1. WOR's net sales rose 19% to $327.5 million. 2. Adjusted net earnings increased 7% to $32.5 million. 3. The company declared a quarterly dividend of $0.19 per share. 4. WOR announced acquisition of LSI Group for approximately $205 million. 5. Free cash flow improved 15% to $39.1 million.
FAQ
Why Bullish?
The strong sales growth, steady adjusted earnings, and acquisition indicates robust financial health, reminiscent of previous acquisitions driving growth.
How important is it?
Positive quarterly results and strategic acquisition position WOR favorably, aligning with growth strategies, likely attracting investor interest.
Why Short Term?
The acquisition's immediate benefits and upcoming dividend payment likely impact stock price quickly, similar to past performance spikes after key announcements.
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Worthington Enterprises Reports Second Quarter Fiscal 2026 Results
COLUMBUS, Ohio, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Worthington Enterprises Inc. (NYSE: WOR), a leading designer and manufacturer of consumer and building products, has released its financial results for the second quarter of fiscal 2026, which concluded on November 30, 2025. Highlighting significant business growth, the company reported a **19% increase** in net sales, showcasing strong operational performance despite a slight decline in net earnings.
Second Quarter Financial Highlights
- Net Sales: $327.5 million, up 19% from the previous year.
- Net Earnings: Decreased by 3% to $27.0 million.
- Adjusted Net Earnings: Increased by 7% to $32.5 million.
- Adjusted EBITDA: Grew 8% to $60.5 million.
- Earnings Per Share (EPS): Adjusted EPS rose to $0.65 from $0.60.
- Operating Cash Flow: Increased 5% to $51.5 million.
- Free Cash Flow: Improved by 15% to $39.1 million.
Share Buybacks and Dividend Declaration
Worthington Enterprises has been proactive in managing its capital. During the second quarter, the company repurchased **250,000 shares** at a cost of **$13.7 million**, leaving **5,015,000 shares** available under its repurchase program. Additionally, the company declared a quarterly dividend of **$0.19 per common share**, payable on March 27, 2026, to shareholders on record as of March 13, 2026.
Acquisitions: A Strategic Move
On December 16, 2025, Worthington Enterprises announced its intention to acquire LSI Group, a reputable manufacturer of commercial metal roof clips and accessories, for approximately **$205 million**. This acquisition is expected to close in January 2026, subject to regulatory approvals. President and CEO Joe Hayek remarked, "This acquisition exemplifies our growth strategy of acquiring leaders in attractive niche markets."
Segment Performance Overview
- Consumer Products: Generated net sales of **$119.9 million**, a **2.7% increase** from the prior year, with adjusted EBITDA remaining stable at **$15.3 million**.
- Building Products: Achieved net sales of **$207.5 million**, marking a **31.9% growth**, significantly bolstered by volumes from the recently acquired Elgen Manufacturing.
Future Outlook
Looking forward, Joe Hayek emphasized a commitment to delivering customer satisfaction and fostering sustainable growth: "As we enter the back half of our fiscal year, we are excited about the opportunities ahead." With a strong outlook for the remainder of fiscal 2026, the company anticipates capitalizing on seasonal trends to enhance shareholder value.
Conference Call Information
Worthington Enterprises will hold a conference call on December 17, 2025, at 8:30 a.m. Eastern Time to discuss its second-quarter fiscal 2026 results in detail. Interested parties can find additional details on the company’s website at www.WorthingtonEnterprises.com.
About Worthington Enterprises
Founded in 1955, Worthington Enterprises (NYSE: WOR) is a prominent designer and manufacturer of brands aimed at enhancing everyday life. Operating through two main segments—Building Products and Consumer Products—the company's portfolio includes widely recognized brands like Balloon Time®, Bernzomatic®, and Coleman®. Headquartered in Columbus, Ohio, Worthington Enterprises employs approximately **6,000 individuals** across North America and Europe, consistently striving for innovation and excellence in product development.