WORTHINGTON ENTERPRISES, INC. (WOR) FY2026 10-K Annual Report
WORTHINGTON ENTERPRISES, INC. (WOR) 10-K annual report for fiscal year 2026, filed with SEC EDGAR on Jul 30, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
WORTHINGTON ENTERPRISES, INC. FY2026 10-K Analysis
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.
WORTHINGTON ENTERPRISES, INC. FY2026 Key Financial MetricsXBRL
Revenue
$1.4B
▲ +19.7% YoY
Net Income
$156M
▲ +62.5% YoY
Gross Margin
27.4%
▼ -27bp YoY
Operating Margin
5.5%
▲ +645bp YoY
Net Margin
11.3%
▲ +297bp YoY
ROE
15.2%
▲ +495bp YoY
Total Assets
$1.8B
▲ +9.0% YoY
EPS (Diluted)
$3.14
▲ +63.5% YoY
Operating Cash Flow
$226M
▲ +7.8% YoY
Source: XBRL data from WORTHINGTON ENTERPRISES, INC. FY2026 10-K filing on SEC EDGAR. All figures in USD.
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