Worthington Enterprises 4Q Profit Up as Acquisitions Drive 17% Sales Gain

Dow Jones06-24

By Grace Yoon

Worthington Enterprises had a higher profit in its fourth quarter as recent acquisitions provided a double-digit boost to sales.

The building and consumer products company reported net income of $48.1 million, or 97 cents a share, compared with $3.88 million, or 8 cents a share, in the same quarter a year earlier.

Adjusted earnings were 97 cents a share. Analysts polled by FactSet expected $1.06 a share.

Revenue rose 17% to $317.5 million, falling short of analyst expectations for $386.5 million. Sales increased nearly 28% in its building products business, primarily due to acquisitions, and rose slightly in its consumer product unit.

Shares fell 12.6% in after-hours trading to $53.35. Through Tuesday's close, the stock had gained 18.3% this year.

Chief Executive Joe Hayek said the company would focus on integrating its recent acquisitions to build growth momentum.

Worthington closed its $205 million acquisition of LSI Group, which operates in the commercial metal roof market, in January.

The company also raised its quarterly dividend by 5%, to 20 cents a share from 19 cents. The new payout, equal to 80 cents, represents an annual yield of about 1.3% based on Tuesday's closing price of $61.03. The dividend is payable September 29.

Write to Grace Yoon at grace.yoon@wsj.com

(END) Dow Jones Newswires

June 23, 2026 16:44 ET (20:44 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The new payout, equal to 80 cents","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WOR":"Worthington Industries Inc"},"translate_title":"收购推动销售额增长17%，Worthington Enterprises第四季度利润增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WOR":1.5},"content_text":"By Grace Yoon \n\n\n \n\n\n  Worthington Enterprises had a higher profit in its fourth quarter as recent acquisitions provided a double-digit boost to sales. \n\n\n  The building and consumer products company reported net income of $48.1 million, or 97 cents a share, compared with $3.88 million, or 8 cents a share, in the same quarter a year earlier. \n\n\n  Adjusted earnings were 97 cents a share. Analysts polled by FactSet expected $1.06 a share. \n\n\n  Revenue rose 17% to $317.5 million, falling short of analyst expectations for $386.5 million. 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