Worthington Enterprises (NYSE: WOR) saw its shares plummet 9.42% in after-hours trading following the release of its second-quarter fiscal 2026 results. The steep decline came despite the company reporting a 19% year-over-year increase in net sales to $327.5 million, which beat analyst estimates.
The drop was primarily driven by a miss in adjusted earnings per share (EPS), which came in at $0.65 compared to the consensus estimate of $0.70. This 7.67% shortfall overshadowed the sales beat and led to a sharp sell-off. The company also reported a 3% decline in net earnings to $27.0 million, though adjusted net earnings rose 7% to $32.5 million.
While Worthington announced an agreement to acquire LSI Group for approximately $205 million, this positive development was overshadowed by the earnings disappointment. Investors reacted strongly to the EPS miss, leading to the significant after-hours decline.
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