Short answer
WORTHINGTON ENTERPRISES, INC. (WOR) filed its fiscal 2026 10-K annual report with the SEC on Jul 30, 2026. It reported revenue of $1.4B (+19.7% year over year) and net income of $156M.
- Top risk flagged: Section 'risk_factors' was empty or not found.
FY2026 key financial metrics · XBRL
- Revenue
- $1.4B
- +19.7% YoY
- Net income
- $156M
- +62.5% YoY
- Operating margin
- 5.5%
- +6.4 pp YoY
- Gross margin
- 27.4%
- −0.3 pp YoY
- EPS (diluted)
- $3.14
- +63.5% YoY
- ROE
- 15.2%
- +4.9 pp YoY
- Operating cash flow
- $226M
- +7.8% YoY
Source: XBRL data from the WORTHINGTON ENTERPRISES, INC. (WOR) FY2026 10-K on SEC EDGAR. USD.
WORTHINGTON ENTERPRISES, INC. FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model shifted to Building Products and Consumer Products segments post-Separation of steel processing business on Dec 1, 2023
- Acquired LSI ($206.6M) and Elgen ($90.7M) in 2025-2026 to expand Building Products, adding metal roof clips and HVAC components
- Building Products sales rose to 62% of total net sales in fiscal 2026, up from 57% in 2025, indicating strategic focus shift
- Employee count stable at 3,800 with additional 2,400 in joint ventures; fiscal 2026 capital expenditures $727M including acquisitions
- Integration of AI technologies acknowledged with detailed risk and governance approach, reflecting new operational emphasis
Management Discussion & Analysis
- Revenue $742M in fiscal 2026 with Building Products at 62% ($460M) and Consumer Products 38% ($282M); Building Products grew from 50% in 2024 to 62% in 2026, Consumer Products down from 40% to 38%
- Adjusted EBITDA from continuing operations $295.8M in 2026 vs $265.0M in 2025, margin approx. 39.9% ($742M net sales), up from ~$36.4% in 2025; adjusted EPS $3.37 in 2026 vs $3.09 in 2025
- Best segment: Building Products with 62% of net sales and significant acquisition-driven growth including LSI ($206.6M) and Elgen ($90.7M) in 2026; Worst: Consumer Products declined as % of net sales from 43% (2025) to 38% (2026)
- Cash flow and capital allocation: used $206.6M for LSI acquisition, $90.7M for Elgen, $9.3M for Hydrostat assets; repurchased 356,705 common shares at avg $52.17/share; received $150M dividend from separated Worthington Steel, used to repay 2024 Notes
- Forward outlook: cautious given elevated mortgage rates (~6.5%), inflation at 4.2%, supply chain normalization in Building Products, and soft demand; risks from steel price volatility, geopolitical unrest, AI regulatory and operational risks, and cybersecurity threats highlighted for fiscal 2027
Risk Factors
- Section 'risk_factors' was empty or not found.
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