Worthington Enterprises, Inc. (NYSE:WOR) will release earnings for its third quarter after the closing bell on Tuesday, March 24.Analysts expect the company to report quarterly earnings of 96 cents per share, up from 91 cents per share in the year-ago period. The consensus estimate for Worthington’s quarterly revenue is $349.41 million (it reported $304.52 million last year), according to Benzinga Pro.On Dec. 16, Worthington reported mixed second-quarter financial results and announced it will acquire LSI G ...

That’s up from 91 cents per share in the year-ago period. The consensus estimate for Worthington's quarterly revenue is $349.41 million (it reported $304.52 million last year), according to Benzinga Pro.To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $376,070 or around 7,894 shares. For a more modest $100 per month or $1,200 per year, you would need $75,224 or around 1,579 shares.To calculate: Divide the desired annual income ($6,000 or $1,200) b ...

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Core Insights - Windsor Advisory Group disclosed a purchase of 78,197 shares of Worthington Enterprises, valued at approximately $4.32 million, indicating a significant investment in the company [1][2] Company Overview - Worthington Enterprises is a leading industrial manufacturer specializing in steel processing and value-added metal fabrication, with a diverse portfolio of consumer and building products [5] - The company reported a total revenue of $1.25 billion and a net income of $106 million for the trailing twelve months (TTM) [4] - Worthington's dividend yield stands at 1.6%, with shares priced at $47.64 as of the last trading day, reflecting a 15% increase over the past year [4][7] Financial Performance - The company generated approximately $1.3 billion in sales and around $284 million in adjusted EBITDA for the year ending November 30 [7] - The recent acquisition of LSI highlights Worthington's strategic shift towards higher-value building products, which are expected to grow steadily by 3% to 5% annually [9] Investment Implications - The investment by Windsor Advisory Group represents 17.13% of its reportable assets under management (AUM), signaling strong confidence in Worthington's business model and cash flow stability [6][7] - Worthington's focus on industrial markets provides a different investment profile compared to more volatile tech holdings, emphasizing predictable cash flows [9]

Core Viewpoint - Worthington Enterprises Inc. will hold its quarterly earnings conference call on March 25, 2026, to discuss its fiscal third quarter results, which will be released on March 24, 2026 [1]. Group 1: Earnings Conference Call Details - The earnings conference call is scheduled for Wednesday, March 25, 2026, at 8:30 a.m. ET [3]. - A live audio webcast registration is available, and a replay will be accessible approximately two hours after the call [2]. Group 2: Company Overview - Worthington Enterprises is a designer and manufacturer of brands that enhance everyday life, operating in two primary segments: Building Products and Consumer Products [4]. - The Building Products segment includes solutions for heating, cooling, cooking, construction, and water systems, while the Consumer Products segment focuses on tools, outdoor living, and celebrations [4]. - The company is headquartered in Columbus, Ohio, and employs around 4,000 people across North America and Europe [5]. Group 3: Corporate Philosophy and Community Engagement - Founded in 1955, Worthington Enterprises follows a people-first philosophy, prioritizing shareholder earnings through employee empowerment and innovation [6]. - The company actively engages with local communities through volunteer efforts and workforce development programs, and it reports annually on its corporate citizenship and sustainability initiatives [6].

Company Overview - Worthington Enterprises, Inc. (NYSE:WOR) is an industrial manufacturing company operating in the Building Products and Consumer Products segments, previously known as Worthington Industries, Inc. [4] Financial Performance - The company reported revenue of $327 million in the second quarter, exceeding consensus estimates of $310.6 million, and showing a 19% increase from $274 million in the same quarter last year [3] - Adjusted earnings for the quarter were $0.65 per share, up from $0.60 per share in the prior year, while GAAP earnings were $0.55 per share compared to $0.56 per share in the previous year [3] Analyst Ratings - Seaport Global reiterated a Buy rating on Worthington Enterprises, setting a target price of $74 [1] - Canaccord Genuity lowered its price target from $73 to $69 while maintaining a Buy rating [1] Market Position - Worthington has delivered solid revenue results for eight consecutive quarters since separating its steel business, although it fell short of margin expectations due to one-time items [2]

Core Insights - Worthington Enterprises Inc. has completed the acquisition of LSI Group, enhancing its position in the building envelope market [1][2] - LSI Group is recognized as one of the largest U.S. manufacturers of standing-seam metal roof clips and retrofit components [1] Company Overview - Worthington Enterprises operates in two primary business segments: Building Products and Consumer Products [2] - The Building Products segment includes HVAC, metal roofing components, and construction solutions, while the Consumer Products segment covers tools and outdoor living [2] - The company employs approximately 4,000 people across North America and Europe [3] Corporate Philosophy and Community Engagement - Founded in 1955, Worthington Enterprises follows a people-first philosophy, prioritizing shareholder earnings [4] - The company engages with local communities through volunteer efforts and workforce development programs [4]

Summary of Worthington Enterprises Conference Call Company Overview - **Company Name**: Worthington Enterprises - **Industry**: Consumer and Building Products - **Background**: Formerly known as Worthington Industries, the company separated its steel processing business on December 1, 2023, creating distinct value opportunities for both entities [3][4] Core Business Segments - **Business Segmentation**: - Building Products: Approximately 60% of revenue, 75% of EBITDA [8][9] - Consumer Products: Includes tools, outdoor living products, and celebrations [12][21] - **Manufacturing**: Over 80% of products are sourced and manufactured in the U.S. [5] Financial Performance - **Recent Financials**: - Adjusted EBITDA increased by 21%, nearly $50 million year-over-year [19] - EBITDA margins expanded by approximately 260 basis points [19] - Free cash flow conversion is nearly 96% [23] - **CapEx**: $30 million spent on facility modernization projects, with an additional $30 million planned [23][41] Strategic Initiatives - **M&A Strategy**: - Focus on acquiring high-margin, lower capital intensity businesses in niche markets [16] - Recent acquisitions include Elgin and LSI, both expected to enhance the company's portfolio [18][39] - **Innovation and Transformation**: Emphasis on continuous improvement and operational excellence [6][8] Market Dynamics - **Consumer Products**: - Facing headwinds from tariffs, high interest rates, and cautious consumer spending [13][21] - Store count for Balloon Time products increased by 63% over the last two years [12] - **Building Products**: - Strong performance in heating and cooking, with a shift from heating oil to propane noted [31][32] - Joint ventures like WAVE and ClarkDietrich are performing well despite market fluctuations [25][26] Challenges and Risks - **Tariff Exposure**: Approximately 6%-7% of revenue is affected by tariffs, primarily from Asian imports [33][34] - **Market Conditions**: Commercial construction is expected to peak in May 2024, with potential slowdowns thereafter [11][26] Competitive Positioning - **Market Leadership**: The company positions itself as a domestic manufacturer with a strong value proposition, particularly in the building products sector [34] - **Financial Flexibility**: Maintains a conservative leverage ratio of less than 0.5 times net debt to EBITDA, allowing for strategic capital deployment [43][44] Conclusion - Worthington Enterprises is well-positioned for growth through strategic acquisitions, operational excellence, and a focus on innovation, despite facing macroeconomic challenges and tariff-related risks. The company’s strong financial performance and market leadership in niche segments provide a solid foundation for future opportunities.

Financial Performance - Net sales for the three months ended November 30, 2025, were $327,452 thousand, a 19.5% increase from $274,046 thousand in the same period of 2024[27] - Gross profit for the six months ended November 30, 2025, was $166,913 thousand, up 22.3% from $136,554 thousand in the prior year[27] - Operating income for the three months ended November 30, 2025, was $12,264 thousand, compared to $3,521 thousand in the same period of 2024, representing a significant improvement[27] - Net earnings attributable to controlling interest for the six months ended November 30, 2025, were $62,476 thousand, a 18.9% increase from $52,513 thousand in the same period of 2024[27] - Adjusted EBITDA for the six months ended November 30, 2025, was $125,538 million, compared to $104,649 million for the same period in 2024, reflecting an increase of about 19.9%[76] - Total net sales for the three months ended November 30, 2025, were $327,452 million, an increase from $274,046 million in the same period of 2024, representing a growth of approximately 19.5%[75] - Adjusted EBITDA for the three months ended November 30, 2025, was $60.5 million, a 7.6% increase from $56.2 million in the prior year[129] Cash and Liquidity - Cash and cash equivalents at the end of the period were $180,288 thousand, a decrease from $250,075 thousand at the beginning of the period[33] - The company reported a net cash provided by operating activities of $51,518 thousand for the three months ended November 30, 2025, compared to $49,053 thousand in the same period of 2024[33] - Net cash provided by operating activities was $92.6 million for the six months ended November 30, 2025, an increase of $2.4 million compared to the prior year[158] - Net cash used by investing activities was $117.9 million during the six months ended November 30, 2025, primarily due to the acquisition of Elgen and capital expenditures[159] - Net cash used by financing activities was $44.5 million for the six months ended November 30, 2025, including $20.0 million for share repurchases and $18.2 million in dividends[161] - The company has $500,000 million available under its multi-year revolving Credit Facility, with no borrowings outstanding as of November 30, 2025[56] - The company had no outstanding borrowings against its $500.0 million Credit Facility as of November 30, 2025, indicating full borrowing capacity available for future use[164] Assets and Liabilities - Total assets increased to $1,753,333 thousand as of November 30, 2025, compared to $1,695,152 thousand as of May 31, 2025[25] - Total liabilities rose to $790,310 thousand as of November 30, 2025, from $756,915 thousand as of May 31, 2025[25] - As of November 30, 2025, the total equity balance was $963.023 million, with controlling interest at $962.599 million and noncontrolling interest at $424 thousand[58] Dividends and Share Repurchase - The company declared cash dividends of $0.19 per common share for the three months ended November 30, 2025, compared to $0.17 in the same period of 2024[27] - The company declared cash dividends totaling $9.432 million for the six months ended November 30, 2025, consistent with the previous period[58] - The company repurchased 350,000 common shares during the six months ended November 30, 2025, leaving 5,015,000 shares available for repurchase[59] - The total number of common shares purchased from September 1 to November 30, 2025, was 286,578 shares, with an average price of $55.65 per share[177] - The maximum number of common shares that may yet be purchased under the publicly announced repurchase plans is 5,015,000 as of November 30, 2025[177] Acquisitions and Investments - The company acquired Elgen for $91,184 million, which is expected to enhance the Building Products segment's performance[79] - Goodwill from the Elgen acquisition amounted to $34,783 million, reflecting strategic benefits beyond the fair value of identifiable net assets[81] - The total identifiable assets acquired from Elgen were valued at $99,591 million, with intangible assets accounting for $34,800 million[82] - The company signed an agreement to acquire LSI for approximately $205 million, expected to close in January 2026, enhancing its Building Products segment[102] - On December 3, 2025, the company acquired Hydrostat's propane distribution and refurbishment assets for approximately $9.578 million, which will also be reported under Building Products starting Q3 fiscal 2026[103] Market Conditions and Demand - The company reported that demand for its products is closely tied to macroeconomic conditions, with moderate inflation and high mortgage rates impacting consumer sentiment and construction activity[116] - Inventory levels at key retail and distributor customers remained aligned with end-consumer demand, with no material build-up in distribution or retail channels[119] - The company expects demand to remain uneven as market participants await clearer signals on inflation and economic momentum[117] - U.S. residential construction spending was approximately 5% below prior year levels, while non-residential construction remained stable[121] - Existing home sales improved in November 2025, but authorized housing permits and private housing starts declined, indicating a weaker forward pipeline[121] - Builder sentiment, measured by the HMI, was at 38 in November 2025, marking the 19th consecutive month below the 50 threshold, with 41% of builders reporting price cuts[121] Financial Reporting and Compliance - The effective tax rate disclosures will be enhanced starting with the 2026 Form 10-K due to the adoption of ASU 2023-09[42] - The company expects no material impact on its financial condition from the adoption of ASU 2024-03 regarding expense disaggregation disclosures[43] - The estimated annual effective tax rate (ETR) for both the six months ended November 30, 2025, and November 30, 2024, was 24.1%[68] - Income tax expense for the three months ended November 30, 2025, was $8.8 million, a decrease of 3.3% from $9.1 million in the prior year quarter[145] - The company remains in compliance with financial covenants of its debt agreements, which do not include credit rating triggers or material adverse change provisions[164] - There were no changes in internal control over financial reporting that materially affected the company's financial reporting during the period covered[171] - The company is involved in various judicial and administrative proceedings but does not expect any material adverse effects on its business or financial position[173] - Risk factors have not changed significantly from those disclosed in the 2025 Form 10-K, which could materially affect the company's business and financial condition[174] - The company maintains effective disclosure controls and procedures, ensuring timely and accurate reporting of required information[169]

Core Insights - Worthington Enterprises will participate in the CJS Securities New Ideas for the New Year conference on January 14, 2026, at 8:45 a.m. ET [1] - The company's leadership will discuss strategies for growth and shareholder value through innovation, transformation, and M&A [2] Company Overview - Worthington Enterprises is a designer and manufacturer of brands that enhance everyday life, operating in two main segments: Building Products and Consumer Products [3] - The Building Products segment includes solutions for heating, cooling, cooking, construction, and water systems, while the Consumer Products segment focuses on tools, outdoor living, and celebrations [3] - The company employs approximately 4,000 people across North America and Europe [4] Corporate Philosophy and Community Engagement - Founded in 1955, Worthington Enterprises prioritizes a people-first philosophy, aiming to generate profits for shareholders while empowering employees [5] - The company is actively involved in local communities through volunteer efforts and the Worthington Companies Foundation, and it participates in workforce development programs [5]