Worthington Enterprises Inc. reported strong results for the first quarter of fiscal 2026, with net sales up 18% to $303.7 million. Net earnings increased by 45% to $34.8 million, and adjusted EBITDA grew by 34% to $65.1 million. The company repurchased 100,000 common shares for $6.3 million and declared a quarterly dividend of $0.19 per share. The acquisition of Elgen Manufacturing for $91.2 million also contributed to the positive performance.

The Building Products segment led the strong performance, with net sales up 32.2% to $184.8 million. Consumer Products also delivered solid results despite a challenging macro environment. Worthington Enterprises President and CEO Joe Hayek expressed optimism for the future, highlighting the company’s strong momentum and strategic growth plans.

The company ended the quarter with $167.1 million in cash and total debt of $306.0 million. Operating cash flow was $41.1 million, with free cash flow at $27.9 million. Despite increased capital expenditures, the company remains well-positioned for the future with a strong balance sheet and consistent free cash flow.

Worthington Enterprises operates with two primary business segments: Building Products and Consumer Products. The company’s portfolio includes market-leading brands such as Balloon Time®, Coleman®, Elgen, and Garden Weasel®, among others. With a focus on innovation, transformation, and acquisitions, the company aims to deliver long-term value for customers and shareholders.

For more information on Worthington Enterprises, including detailed financial statements and segment information, visit their website at WorthingtonEnterprises.com. The company will also host a conference call on September 24, 2025, to discuss its first-quarter results in more detail. Contact Sonya L. Higginbotham or Marcus A. Rogier for investor relations inquiries.

Read more at GlobeNewswire: Worthington Enterprises Reports First Quarter Fiscal 2026