Worthington Enterprises, Inc. reported financial results for the three-month period ended August 31, 2026, its fiscal 2027 first quarter. Net sales for the quarter totaled $343.9 million, representing an increase of $40.2 million, or 13%, compared to the same period in the prior fiscal year. The company attributes this growth to 6% from recent acquisitions and 7% from organic growth.
GAAP net earnings for the quarter were $42.6 million, an increase of 22% compared to the prior year. On a per-share basis, fully diluted earnings per share (EPS) improved to $0.87 from $0.70. The company also reported adjusted net earnings of $40.1 million and adjusted EBITDA of $74.0 million, with adjusted EPS – diluted increasing to $0.82 per share.
Operating cash flow for the quarter was $66.7 million, up $25.7 million from the prior year, while free cash flow increased $26.1 million to $54.0 million. During the period, the company repurchased 335,000 common shares for $18.2 million, leaving 4,230,000 shares available under its existing authorization.
The company amended its revolving credit facility to extend the maturity date to August 31, 2031. As of August 31, 2026, the company had no borrowings under the facility and $500.0 million available for future use. Total debt at the end of the quarter was $305.6 million, consisting entirely of long-term debt, and cash stood at $55.1 million.
On September 22, 2026, the company’s Board of Directors declared a quarterly cash dividend of $0.20 per share. The dividend is payable on December 29, 2026, to shareholders of record at the close of business on December 15, 2026.
Additionally, the company announced it will host an Investor and Analyst Day on November 10, 2026, in New York City. Leadership, including CEO Joe Hayek and CFO Colin Souza, will provide an in-depth review of the company’s strategy and financial performance.
