Worthington Enterprises, Inc. (WOR) Stock Analysis
Worthington’s earnings reset looks like a temporary cyclical stumble in a newly higher-margin, cash-generative industrial compounder.
Overview
Worthington’s 8.8% post-earnings sell-off appears to overreact to a Q4 adjusted EPS miss driven mainly by temporary ClarkDietrich JV weakness and unfavorable Building Products mix. Core momentum remains intact: Q4 revenue rose 16.9%, FY2026 revenue rose about 20%, adjusted EPS grew 9.1%, and free cash flow reached $170.2 million. The post-spin company now has structurally higher margins, low leverage, valuable brands, disciplined capital allocation, and a forward P/E of only 14.4x.