Worthington Enterprises reported $343.9 million in net sales for the first quarter of fiscal 2027, an increase of 13% year over year, supported by organic growth and recent acquisitions. The Columbus, Ohio-based manufacturer also reported higher earnings, increased cash flow, and continued share repurchases.
For the quarter ended August 31, 2026, revenue increased by $40.2 million compared with the corresponding period of fiscal 2026. Organic growth contributed 7 percentage points, while acquisitions accounted for the remaining 6 percentage points.
Net earnings increased 22% to $42.6 million, while adjusted net earnings rose 3% to $40.1 million. Adjusted EBITDA increased 10% to $74 million.
Diluted earnings increased to $0.87 per share from $0.70 a year earlier. Adjusted diluted earnings reached $0.82 per share, compared with $0.78 in the prior-year quarter.
The company also reported substantial improvements in cash generation.
Operating cash flow increased $25.7 million to $66.7 million, while free cash flow rose $26.1 million to $54 million, nearly doubling compared with the previous year.
The results reflect Worthington’s strategy of expanding its business through a combination of organic growth, acquisitions, and operational improvements.
Worthington designs and manufactures products and solutions for building, trade, and specialty applications. Its businesses serve customers across construction-related and other end markets.
The company also announced changes to the names of its two operating segments to better reflect their respective products, customers, and market opportunities.
Its former Building Products segment is now Building Performance Solutions, while Consumer Products has been renamed Trade & Specialty Solutions.
The revised names are intended to reflect the company’s business portfolio and the applications served by each division.
Worthington continues to pursue a combination of internal growth initiatives and acquisitions as it expands its operations.
Recent acquisitions contributed approximately six percentage points to the company’s first-quarter revenue growth, while organic growth accounted for a slightly larger portion of the increase.
In addition to investing in its businesses, Worthington continued returning capital to shareholders during the quarter.
The company repurchased 335,000 common shares for approximately $18.2 million.
Following those purchases, approximately 4.23 million shares remained available under its existing share repurchase authorization.
Worthington’s board also declared a quarterly dividend of $0.20 per share, payable on December 29, 2026, to shareholders of record at the close of business on December 15.
The first-quarter results establish a foundation for the company’s fiscal 2027 performance as management continues focusing on organic growth, integrating acquisitions, and generating cash flow.
KEY QUOTES:
“We started fiscal 2027 with solid performance as our teams continued to execute well and deliver for our customers. We generated 7% organic growth, grew adjusted EBITDA by 10% and nearly doubled free cash flow. These results reflect the progress we are making as we continue to optimize and grow Worthington Enterprises.”
Joe Hayek, President And CEO Of Worthington Enterprises
