M&A
confidence high
sentiment positive
materiality 0.75
Worthington Enterprises Q2 adj EPS $0.65 (+8% YoY); acquires LSI Group for $205M
WORTHINGTON ENTERPRISES, INC.
- Net sales $327.5M (+19% YoY); adj EBITDA $60.5M (+8%); free cash flow $39.1M (+15%).
- Acquiring LSI Group (metal roof components) for ~$205M; expected close Jan 2026.
- Quarterly dividend $0.19/share maintained; payable March 27, 2026.
- Charles Chiappone appointed to board; previously CEO of WAVE JV with Armstrong.
- Related party: machine shop owned by Chiappone provided $420K in services in 2025.