Worthington Enterprises' Q2 revenue beats estimates driven by higher Building Products volume

Overview

• U.S. consumer and building products firm's fiscal Q2 revenue rose 19%, beating analyst expectations

• Adjusted EPS for fiscal Q2 rose to $0.65

• Company announced acquisition of LSI Group for $205 mln, closing expected January 2026

Outlook

• Company expects a seasonally stronger second half of the fiscal year

• Worthington Enterprises to acquire LSI Group in January 2026

Result Drivers

• BUILDING PRODUCTS VOLUME - Higher volumes in Building Products, including contributions from Elgen Manufacturing, drove net sales increase

• CONSUMER PRODUCTS MIX - Consumer Products net sales rose due to favorable product mix, offset by higher conversion costs and lower volumes

• MISCELLANEOUS EXPENSE IMPACT - Miscellaneous income was unfavorable due to divestment of SES joint venture, affecting earnings

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

• Wall Street's median 12-month price target for Worthington Enterprises Inc is $73.00, about 26.4% above its December 15 closing price of $57.74

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nGNX5dBFwd

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.