--- title: "Worthington Enterprises | 10-Q: FY2026 Q3 Revenue Beats Estimate at USD 378.68 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/282220727.md" datetime: "2026-04-09T15:28:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282220727.md) - [en](https://longbridge.com/en/news/282220727.md) - [zh-HK](https://longbridge.com/zh-HK/news/282220727.md) --- # Worthington Enterprises | 10-Q: FY2026 Q3 Revenue Beats Estimate at USD 378.68 M Revenue: As of FY2026 Q3, the actual value is USD 378.68 M, beating the estimate of USD 349.41 M. EPS: As of FY2026 Q3, the actual value is USD 0.92, beating the estimate of USD 0.9167. EBIT: As of FY2026 Q3, the actual value is USD 62.29 M. #### Segment Net Sales - **Three Months Ended February 28, 2026 vs. 2025:** - Building Products net sales were $223.9 million in 2026, an increase of $59.1 million (35.9%) from $164.8 million in 2025, with acquisitions contributing $32.2 million to net sales in the current quarter. - Consumer Products net sales were $154.8 million in 2026, an increase of $15.1 million (10.8%) from $139.7 million in 2025, driven by higher volume and average selling prices. - Consolidated net sales for 沃辛顿工业 (Worthington Enterprises, Inc.) were $378.7 million in 2026, an increase of $74.2 million (24.4%) from $304.5 million in 2025. - **Nine Months Ended February 28, 2026 vs. 2025:** - Building Products net sales were $616.1 million in 2026, an increase of $154.3 million (33.4%) from $461.8 million in 2025, with acquisitions contributing $77.6 million to net sales. - Consumer Products net sales were $393.7 million in 2026, an increase of $19.6 million (5.2%) from $374.1 million in 2025, primarily due to higher average selling prices offsetting slightly lower volume. - Consolidated net sales for 沃辛顿工业 (Worthington Enterprises, Inc.) were $1,009.8 million in 2026, an increase of $173.9 million (20.8%) from $835.9 million in 2025. #### Gross Profit - **Three Months Ended February 28, 2026 vs. 2025:** - Gross profit increased by $20.3 million (22.8%) to $109.5 million in 2026 from $89.2 million in 2025. - Gross margin was 28.9% in 2026, slightly down from 29.3% in 2025, primarily due to the amortization of inventory step-up from the LSI acquisition. - **Nine Months Ended February 28, 2026 vs. 2025:** - Gross profit increased by $50.6 million (22.4%) to $276.4 million in 2026 from $225.8 million in 2025. - Gross margin was 27.4% in 2026, up from 27.0% in 2025. #### Selling, General and Administrative (SG&A) Expense - **Three Months Ended February 28, 2026 vs. 2025:** - SG&A increased by $12.7 million (20.2%) to $75.7 million in 2026 from $63.0 million in 2025, mainly due to the LSI and Elgen acquisitions. - SG&A as a percentage of net sales decreased to 20.0% in 2026 from 20.7% in 2025. - **Nine Months Ended February 28, 2026 vs. 2025:** - SG&A increased by $20.0 million (10.2%) to $217.0 million in 2026 from $197.0 million in 2025, primarily due to the LSI and Elgen acquisitions. - SG&A as a percentage of net sales decreased to 21.5% in 2026 from 23.6% in 2025. #### Restructuring and Other Expense, Net - **Three Months Ended February 28, 2026 vs. 2025:** - Restructuring and other expense, net was $2.2 million in 2026 compared to $5.4 million in 2025. - **Nine Months Ended February 28, 2026 vs. 2025:** - Restructuring and other expense, net was $6.3 million in 2026 compared to $9.2 million in 2025, with expenses primarily related to acquisition transaction costs and employee severance. #### Miscellaneous Income (Expense), Net - **Three Months Ended February 28, 2026 vs. 2025:** - Miscellaneous income (expense), net was -$0.3 million in 2026 compared to $0.3 million in 2025. - **Nine Months Ended February 28, 2026 vs. 2025:** - Miscellaneous income (expense), net was -$4.6 million in 2026 compared to $0.8 million in 2025, primarily driven by the divestiture of the 49% interest in the composite business of the SES joint venture and related mark-to-market loss on marketable securities. #### Interest Expense, Net - **Three Months Ended February 28, 2026 vs. 2025:** - Interest expense, net increased by -$1.2 million to -$1.8 million in 2026 from -$0.6 million in 2025. - **Nine Months Ended February 28, 2026 vs. 2025:** - Interest expense, net increased by -$1.2 million to -$3.4 million in 2026 from -$2.2 million in 2025, due to lower interest income and higher average debt levels from funding the LSI acquisition. #### Equity Income (from unconsolidated affiliates) - **Three Months Ended February 28, 2026 vs. 2025:** - Total equity income decreased by -$1.4 million (-4.4%) to $30.7 million in 2026 from $32.1 million in 2025. - WAVE contributions increased by $2.1 million (8.4%) to $27.1 million, while ClarkDietrich contributions decreased by -$3.8 million (-40.0%) to $5.7 million due to weak non-residential construction and pricing pressure. - **Nine Months Ended February 28, 2026 vs. 2025:** - Total equity income decreased by -$5.6 million (-5.5%) to $96.5 million in 2026 from $102.1 million in 2025. - WAVE contributions increased by $8.4 million (10.9%) to $85.8 million, whereas ClarkDietrich contributions decreased by -$12.2 million (-43.6%) to $15.8 million due to pricing pressure and unfavorable project mix. #### Adjusted EBITDA (Non-GAAP) - **Three Months Ended February 28, 2026 vs. 2025:** - Building Products Adjusted EBITDA increased by $5.6 million (10.5%) to $58.8 million (26.3% of net sales) in 2026 from $53.2 million (32.3% of net sales) in 2025. - Consumer Products Adjusted EBITDA increased by $6.9 million (24.1%) to $35.5 million (22.9% of net sales) in 2026 from $28.6 million (20.5% of net sales) in 2025. - Other Adjusted EBITDA increased by $0.3 million to -$2.1 million in 2026 from -$2.4 million in 2025. - Unallocated Corporate Adjusted EBITDA decreased by -$2.0 million (-35.7%) to -$7.6 million (-2.0% of net sales) in 2026 from -$5.6 million (-1.8% of net sales) in 2025, primarily due to higher profit sharing and bonus accruals. - Consolidated Adjusted EBITDA for 沃辛顿工业 (Worthington Enterprises, Inc.) increased by $10.8 million (14.6%) to $84.6 million (22.3% of net sales) in 2026 from $73.8 million (24.2% of net sales) in 2025. - **Nine Months Ended February 28, 2026 vs. 2025:** - Building Products Adjusted EBITDA increased by $30.2 million (21.3%) to $171.8 million (27.9% of net sales) in 2026 from $141.6 million (30.7% of net sales) in 2025, with acquisitions contributing $9.0 million. - Consumer Products Adjusted EBITDA increased by $5.0 million (8.1%) to $66.9 million (17.0% of net sales) in 2026 from $61.9 million (16.5% of net sales) in 2025. - Other Adjusted EBITDA decreased by -$1.8 million to -$5.1 million in 2026 from -$3.3 million in 2025. - Unallocated Corporate Adjusted EBITDA decreased by -$1.0 million (-4.9%) to -$21.3 million (-2.1% of net sales) in 2026 from -$20.3 million (-2.4% of net sales) in 2025. - Consolidated Adjusted EBITDA for 沃辛顿工业 (Worthington Enterprises, Inc.) increased by $32.4 million (18.0%) to $212.3 million (21.0% of net sales) in 2026 from $179.9 million (21.5% of net sales) in 2025. #### Cash Flow - **Nine Months Ended February 28, 2026 vs. 2025:** - Net cash provided by operating activities was $154.5 million in 2026, up $7.2 million from $147.3 million in 2025. - Net cash used by investing activities was -$343.9 million in 2026, compared to -$115.1 million in 2025, primarily driven by $303.4 million for acquisitions and $39.4 million in property, plant, and equipment investments. - Net cash used by financing activities was -$54.7 million in 2026, compared to -$53.6 million in 2025, including -$25.3 million for common share repurchases and -$27.5 million for dividends. - Cash and cash equivalents at the end of the period were $6.0 million in 2026, a decrease of -$244.1 million from $250.1 million at the beginning of the period. #### Capital Expenditures - **Nine Months Ended February 28, 2026 vs. 2025:** - Total capital expenditures were $39.4 million in 2026, compared to $37.5 million in 2025. - Consumer Products capital expenditures were $22.0 million in 2026 vs. $19.5 million in 2025. - Building Products capital expenditures were $15.4 million in 2026 vs. $11.5 million in 2025. - Unallocated Corporate capital expenditures were $2.0 million in 2026 vs. $6.5 million in 2025. #### Acquisitions and Divestitures (Fiscal 2026) - 沃辛顿工业 (Worthington Enterprises, Inc.) acquired LSI for $206.1 million (net of cash acquired) on January 16, 2026, adding standing-seam metal roof clips to the Building Products segment. - The company also acquired Hydrostat’s propane distribution and refurbishment assets for approximately $9.6 million on December 3, 2025, integrating it into the Building Products segment. - On June 18, 2025, 沃辛顿工业 (Worthington Enterprises, Inc.) acquired Elgen, a provider of HVAC parts and components, for approximately $90.7 million (net of cash acquired), which operates as part of the Building Products segment. - On October 16, 2025, 沃辛顿工业 (Worthington Enterprises, Inc.) divested its 49% interest in the composite business of its SES joint venture, receiving common shares of Hexagon Composites and Hexagon Purus. #### Future Outlook and Strategy 沃辛顿工业 (Worthington Enterprises, Inc.) anticipates continued macroeconomic pressure on discretionary spending in Consumer Products due to elevated interest rates and cautious sentiment, impacting large-ticket purchases and project timing. The company expects uneven demand across its end markets, with some stabilization in resale housing but ongoing softness in new residential construction and non-residential planning. In response, 沃辛顿工业 (Worthington Enterprises, Inc.) is focusing on disciplined execution, portfolio diversification, and operational efficiency to mitigate near-term pressures and achieve long-term success. ### Related Stocks - [WOR.US](https://longbridge.com/en/quote/WOR.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Kyivstar Delivers Strong Start to 2026 with Diverse, Profitable Growth | KYIV Stock News](https://longbridge.com/en/news/286193954.md) - [OceanPal Inc. Announces 2026 Annual General Meeting of Shareholders to be Held on June 16, 2026 | SVRN Stock News](https://longbridge.com/en/news/286308382.md) - [STAK Inc. 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