Inferra AI / Company / WOR
Worthington Enterprises, Inc.
WOR · Materials
Last earnings Sep 25, 2026
Key results
Gross marginquarter
27.1%
The gross margin was 27.1% in Q1 versus 24.3% last year.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
Gross profit increased significantly to $82 million, up from $62 million with gross margin expanding approximately 280 basis points to 27.1% and despite the $2.2 million purchase accounting charge at Elgen.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
Dividendquarter
$36 million
Our joint ventures provided $36 million in dividends, representing a 100% cash conversion rate on equity income, Cash flow from operations for the quarter was $41 million, and free cash flow was $28 million.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
Free cash flowquarter
$28 million
Our joint ventures provided $36 million in dividends, representing a 100% cash conversion rate on equity income, Cash flow from operations for the quarter was $41 million, and free cash flow was $28 million.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
On a trailing 12-month basis, free cash flow totaled $156 million, representing a 94% free cash flow conversion rate relative to our adjusted net earnings.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
Revenuequarter
$21 million
It contributed, as I mentioned, $21 million in revenue and relatively breakeven from an EBITDA standpoint, which included the $2.2 million in purchase accounting.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
The stat we Worthington Enterprises Inc 2026 Q1 Earnings released on the business right when we acquired it, $115 million of revenue annually, $13 million in adjusted EBITDA, at the end of the day this is a good example of our M&A strategy in action and our goal in expanding our portfolio in commercial HVAC and the structural framing and we found this fantastic business that so far has been a great fit for us.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
AI analysis
Q1 FY2026 · reported Sep 26, 2025
Based on: Earnings release + parent 8-K — transcript not held
Headline figures
| Metric | Q1 FY2026 | Prior qtr | Year ago |
|---|---|---|---|
| Gross margin | 27.1% | — | — |
| Dividend | $36 million | — | — |
| Free cash flow | $28 million | — | — |
| Revenue | $21 million | — | — |
Guidance · company-stated
No guidance located in the held release
Margin
Cash flow & capex
Capital allocation
Worthington Enterprises Inc 2026 Q1 Earnings During the quarter, we invested $13 million in capital expenditures including $9 million related to our ongoing facility modernization projects.
Company-stated claims
Historical · increased to $196 million, representing a 116% · cash_flow
“On a trailing 12-month basis, free cash flow increased to $196 million, representing a 116% conversion rate relative to adjusted net earnings and our highest mark since becoming Worthington Enterprises.”
EX-99 · Sep 25, 2026Event summary
Thank you for joining us for Worthington Enterprises’ First Quarter Fiscal 2026 Earnings Call
Based on: Earnings release + parent 8-K — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Worthington Enterprises Inc 2026 Q1 Earnings During the quarter, we invested $13 million in capital expenditures including $9 million related to our ongoing facility modernization projects.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
We also returned capital to shareholders, paying $9 million in dividends and repurchasing 100,000 shares of our common stock for $6 million at an average price of $62.59 per share.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
Our joint ventures provided $36 million in dividends, representing a 100% cash conversion rate on equity income, Cash flow from operations for the quarter was $41 million, and free cash flow was $28 million.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
As a reminder, this figure includes elevated capital expenditures related to our facility modernization projects, which totaled $29 million over the same period.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
We have approximately $35 million of modernization spend remaining with the majority expected to be completed during fiscal 2026 and capital expenditures returning to more normalized levels thereafter.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
We closed the quarter with $306 million in long-term funded debt carrying an average interest rate of 3.6% and $167 million in cash.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
Strategy & priorities
I said this related to our Q4 results when we were together in June, but our results in Q1 again reflect our strategy in action.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
As we continue our efforts to optimize our current businesses and grow Worthington, we do so not just the Steward and Worthington proud history, but as drivers of innovation and Worthington Enterprises Inc 2026 Q1 Earnings strategies that will power our future.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
But our goals do not change, we prioritize safety, asset utilization and cost optimization.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
The ongoing 80/20 initiatives in our water business is having a positive impact, and we're planning for additional 80/20 work streams in other areas of our business.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
We believe our culture is a differentiator, and we're focused on acquiring companies with great teams that have developed sustainable competitive advantages in niche markets.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
Risks & headwinds
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 Worthington Enterprises Inc 2026 Q1 Earnings could cause actual results to differ materially from those expressed or implied.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
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 of our website.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
Despite numerous headwinds including cautious consumers and a hot summer that impacted after activities, and tariff costs and high interest rates that are impacting residential and commercial repair remodeling and construction activity, we grew our year-over-year adjusted EBITDA by 34%.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
Worthington Enterprises Inc 2026 Q1 Earnings While many of our end markets continue to face headwinds, we're performing very well and believe our best days are ahead of us.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
The year-over-year decline was primarily driven by lower gross margin due to tariff charges and lower volumes.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
We're proud of how our consumer products team continues to perform and deliver value for customers despite macro headwinds.
SEC original ↗Worthington Enterprises, Inc. — Earnings release (8-K exhibit)EX-99Sep 26, 2025
Earnings deck slides
0 decks with slide viewWorthington Enterprises, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
36 documentsEarnings releases
16 documentsPresentations
1 document- Q3 2025
- WORDeck
Transcripts
0 documentsNo transcripts for Worthington Enterprises, Inc. are held in this edition of the library.
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