Worthington Q4 revenue misses estimates on lower joint venture equity income
Worthington Enterprises, Inc. WOR | 0.00 |
Overview
US building and consumer products maker's fiscal Q4 revenue missed analyst expectations
Adjusted EPS for fiscal Q4 fell to $0.97 from $1.06 a year earlier
Company repurchased 350,000 shares for $18.2 mln and raised dividend by 5%
Outlook
Company did not provide specific financial guidance for fiscal 2027 or the current quarter
Result Drivers
ACQUISITIONS - Recent acquisitions contributed $44.1 mln to Q4 net sales growth, according to the company
ORGANIC GROWTH - Organic net sales increased 3% in Q4, excluding acquisitions, per company
JOINT VENTURE IMPACT - Lower equity income from ClarkDietrich joint venture reduced Building Products segment profit
Company press release: ID:nGNX7X5Yzq
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q4 Revenue |
Miss |
$371.50 mln |
$386.49 mln (5 Analysts) |
Q4 Net Income |
|
$48.10 mln |
|
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 $69.00, about 12.2% above its June 22 closing price of $61.49
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
