Worthington Q4 revenue misses estimates on lower joint venture equity income

Worthington Enterprises, Inc.

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


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