other material
confidence high
sentiment positive
materiality 0.50
Worthington CFO: FY26 revenue up 20% to $1.4B, adjusted EBITDA $296M; data center liquid cooling to grow
WORTHINGTON ENTERPRISES, INC.
- FY26 revenue $1.4B, up 20% (9% organic); adjusted EBITDA $296M, up 12% YoY despite $19M ClarkDietrich decline.
- Wholly owned EBITDA margins expanded ~500 bps over two years; SG&A down 190 bps; free cash flow $170M, 102% conversion.
- ClarkDietrich equity income $22M in FY26, down $19M YoY; management believes earnings have troughed.
- Data center liquid cooling revenue $13M in FY26; expected to match that in Q1 FY27 alone; multiyear growth opportunity.
- Consumer products ~$500M revenue, 4% organic growth, high-teens to 20% EBITDA margins; long-term growth target 6-8% (3-4% organic, 3-4% inorganic).