Worthington Enterprises Delivers Strong Q3 Earnings Growth Despite Mixed Market Conditions
Worthington Enterprises, a leading global company, has reported strong earnings growth in its third quarter fiscal 2026, despite mixed market conditions. According to the company's recent conference call transcript, Worthington Enterprises delivered year-over-year growth in revenue, adjusted EBITDA and earnings per share.
The company's revenue in Q3 was up over 24% from last year, while its SG&A expenditures declined by 70 basis points as a percentage of sales. Adjusted EBITDA grew by 15% year-over-year, and in the last 12 months, it is now $297 million, up $54 million from a year ago, with an adjusted EBITDA margin of 22.4%. This growth is driven by the company's teams as they optimize and grow its business through developing and launching new products, expanding production capacity in key value streams, providing excellent customer service and strategic acquisitions.
Worthington Enterprises' President and Chief Executive Officer, Joseph Hayek, emphasized that the company believes it is well-positioned to capitalize on its strengths and continue growing its market share as markets improve. The company's strong performance is a reflection of its team's hard work and dedication to putting customers first.
The Worthington Business System (WBS) has played a significant role in driving the company's growth. The WBS has three growth drivers: innovation, transformation, and M&A (mergers and acquisitions). Innovation has been a key driver of growth, with examples including ASME water tanks used for liquid cooling in data centers and new products leading to new store placements for Balloon Time, driving growth in the company's consumer business.
Transformation has also been a cornerstone of the company's operating strategy. The company continues to invest in new technologies, conceptualize and implement new tools that help transform its business, and is focused on leveraging AI and automation to drive measurable efficiencies and create elevated opportunities for its colleagues.
The acquisition of LSI (Leading U.S. manufacturer of standing seam metal roofing clips, components, and retrofit systems) has enhanced Worthington Enterprises' position in engineered building systems. The company's integration efforts are off to a good start, and it is excited about the growth prospects that it has together with LSI.
At the core of the WBS and at the core of Worthington Enterprises is its culture and philosophy, which emphasizes customer-first approach and dedication to excellence in all aspects of its business. The company's strong performance in Q3 demonstrates its commitment to these values and its ability to execute on them even in challenging market conditions.
