Worthington Industries, Inc. (WOR)
NYSE:WOR
Earnings Data
Report Date
Jul 01, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.09Last Year’s EPS
1.06Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong operational and financial performance with substantial top-line growth (24% YoY) and solid profitability improvement (adjusted EBITDA up 15% QoQ; TTM EBITDA up 22%). Organic growth (14% ex-acquisitions) across both Building and Consumer segments, margin expansion in Consumer, disciplined capital returns, conservative leverage (~1x net debt/EBITDA) and a clear multi-year opportunity in data center-related products were emphasized. Offsetting items were modest: a small gross margin contraction mainly from acquisition accounting, weaker JV contributions (notably ClarkDietrich), weather-related production disruptions, and near-term elevated modernization capex and geopolitical/tariff uncertainties. Overall, the positives materially outweigh the concerns, with management signaling continued execution and confidence in growth levers (innovation, transformation, M&A).Company Guidance
Revenue Growth
Consolidated net sales for Q3 were $379 million, up 24% year-over-year from $305 million; excluding the impact of recent acquisitions, organic net sales increased $42 million or 14% year-over-year.
Strong Adjusted EBITDA and Margin Expansion (TTM)
Adjusted EBITDA for the quarter rose to $85 million from $74 million a year ago (up 15% YoY). Trailing 12-month adjusted EBITDA increased $54 million or 22% to $297 million, with a TTM adjusted EBITDA margin of 22.4%.
Earnings Per Share Improvement
GAAP EPS was $0.92 versus $0.79 in the prior year quarter. Adjusted EPS (excluding nonrecurring items) was $0.98 compared to $0.91 in the prior year quarter, marking the sixth consecutive quarter of year-over-year growth in adjusted EPS.
Building Products Outperformance
Building Products net sales grew 36% year-over-year to $224 million (including $32 million from acquisitions). Excluding acquisitions, Building Products organic sales grew 16% YoY. Building adjusted EBITDA rose to $59 million with a margin of 26.3%.
Consumer Products Momentum
Consumer Products net sales were $155 million, up 11% year-over-year. Consumer adjusted EBITDA increased to $35 million from $29 million, and consumer adjusted EBITDA margin expanded to 22.9% from 20.5% (up ~240 basis points). Balloon Time store count increased 64% year-over-year to 55,000 stores.
Cash Flow Strength and Capital Returns
Operating cash flow was $62 million and free cash flow was $48 million in the quarter. Trailing 12-month free cash flow is $164 million with a 95% free cash flow conversion rate relative to adjusted net earnings. Returned capital via $9 million in dividends and repurchase of 100,000 shares; Board declared a quarterly dividend of $0.19 per share.
Balance Sheet and Liquidity Position
Net debt at quarter end was $306 million, representing approximately 1x net debt to trailing adjusted EBITDA. The company maintained $495 million of availability under its revolving credit facility, reflecting conservative leverage and ample liquidity.
Successful Acquisition Integration and M&A Contribution
January acquisition of LSI contributed $32 million in net sales in Q3, integration is on track, and the company is executing M&A as one of its growth levers. Overall acquisition contribution and internal initiatives supported top-line and earnings growth.
Data Center Opportunity and Product Innovation
ASME water tanks for liquid cooling (data center end-market) are gaining traction: the water tank business is expected to roughly triple this year with additional incremental growth expected next year, and management expects the opportunity to persist for several years. Innovation (new products like Balloon Time Mini) is driving new placements and organic share gains.
Operational Discipline and SG&A Control
SG&A expenditures declined by 70 basis points as a percentage of sales. Management highlighted operational initiatives (Worthington Business System, 80/20 initiative, AI and automation) driving efficiency and improved operating discipline.
WOR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WOR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 24, 2026 | $51.88 | $49.51 | -4.57% |
Dec 16, 2025 | $56.06 | $54.64 | -2.54% |
Sep 23, 2025 | $59.82 | $52.90 | -11.57% |
Jun 24, 2025 | $59.53 | $60.72 | +2.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Worthington Industries, Inc. (WOR) report earnings?
Worthington Industries, Inc. (WOR) is schdueled to report earning on Jul 01, 2026, Before Open (Confirmed).
What is Worthington Industries, Inc. (WOR) earnings time?
Worthington Industries, Inc. (WOR) earnings time is at Jul 01, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is WOR EPS forecast?
WOR EPS forecast for the fiscal quarter 2026 (Q4) is 1.09.