Worthington Enterprises, Inc. · NYSE:WOR
Worthington Enterprises — Q4 2026 Earnings Presentation
25 slides from Worthington Enterprises's earnings presentation, Jun 24, 2026
Slide 1: FY26 Q4 Investor Presentation
FY26 Q4 INVESTOR PRESENTATION JUNE 23, 2026
Slide 2: Notes to Investors
Notes to Investors FORWARD-LOOKING STATEMENTS. Selected statements in this presentation constitute “forward-looking statements,” as that term is used in the Private Securities Litigation Reform Act of 1995 (the “Act”). Worthington Enterprises, Inc. (the “Company” or “Worthington”) wishes to take adv
Slide 3: Key Investment Highlights
Key Investment Highlights • Established Portfolio of Market-Leading Brands with High Barriers to Entry NET SALES OF FOUNDED IN $1.4 BILLION 1 1955 • Resilient, non-cyclical earnings driven by contractor end-use demand and diversified channels, supported by a primarily domestic manufacturing footprin
Slide 4: Established Portfolio of Market-Leading Brands
Established Portfolio of Market-Leading Brands 80%+ of Adjusted EBITDA comes from brands and products with leading market positions Ceiling Metal Vertical Composite Hand Torch Camping Portable Well Suspension Framing Residential Heating & And Fuels Fuel Helium Tanks Water Tanks Systems Heating Tanks
Slide 5: ...With a well-established strategic moat
…With a well-established strategic moat STRONG CULTURE Engaged employees who lead with safety, demonstrate a transformative mindset and PRODUCT INNOVATION Established processes and principles. maintain deep relationships with Technology enabled beyond competition. suppliers and customers. MANUFACTUR
Slide 6: Worthington Business System Accelerates Our Growth and Profitability
Worthington Business System Accelerates Our Growth and Profitability Acquisition Innovation We acquire strategic We innovate in capabilities and invest in partnership with our accretive opportunities. customers and suppliers. Our Philosophy Transformation Our deeply held Philosophy is rooted in the
Slide 7: Delivering organic growth through innovation, new product development and strategic market share wins
Delivering organic growth through innovation, new product development and strategic market share wins INNOVATION & NEW STRATEGIC SHARE WINS PRODUCT DEVELOPMENT AND PRODUCT PLACEMENT Amtrol Liquid Cooling Technologies – supporting the rapid expansion of data center Level5 Tools – gained placement for
Slide 8: Acquisition Strategy Focused on Driving Profitable Growth
Acquisition Strategy Focused on Driving Profitable Growth Targeted acquisition criteria: RECENT ACQUISITIONS • Market-leading positions in niche markets • High margin, high growth brands or products January 2026 Building Products: • Asset-light or low capital intensity business model Leading provide
Slide 9: Low Leverage, Ample Liquidity, and Solid Free Cash Flow Provides Financial Flexibility
Low Leverage, Ample Liquidity, and Solid Free Cash Flow Provides Financial Flexibility Net Leverage1: 0.9x Strong Net Debt / TTM Adj. EBITDA Balance Sheet Commitment to Maintaining Investment Grade Rating Financial Ample Liquidity2: $528M Flexibility TTM Free Cash Flow1: $170M Disciplined Focused on
Slide 10: Disciplined Capital Allocation Strategy Focused on Growth and Rewarding Shareholders
Disciplined Capital Allocation Strategy Focused on Growth and Rewarding Shareholders • Invest in facilities to maintain equipment and Capital Expenditures improve safety $95 (13%) $128 • Strategic capex to drive further growth (18%) Growth • Focus on market leading niche businesses in $75 building a
Slide 11: Q4 / Fiscal Year 2026: Highlights
Q4 / FISCAL YEAR 2026: HIGHLIGHTS KEY FIGURES (FY26) FINANCIAL METRICS NET SALES ADJ. EBITDA ADJ. EBITDA MARGIN ($ M I L LI ONS ) NET SALES $1.4B $296M 21% $1,381 $371 $1,246 $318 FY26 Q4 CONSOLIDATED $1,154 NET SALES FY24 FY25 FY26 FY25 Q4 FY26 Q4 NET SALES YoY INCREASE ADJ. EBITDA $251 $265 $296 $
Slide 12: Q4 / FY26 Highlights – Financial Summary
Q4 / FY26 Highlights – Financial Summary $ Millions except EPS Q4 Q4 Worthington Enterprises Consolidated FY26 FY25 Net Sales $371 $318 Adj. EBITDA $84 $85 % Margin 22.5% 26.8% Free Cash Flow $55 $49 Adj. EPS $0.97 $1.06 Building Products Segment Net Sales $245 $192 Adj. EBITDA $69 $71 % Margin 27.9
Slide 13: Worthington Enterprises - A Compelling Financial Profile
Worthington Enterprises - A Compelling Financial Profile Net Working Net Sales Adj. EBITDA1 Free Cash Flow1 Capital2 $1,381M $296M $170M $320M Adj. EBITDA Free Cash Flow Net Debt Fixed Assets Margin Conversion $278M 21.4% 101.6% $311M Note: TTM figures as of Q4 FY2026. 1 Refer to appendix for reconc
Slide 14: Building Products At-a-Glance
Building Products At-a-Glance KEY FIGURES (TTM AS OF Q4 FY26) Heating and Cooking Facilitating the transition away from fuel oil, as well as providing back-up power solutions. $861M 28% $240M Cooling and Construction NE T S AL E S AD J . E B I TD A M AR GI N AD J . E B I TD A Wholly-Owned Integral i
Slide 15: Consumer Products At-a-Glance
Consumer Products At-a-Glance KEY FIGURES (TTM AS OF Q4 FY26) Tools Outdoor Living Hand-held torches, micro torches, Torches, fuel and accessories, $520M 18% $91M NET SALES ADJ. EBI TDA MARGI N ADJ. EBI TDA lighters, accessories and fuel for including the first in-market digital fuel constructing, f
Slide 16: Appendix
ibdroot\projects\IBD-NY\trillium2020\664375_1\16. Investor Day Presentations\03. WOR Enterprises\2023.09.29 - Investor Day - WOR Enterprises Shell_v78.pptx Appendix
Slide 17: JV Financial Metrics
Building Products Joint Ventures JV FINANCIAL METRICS Market-leading businesses providing products critical to the building envelope ($ MILLIONS) WAVE NET SALES WAVE $479 $496 $519 • 50/50 JV, established in 1992 with Armstrong World Industries • North American market leader in ceiling suspension sy
Slide 18: Worthington Enterprises Reconciliation of Non-GAAP Measures
Worthington Enterprises Reconciliation of Non-GAAP Measures (in millions) See detailed footnotes related to reconciliation of Non-GAAP measures for more information WORTHINGTON ENTERPRISES 18
Slide 19: Worthington Enterprises Reconciliation of Non-GAAP Measures
Worthington Enterprises Reconciliation of Non-GAAP Measures (in millions) See detailed footnotes related to reconciliation of Non-GAAP measures for more information WORTHINGTON ENTERPRISES 19
Slide 20: Worthington Enterprises Reconciliation of Non-GAAP Measures
Worthington Enterprises Reconciliation of Non-GAAP Measures (in millions) See detailed footnotes related to reconciliation of Non-GAAP measures for more information WORTHINGTON ENTERPRISES 20
Slide 21: Worthington Enterprises Reconciliation of Non-GAAP Measures
Worthington Enterprises Reconciliation of Non-GAAP Measures (in millions) Non-GAAP Footnotes (1) Excludes the impact of noncontrolling interest. (2) Reflects the amortization of the step-up to fair market value of acquired inventory related to the LSI and Elgen acquisitions in fiscal 2026 and the Ra
Slide 22: Worthington Enterprises Reconciliation of Non-GAAP Measures
Worthington Enterprises Reconciliation of Non-GAAP Measures (in millions) Consolidated Results – Free Cash Flow Consolidated Results – Net Debt / TTM Adj. EBITDA WORTHINGTON ENTERPRISES 22
Slide 23: Worthington Enterprises Reconciliation of Non-GAAP Measures
Worthington Enterprises Reconciliation of Non-GAAP Measures (in millions) Joint Venture Results – EBITDA WORTHINGTON ENTERPRISES 23
Slide 24: Use of Non-GAAP Measures and Definitions
Use of Non-GAAP Measures and Definitions NON-GAAP FINANCIAL MEASURES. These materials include certain financial measures that are not calculated and presented in accordance with accounting principles generally accepted in the United States (“GAAP”). Non-GAAP financial measures typically exclude item
Slide 25: Use of Non-GAAP Measures and Definitions (Continued)
Use of Non-GAAP Measures and Definitions (Continued) EXCLUSIONS FROM NON-GAAP FINANCIAL MEASURES Management believes it is useful to exclude the following items from its non-GAAP financial measures for its own and investors’ assessment of the business for the reasons identified below. Additionally,
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