NYSE$WOR
Worthington Enterprises Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Worthington reported record adjusted earnings per share, led by exceptional results in Steel Processing segment.
Worthington Industries reported net sales of $1.1 billion and net earnings of $132.5 million, or $2.55 per diluted share, for its fiscal 2022 first quarter ended August 31, 2021. The increase was driven primarily by higher average direct selling prices in Steel Processing.
- Net sales for the first quarter of fiscal 2022 were $1.1 billion, an increase of 58% over the comparable quarter in the prior year.
- Gross margin increased $106.0 million over the prior year quarter to $219.4 million.
- Operating income for the current quarter was $135.8 million, an increase of $165.9 million over the operating loss in the prior year quarter.
- Adjusted EBIT of $107.7 million was up $93.5 million, as operating income increased $86.3 million after adjusting for the impact of restructuring in both the current and prior year quarters.
Headline financials
Revenue & EPS history
Worthington · Revenue · Quarterly
$1.11B
Revenue by segment
Worthington · $263M total across 2 segments · Q1 2022
- Consumer Products$148M—56.3%
- Building Products$115M—43.7%
Forward guidance
The Company is performing well, and while demand from our major end markets remains healthy, we will likely continue to face labor challenges and be impacted by lower automotive demand due to the ongoing semi-conductor shortage.
Headwinds
- Likely to continue to face labor challenges
- Impacted by lower automotive demand
- Ongoing semi-conductor shortage
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2022
-0.1%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+2.8%
Avg return
30 days after
44%
30 / 68 earnings
Positive
+23.8%
Q3 2025
Best reaction
-22.3%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | — | — | — | |
| Q3 2026 | -5.6% | +1.8% | — | |
| Q2 2026 | -2.3% | -6.2% | -5.1% | |
| Q1 2026 | -11.8% | -9.2% | -2.9% | |
| Q4 2025 | +0.0% | +2.6% | +0.1% | |
| Q3 2025 | +23.8% | +20.3% | +19.5% | |
| Q2 2025 | +8.9% | +5.4% | +8.1% | |
| Q1 2025 | -4.0% | -8.3% | -13.3% | |
| Q4 2024 | -5.5% | -7.7% | -2.3% | |
| Q3 2024 | +6.5% | -0.9% | -8.8% | |
| Q2 2024 | -0.7% | -0.1% | -5.7% | |
| Q1 2024 | -10.0% | -9.6% | -11.1% | |
| Q4 2023 | +10.5% | +11.3% | +18.6% | |
| Q3 2023 | +18.0% | +18.5% | +15.3% | |
| Q2 2023 | -3.5% | -3.7% | +3.9% | |
| Q1 2023 | -22.3% | -8.1% | -4.6% | |
| Q4 2022 | +14.8% | +13.8% | +10.1% | |
| Q3 2022 | -13.6% | -17.7% | -13.3% | |
| Q2 2022 | +1.1% | -0.5% | +14.0% | |
| Q1 2022 | -5.4% | -0.8% | -2.5% | |
| Q4 2021 | +3.3% | +2.6% | +5.8% | |
| Q3 2021 | +2.9% | +3.4% | +3.8% | |
| Q2 2021 | -6.5% | -6.4% | +7.0% | |
| Q1 2021 | +1.6% | +8.6% | +34.7% | |
| Q4 2020 | -2.1% | +6.7% | +7.3% | |
| Q3 2020 | +6.3% | +15.9% | +4.0% | |
| Q2 2020 | +10.0% | +8.1% | +3.2% | |
| Q1 2020 | -4.8% | -2.3% | -2.3% | |
| Q4 2019 | +4.6% | +8.3% | +9.7% | |
| Q3 2019 | +2.4% | -6.3% | +8.6% | |
| Q2 2019 | -5.7% | -5.1% | +2.3% | |
| Q1 2019 | -8.9% | -5.4% | -13.6% | |
| Q4 2018 | -9.3% | -6.8% | +0.6% | |
| Q3 2018 | -2.4% | -0.6% | +11.9% | |
| Q2 2018 | +2.4% | +1.7% | +9.9% | |
| Q1 2018 | -9.3% | -7.4% | -7.5% | |
| Q4 2017 | +5.3% | +3.8% | +6.9% | |
| Q3 2017 | -8.5% | -11.9% | -13.4% | |
| Q2 2017 | -6.8% | -11.0% | -15.0% | |
| Q1 2017 | +6.7% | +8.9% | +5.0% | |
| Q4 2016 | +14.5% | +13.7% | +19.9% | |
| Q3 2016 | -3.2% | — | — | |
| Q2 2016 | +9.2% | — | — | |
| Q1 2016 | +15.3% | — | — | |
| Q4 2015 | +6.3% | — | — | |
| Q3 2015 | -9.3% | — | — | |
| Q2 2015 | -15.1% | — | — | |
| Q1 2015 | -3.7% | — | — | |
| Q4 2014 | +1.4% | — | — | |
| Q3 2014 | -7.0% | — | — | |
| Q2 2014 | -2.9% | — | — | |
| Q1 2014 | +1.4% | — | — | |
| Q4 2013 | -2.0% | — | — | |
| Q3 2013 | +1.5% | — | — | |
| Q2 2013 | +0.9% | — | — | |
| Q1 2013 | -1.9% | — | — | |
| Q4 2012 | +16.1% | — | — | |
| Q3 2012 | +4.5% | — | — | |
| Q2 2012 | +3.5% | — | — | |
| Q1 2012 | -6.7% | — | — | |
| Q4 2011 | -3.0% | — | — | |
| Q4 2009 | -3.0% | — | — | |
| Q3 2011 | -2.7% | — | — | |
| Q3 2010 | -2.7% | — | — | |
| Q2 2011 | +1.1% | — | — | |
| Q2 2010 | +1.1% | — | — | |
| Q1 2011 | -0.4% | — | — | |
| Q1 2010 | -0.4% | — | — | |
| Q4 2010 | -0.4% | — | — |
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