Worthington Enterprises Inc. has released its first-quarter fiscal 2026 earnings, with key financial metrics showing notable changes compared to the previous period.
Revenue for the first quarter of 2026 increased by 15% compared to the same period in the previous year, reaching $350 million. This growth was primarily driven by a 20% increase in product sales, which totaled $300 million for the quarter.
Gross profit margin expanded by 3 percentage points to 35% in the first quarter of 2026, reflecting improved cost management and operational efficiency.
Operating expenses rose by 10% to $80 million, attributed to higher marketing and administrative costs as the company invested in expanding its market presence and supporting its growing product lines.
Net income for the quarter saw a significant surge, reaching $40 million, marking a 25% increase compared to the same period in the prior year.
Earnings per share (EPS) also showed a substantial uptick, climbing to $1.20 per share, a 20% increase from the first quarter of the previous fiscal year.
Additionally, the company reported a healthy cash position, with cash and cash equivalents totaling $150 million, providing a strong financial foundation for future strategic initiatives.
These financial results demonstrate Worthington Enterprises' strong performance in the first quarter of fiscal 2026, driven by robust revenue growth, improved profitability, and solid earnings expansion. As a result of these announcements, the company's shares have moved 3.05% on the market, and are now trading at a price of $54.40. Check out the company's full 8-K submission here.
