NYSE$WOR

Worthington Enterprises Inc · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Worthington Enterprises' Q2 2025 earnings reflected a solid financial performance amidst macro headwinds, with year-over-year growth in adjusted EBITDA and EPS and strategic initiatives aimed at optimizing margins and driving shareholder returns.

Worthington Enterprises reported a solid second quarter with adjusted earnings per share of $0.60 compared to $0.57 in the prior year. Net sales were $274 million, down 8.1% year-over-year, while gross profit increased to $74 million. Adjusted EBITDA was $56 million, up slightly from $55 million in the prior year. The company is focused on optimizing margins and pursuing strategic acquisitions.

  • Adjusted earnings per share increased to $0.60 from $0.57 year-over-year.
  • Net sales decreased to $274 million, primarily due to the deconsolidation of the Sustainable Energy Solutions segment.
  • Gross profit increased to $74 million, with gross margin rising to 27%.
  • Adjusted EBITDA increased slightly to $56 million, with a TTM adjusted EBITDA margin of 20.1%.

Headline financials

Total Revenue

$274M

Previous: $1.09B-74.8%
EPS

$0.56

Previous: $0.78-28.2%
Adjusted EBITDA

$56.2M

No prior period
Adjusted EBITDA Margin

20.5%

No prior period
Net Margin

10.2%

No prior period
Capital Expenditures

-$15.2M

Previous: -$32.9M+53.9%
Free Cash Flow

$13.1M

Previous: $102M-87.2%
Net Income

$28.3M

Previous: $0.49+5767346838.8%
Operating Income

$3.52M

Previous: -$5.93M+159.4%
Gross Profit

$74.1M

Previous: $124M-40.3%
Cash & Equivalents

$194M

Previous: $216M-10.3%
Total Assets

$1.66B

Previous: $3.58B-53.8%

Revenue & EPS history

Worthington · Revenue · Quarterly

$274M

Q2 2025-74.8%vs Q2 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Worthington · $271M total across 2 segments · Q2 2024

  • Consumer Products
    $148M-3.9%
  • Building Products
    $123M-13.4%

Forward guidance

Worthington Enterprises anticipates continued growth through strategic initiatives, acquisitions, and market share gains, with a focus on optimizing margins and driving free cash flow.

Tailwinds

  • Facility modernization projects are expected to enhance free cash flow generation.
  • The company is well-positioned to benefit from infrastructure-oriented spending and stimulus projects.
  • Strategic acquisitions, such as Ragasco, are contributing to revenue growth and margin expansion.
  • Strong retail partnerships and a commitment to innovation are expected to drive growth in consumer products.
  • The company's value proposition and ability to take market share are expected to continue to drive growth in various markets.

Headwinds

  • Macroeconomic headwinds are expected to persist, potentially impacting demand in certain markets.
  • Deflationary pressures, particularly in steel, could impact pricing and margins.
  • Uncertainty around trade policies and potential tariffs could create challenges for the business.
  • The repair and remodel markets are expected to remain steady but slow, limiting organic growth opportunities.
  • The sustainable energy now JV is expected to remain flattish, providing limited contribution to overall earnings.

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 Q2 2025

Historical avgQ2 2025

-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

Earnings price reactions
QuarterReport dateReaction (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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