Stock Track | Worthington Enterprises Plunges 9.42% After-Hours on Q2 Earnings Miss

Stock Track12-17

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment