Worthington Industries(WOR) - 2026 Q1 - Earnings Call Presentation

Financial Performance - Consolidated net sales increased by 18% year-over-year to $304 million, driven by higher volumes in Building Products and contributions from Elgen[5] - Gross margin expanded to 27.1% from 24.3%, and Adjusted EBITDA margin rose to 21.4% from 18.8% in the prior year quarter[5] - Adjusted EPS increased from $0.50 to $0.74[8] - Free cash flow for Q1 was $28 million, with $13 million in capex spend, including $9 million related to facility modernization projects[7] Segment Performance - Building Products Adjusted EBITDA increased from $40 million to $58 million, with Adjusted EBITDA margin improving from 28.4% to 31.3%[5] - Building Products net sales increased from $140 million to $185 million[8] - Consumer Products Adjusted EBITDA decreased slightly from $18 million to $16 million, with Adjusted EBITDA margin decreasing from 15.1% to 13.6%[5] - Consumer Products net sales increased slightly from $118 million to $119 million[8] Capital Allocation - The company repurchased 100 thousand shares of common stock during Q1 for $6 million, at an average purchase price of $62.59, leaving 5.3 million shares remaining on the share repurchase authorization[7] - A dividend of $0.19 per share was declared, payable in December 2025[7] - Elgen Manufacturing was acquired for approximately $91 million, net of cash acquired, on June 18, 2025[7] Overall Financial Position - Net sales of $1.2 billion and Adjusted EBITDA of $280 million[87] - The company has ample liquidity of $667 million, including $167 million in cash and cash equivalents and $500 million of capacity from undrawn revolver as of 08/31/25[80]