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Investing.com -- Worthington Enterprises Inc. (NYSE:WOR) reported better-than-expected fourth-quarter results on Tuesday, sending its shares up 5.7% in after-hours trading.
The designer and manufacturer of market-leading brands reported adjusted earnings per share of $1.06 for the quarter ended May 31, 2025, surpassing analyst estimates of $0.83. Revenue came in at $317.9 million, beating the consensus estimate of $300.96 million, though slightly down 0.3% YoY.
Net earnings from continuing operations more than doubled to $3.6 million, while adjusted EBITDA from continuing operations grew 35% to $85.1 million compared to the same quarter last year.
The company’s Building Products segment was a key driver of growth, with net sales increasing 25.2% to $192.3 million and adjusted EBITDA rising significantly to $71.3 million.
"We closed fiscal 2025 with a strong fourth quarter, delivering year-over-year and sequential growth in adjusted EBITDA, adjusted EPS and free cash flow," said Worthington Enterprises President and CEO Joe Hayek.
The company also announced a 12% increase in its quarterly dividend to $0.19 per share, payable on September 29, 2025.
Looking ahead, Hayek expressed confidence in the company’s ability to drive sustainable growth, citing the recent acquisition of Elgen Manufacturing for approximately $93 million as part of its strategy to build leadership positions in niche markets.
Worthington Enterprises repurchased 200,000 shares of common stock for $9.8 million during the quarter, with 5,365,000 shares remaining on its share repurchase authorization.
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