Quarterly ResultJun 23, 2026, 04:22 PM
Worthington Enterprises Q4 Net Sales $371.5M; Raises Dividend 5%; New Director
AI Summary
Worthington Enterprises reported strong fiscal 2026 fourth-quarter results, with net sales increasing 17% to $371.5 million and net earnings rising significantly to $48.1 million. For the full year, net sales grew 20% to $1.4 billion, and net earnings increased 63% to $155.0 million. The company also announced a 5% increase in its quarterly cash dividend to $0.20 per share and appointed W. Bradley Southern, former CEO of Louisiana-Pacific Corporation, to its Board of Directors. Three current directors will not be nominated for re-election due to age limits.
Key Highlights
- Q4 fiscal 2026 net sales: $371.5 million, up 17% YoY.
- Q4 fiscal 2026 net earnings: $48.1 million, up from $3.6 million YoY.
- Full-year fiscal 2026 net sales: $1.4 billion, up 20% YoY.
- Full-year fiscal 2026 net earnings: $155.0 million, up 63% YoY.
- Quarterly dividend increased 5% to $0.20 per share.
- W. Bradley Southern appointed to Board of Directors.
- Three directors to retire due to age limit at 2026 annual meeting.
- Repurchased 350,000 common shares for $18.2 million in Q4.
Price Impact
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