Core Insights - Worthington Enterprises Inc. reported strong financial results for the first quarter of fiscal 2026, with significant growth in net sales and earnings compared to the previous year [4][5][6]. Financial Performance - Net sales reached $303.7 million, an increase of 18% from $257.3 million in the first quarter of fiscal 2025 [4][5]. - Net earnings rose by 45% to $34.8 million, up from $24.0 million in the prior year [5][6]. - Adjusted EBITDA grew by 34% to $65.1 million, compared to $48.4 million in the same quarter last year [5][6]. - Diluted earnings per share improved from $0.48 to $0.70, while adjusted diluted EPS increased from $0.50 to $0.74 [5][6]. Segment Performance - The Building Products segment generated net sales of $184.8 million, a 32.2% increase driven by higher volumes and contributions from the recent acquisition of Elgen, which added $20.9 million in sales [12][13]. - Consumer Products segment sales were $118.9 million, slightly up from $117.6 million, although adjusted EBITDA decreased due to lower volumes and increased expenses [12][13]. Cash Flow and Capital Expenditures - Operating cash flow remained flat at $41.1 million compared to the prior year, while free cash flow decreased by 12% to $27.9 million due to increased capital expenditures [5][10]. - The company invested approximately $13.2 million in capital expenditures, including $8.6 million for ongoing facility modernization projects [10][11]. Balance Sheet and Debt - The company ended the quarter with cash of $167.1 million, down from $250.1 million at the end of the previous quarter, primarily due to the acquisition of Elgen [10][11]. - Total debt increased to $306.0 million, all of which is long-term debt, reflecting a $3.1 million rise from the previous quarter [11]. Strategic Developments - The acquisition of Elgen Manufacturing for $91.2 million enhances Worthington's position in the commercial HVAC market and broadens its product offerings [5][14]. - The company declared a quarterly dividend of $0.19 per share, payable on December 29, 2025, to shareholders of record on December 15, 2025 [5].

Core Viewpoint - Worthington Enterprises Inc. has published its annual Corporate Citizenship and Sustainability Report, highlighting its commitments and achievements in sustainability across the categories of People, Planet, Products, and Governance [1][2]. Group 1: Sustainability Achievements - The company aims to balance people, planet, and prosperity, achieving significant accomplishments in fiscal 2025 [2]. - Worthington Enterprises has reduced its environmental footprint by recycling or recovering 88% of total waste in FY25 [6]. - The company has avoided $6.05 million in costs through climate risk mitigation actions over the last three fiscal years [6]. - Worthington Enterprises contributed $3.1 million to 73 non-profit organizations, including the West Africa Clean Cooking Fund [6]. Group 2: Corporate Governance and Standards - The Corporate Citizenship and Sustainability Report was developed in accordance with Global Reporting Initiative (GRI) Standards and incorporates elements from the Task Force on Climate-related Financial Disclosures (TCFD) and Sustainability Accounting Standards Board (SASB) [3]. - Company activities align with the United Nations Sustainable Development Goals (SDGs) [3]. Group 3: Employee Engagement and Safety - The company prioritizes safety, outperforming the industry's average safety total case incident rate by 40% [6]. - An annual employee engagement survey saw participation from 85% of the workforce [6]. - The company has reinvigorated its internal safety program to foster a culture of health and well-being [6]. Group 4: Business Segments and Operations - Worthington Enterprises operates primarily in two business segments: Building Products and Consumer Products [4]. - The Building Products segment includes HVAC components, construction solutions, and water solutions, while the Consumer Products segment covers tools and outdoor living [4]. - The company employs approximately 6,000 people across North America and Europe [5].

Company Overview - Worthington Enterprises (NYSE: WOR) is a designer and manufacturer of market-leading brands that enhance everyday life by improving spaces and experiences [3] - The company operates in two primary business segments: Building Products and Consumer Products [3] - The Building Products segment includes solutions for heating and cooling, cooking, construction, and water systems, while the Consumer Products segment focuses on tools, outdoor living, and celebrations [3] - Worthington Enterprises employs approximately 6,000 people across North America and Europe [4] Leadership and Strategy - President and CEO Joe Hayek and CFO Colin Souza will participate in a fireside chat at the Canaccord Genuity 45 Annual Growth Conference on August 12, 2025 [1][2] - The discussion will focus on the company's strategies for accelerating long-term growth and shareholder value through the Worthington Business System, which emphasizes innovation, transformation, and mergers and acquisitions (M&A) [2] Corporate Philosophy and Community Engagement - Founded in 1955, Worthington Enterprises follows a people-first philosophy, prioritizing shareholder earnings as its primary corporate goal [5] - The company empowers employees to innovate and grow within attractive markets, while also engaging with local communities through volunteer efforts and workforce development programs [5]

Core Insights - Worthington Enterprises Inc. reported strong fourth quarter results for fiscal 2025, showing year-over-year and sequential growth in adjusted EBITDA, adjusted EPS, and free cash flow, driven by effective cost management and execution in its Consumer and Building Products segments [3][4][6]. Financial Performance - Net sales for Q4 2025 were $317.9 million, a slight decrease of 0.3% compared to Q4 2024, primarily due to the deconsolidation of the Sustainable Energy Solutions segment [5][6][8]. - The operating loss improved to $30.4 million from $56.1 million in the prior year, with adjusted operating income rising to $21.8 million, an increase of $16.0 million [5][9]. - Net earnings from continuing operations increased by 111% to $3.6 million, with adjusted EBITDA growing 35% to $85.1 million [6][9]. - Earnings per share from continuing operations improved from a loss of $(0.64) to a profit of $0.08, while adjusted EPS rose from $0.74 to $1.06 [6][28]. Cash Flow and Capital Management - Operating cash flow increased by 38% to $62.4 million, and free cash flow rose by 46% to $49.3 million [6][12]. - The company repurchased 200,000 shares for $9.8 million and declared a quarterly dividend of $0.19 per share, a 12% increase from the previous quarter [6][12]. Segment Performance - Consumer Products segment generated net sales of $125.6 million, remaining flat year-over-year, while adjusted EBITDA increased by $3.7 million to $20.8 million [14]. - Building Products segment saw net sales rise by 25.2% to $192.3 million, with adjusted EBITDA increasing by $19.6 million to $71.3 million, driven by higher volumes and contributions from the Ragasco acquisition [15][18]. Strategic Developments - The acquisition of Elgen Manufacturing for approximately $93 million was completed on June 19, 2025, aligning with the company's growth strategy in niche markets [6][16]. - The company expressed confidence in its ability to drive sustainable growth and long-term value heading into fiscal 2026 [16].

Core Viewpoint - Worthington Enterprises has acquired Elgen Manufacturing for approximately $93 million, enhancing its position in the HVAC market and aligning with its strategy to build leadership in niche markets [1][4]. Company Overview - Worthington Enterprises is a designer and manufacturer of brands that improve everyday life, operating primarily in two segments: Building Products and Consumer Products [5][6]. - The Building Products segment includes solutions for heating, cooling, construction, and water applications, while the Consumer Products segment covers tools and outdoor living [5]. Acquisition Details - Elgen Manufacturing, based in Closter, New Jersey, specializes in HVAC parts and components, generating net sales of $114.9 million and EBITDA of $13.3 million for the trailing 12 months ended April 30, 2025 [4]. - The acquisition is expected to create synergies and growth opportunities by leveraging Worthington's manufacturing expertise and distribution model [2][3]. Strategic Fit - The acquisition aligns with Worthington's strategy to acquire businesses with strong market positions, as Elgen's manufacturing processes and sales strategies complement those of Worthington [2][3]. - Elgen's products are used in commercial buildings, and its sales strategy focuses on direct sales to contractors and partnerships with distributors, enhancing customer service and lead times [2]. Leadership and Integration - Elgen's leadership team, including CEO David Young, will remain with the company, ensuring continuity and commitment to customer service and innovation [3].

Core Viewpoint - Worthington Enterprises Inc. will hold its quarterly earnings conference call on June 25, 2025, to discuss its fiscal fourth quarter results, which will be released after market close on June 24, 2025 [1]. Company Overview - Worthington Enterprises (NYSE: WOR) is a designer and manufacturer of market-leading brands that enhance everyday life through its two primary business segments: Building Products and Consumer Products [4]. - The Building Products segment includes solutions for cooking, heating, cooling, water, architectural and acoustical grid ceilings, and metal framing and accessories, while the Consumer Products segment focuses on tools, outdoor living, and celebrations [4]. - The company’s product brands include Balloon Time®, Bernzomatic®, Coleman® (propane cylinders), CoMet®, Garden-Weasel®, General®, HALO™, Hawkeye™, Level5 Tools®, Mag Torch®, NEXI™, Pactool International®, PowerCore™, Ragasco®, Well-X-Trol®, and XLite™ [4]. Employment and Corporate Philosophy - Worthington Enterprises is headquartered in Columbus, Ohio, and employs approximately 6,000 people across North America and Europe [5]. - Founded in 1955, the company follows a people-first philosophy, prioritizing shareholder earnings while empowering employees to innovate and grow within attractive markets [6]. - The company engages with local communities through volunteer efforts and the Worthington Companies Foundation, and actively participates in workforce development programs [6].