Worthington Enterprises

Q4 FY2026 EarningsFY26 revenue surged 20% YoY to $1.4B, with Q4 delivering $371M (up 17% YoY). Growth was primarily driven by strategic M&A (Elgen and LSI) and resilient Data Center demand, specifically in liquid cooling ASME tanks which generated $13M in FY26 and are expected to repeat that volume in Q1 FY27 alone. FY26 adjusted EBITDA rose 12% to $296M despite a $19M decline in equity income from the ClarkDietrich JV. Free cash flow reached a record $170M for the full year, representing a 102% conversion of adjusted net earnings.