 24.4% year on year, with a solid beat on adjusted operating income and EPS estimates. For this quarter, the market expects revenue to grow 21.7% year on year, improving from flat revenue in the same quarter last year. Most analysts have reconfirmed their estimates over the last 30 days, though Worthington has missed Wall Street's revenue estimates multiple times over the last two years. Worthington is the first among its peers to report earnings this season, and its shares are up 8.5% over the last month, outperforming the 3.6% average gain for industrial machinery stocks.
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