Worthington missed Wall Street's revenue and profit expectations for its fiscal second quarter of 2026, sending shares down 8.6% to $55.79. Revenue rose 16.9% year on year to $371.5 million, but fell short of the $386.8 million analyst consensus. Adjusted earnings per share came in at $0.97, below the $1.06 estimate, while adjusted EBITDA of $83.5 million missed the $89.62 million forecast. The diversified industrial manufacturer reported an operating margin of 6.2%, a sharp improvement from negative 9.6% a year earlier, and generated a free cash flow margin of 14.8%. CEO Joe Hayek described the quarter as one of solid performance with positive organic growth and strong free cash flow.
Worthington Industries IncMissed revenue and profit estimates for fiscal Q2 2026, causing stock to drop 8.6%