other material
confidence high
sentiment positive
materiality 0.75
Worthington Enterprises LTM adjusted EBITDA up 21% to $50M improvement; acquires LSI for metal roofing clips
WORTHINGTON ENTERPRISES, INC.
- LTM adjusted EBITDA up 21% YoY, nearly $50M improvement; margin expanded 260 bps to 22.7%.
- Acquired LSI, a leading commercial metal roofing clips player; >40% EBITDA margins; expected close January 2026.
- Consumer Products gains market share despite headwinds; Balloon Time store count up 63% in two years.
- CapEx temporarily elevated for facility modernization; $30M spent, ~$30M remaining, primarily in Chilton, WI.
- Balance sheet strong: net debt/EBITDA <0.5x, free cash flow conversion ~96%.