Monitor Q1 FY2027 results (due September 2026) for data center liquid cooling revenue acceleration and ClarkDietrich stabilization. The strong FY2026 results are already public; the transcript adds no new catalysts but reinforces the growth narrative.
Price Chart
Executive Summary
Worthington Enterprises furnished a transcript of its CFO's fireside chat at the Canaccord Genuity Growth Conference, recapping strong FY2026 results (revenue $1.4B, +20% YoY; adjusted EBITDA $296M, +12% YoY; FCF $170M) and highlighting growth drivers in data center liquid cooling and recent acquisitions. No new material financial guidance or material events were disclosed — the filing is a routine Regulation FD update of already-reported performance.
Key Facts
- FY2026 revenue reached $1.4 billion, up 20% YoY including 9% organic growth
- Adjusted EBITDA of $296 million, up 12% YoY ($31 million increase) despite a $19 million decline in ClarkDietrich equity income
- Free cash flow of $170 million with 102% cash flow conversion
- Data center liquid cooling revenue was $13 million in FY2026; management expects to match that in Q1 FY2027 alone
- Wholly owned business EBITDA margins expanded ~500 bps over two years; SG&A as % of sales declined 190 bps in FY2026
- Consumer products business (~$500M revenue) grew 4% organically with high-teens to 20% EBITDA margins
- ClarkDietrich JV contributed $22 million in equity income in FY2026, down $19 million YoY; management believes earnings have troughed
- Logansport acquisition (metal roofing clips) has ~$50M revenue and $22M EBITDA at 40% margins
Financial Impact
FY2026 revenue $1.4B, adjusted EBITDA $296M, FCF $170M; no new guidance provided
Risk Factors
- ClarkDietrich headwinds from steel price volatility and weak new construction could persist
- Execution risk on scaling data center liquid cooling revenue from $13M to a quarterly run-rate
- M&A integration risk for recent acquisitions (Elgen, Logansport) and potential future deals
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 10 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (WOR) — Batch item 1 | 0001193125-26-350842 |
| Document: wor-20260812.htm | 0001193125-26-350842 |
| Document: 0001193125-26-350842-index-headers.html | 0001193125-26-350842 |
| Document: 0001193125-26-350842-index.html | 0001193125-26-350842 |
| Document: 0001193125-26-350842.txt | 0001193125-26-350842 |
| 8-K Filing (WOR) — Batch item 6 | 0001193125-26-350842 |
| Document: wor-20260812.htm | 0001193125-26-350842 |
| Document: 0001193125-26-350842-index-headers.html | 0001193125-26-350842 |
| Document: 0001193125-26-350842-index.html | 0001193125-26-350842 |
| Document: 0001193125-26-350842.txt | 0001193125-26-350842 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 8-K | $63.65 | awaiting T+20 | — | $63.40 (−0.39%) |
Oct 7, 2026 20d ago | 144 | $61.22 | awaiting T+20 | — | $63.40 (+3.56%) |
Oct 6, 2026 21d ago | 144 | $60.45 | awaiting T+20 | — | $63.40 (+4.88%) |
Sep 25, 2026 4w ago | 8-K | $60.87 $64.55 | ▲ +6.05% | ▲ +6.08% | $63.40 (+4.16%) |
Sep 22, 2026 5w ago | Press Release | $59.70 $65.10 | ▲ +9.05% | ▲ +8.36% | $63.40 (+6.20%) |
Sep 22, 2026 5w ago | Press Release | $58.94 $63.90 | ▲ +8.42% | ▲ +8.98% | $63.40 (+7.57%) |
Sep 17, 2026 5w ago | Press Release | $59.94 $63.84 | ▲ +6.51% | ▲ +5.30% | $63.40 (+5.77%) |
Aug 31, 2026 8w ago | 8-K | $56.74 $59.54 | ▲ +4.93% | ▲ +4.62% | $63.40 (+11.74%) |
Aug 14, 2026 10w ago | 8-K | $58.66 $55.25 | ▼ −5.81% | ▼ −3.82% | $63.40 (+8.08%) |
Aug 13, 2026 10w ago | DEFA14A | $58.16 $56.93 | ▼ −2.11% | ▼ −0.37% | $63.40 (+9.01%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers