Worthington Enterprises Reports 19.7% Revenue Growth to $1.38 Billion for Fiscal Year Ending May 31, 2026

Worthington Enterprises, Inc. reported significant financial improvements for the fiscal year ending May 31, 2026, with net sales reaching $1.38 billion, a 19.7% increase from $1.15 billion in the previous year. The company's operating income turned positive at $76.2 million, compared to a loss of $10.7 million in fiscal 2025. Net earnings from continuing operations also rose to $155 million, up from $95 million in the prior year, reflecting a strong recovery and operational efficiency. Earnings per share from continuing operations increased to $3.14, compared to $1.92 in fiscal 2025.

The fiscal year saw notable strategic developments, including the acquisition of LSI, a major player in the commercial roofing market, for approximately $206.6 million, and the purchase of Hydrostat's propane distribution assets for $9.3 million. Additionally, Worthington acquired Elgen, a provider of HVAC components, for $90.7 million. These acquisitions contributed significantly to the company's revenue growth, particularly in the Building Products segment, which accounted for 62% of total sales, up from 57% in fiscal 2025.

Operationally, Worthington Enterprises reported a total employee headcount of approximately 3,800, with an additional 2,400 employees in its unconsolidated joint ventures. The company also noted that international operations contributed about 12% of consolidated net sales, primarily from Europe. The Building Products segment benefited from increased demand for HVAC systems and pressurized containment solutions, driven by regulatory changes requiring the use of A2L refrigerants. The Consumer Products segment, while still significant, saw a smaller growth rate of 4% in net sales, reflecting cautious consumer spending amid economic uncertainties.

Looking ahead, Worthington Enterprises anticipates continued challenges in the macroeconomic environment, including inflationary pressures and elevated interest rates, which may impact consumer and business sentiment. The company expects demand across its key markets to remain uneven, particularly in residential and non-residential construction. However, the strengthening pipeline for non-residential projects and recurring purchase patterns in consumer products are expected to provide some support for overall volumes as the company enters fiscal 2027.