Worthington Enterprises Q4 Earnings Call Highlights Data Center Growth Push

Earnings
โดย Zacks Investment Research·Read original
Summary · why it matters

Worthington Enterprises used its fourth-quarter fiscal 2026 earnings call to emphasize growing opportunities in data center infrastructure, innovation, and acquisitions despite results that missed Wall Street expectations. The company shipped approximately $13 million of ASME water tanks for data center cooling systems in fiscal 2026 and expects to ship at least that much in the first quarter of fiscal 2027, with management citing increasing demand and additional investment in capacity. President and CEO Joseph Hayek noted that several businesses, including WAVE, ClarkDietrich, Elgen, LSI, and portions of the water business, participate in data center construction and operation, characterizing it as an emerging multiyear opportunity. Building Products sales rose 28% in the quarter, with acquisitions contributing $44 million of revenues, while adjusted EBITDA declined modestly due to lower contributions from ClarkDietrich and a tough comparison in the cooling and construction business tied to the prior-year A2L refrigerant transition. The company generated $55 million of free cash flow in the quarter and $170 million for the full year, ending with net debt of $278 million and a net leverage ratio below 1x. Adjusted earnings per share of $0.97 missed the consensus estimate of $1.04, and revenues of approximately $371.50 million trailed expectations of $385.70 million.

Impact on stocks 1

Materials▲ · 1 stocks
Worthington Industries Inc
WOR
± MixedDemandrelevance

Data center growth push and $13M water tank shipments for cooling systems highlight demand opportunity, but earnings missed estimates.

Off-coverage companies 3

ClarkDietrich Building SystemsPrivate▼ Negative
Demandrelevance

Lower contributions from ClarkDietrich negatively impacted adjusted EBITDA.

Elgen ManufacturingPrivate▲ Positive
Demandrelevance

Elgen is mentioned as participating in data center construction, an emerging multiyear opportunity.

Wayve Technologies LimitedPrivate± Mixed
relevance

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