Worthington Enterprises, Inc. · NYSE:WOR
Worthington Enterprises — Merger or Acquisition (June 2025)
6 slides from Worthington Enterprises's merger presentation, Jun 19, 2025
Slide 1: Elgen Manufacturing Acquisition Overview
ELGEN MANUFACTURING Acquisition Overview JUNE 19, 2025
Slide 2: Worthington Enterprises acquired Elgen Manufacturing on June 19, 2025
Worthington Enterprises acquired Elgen Manufacturing on June 19, 2025 Acquisition Overview • Elgen Manufacturing is a market-leading designer and manufacturer of HVAC parts and components, ductwork and structural framing primarily used in commercial buildings throughout North America. • Purchase pri
Slide 3: Elgen Manufacturing Overview
Elgen Manufacturing Overview Product Portfolio Key Categories Representative Products Founded: 1995 Fittings, Elbows, Employees: 250 & Pipes TTM Financials (04/30/25) Net Revenue: $114.9M Duct Connectors & Adj. EBITDA: $13.3M (11.6%) Accessories Description: Market-leading designer and manufacturer
Slide 4: Elgen aligns with our acquisition strategy to drive profitable growth
Elgen aligns with our acquisition strategy to drive profitable growth • Expands our product offerings in the building envelope with the addition of a market-leading U.S.-based HVAC componentry business serving an attractive niche in the resilient commercial HVAC market. • Diversifies and strengthens
Slide 5: Building Products At-a-Glance
Building Products At-a-Glance ELGEN COMPLEMENTS WORTHINGTON’S EXISTING KEY FIGURES ( TTM AS OF Q 3 FY 251 ) CRITICAL BUILDING SYSTEMS AND COMPONENTS PRODUCTS Heating and Cooking $615M 31% $192M Facilitating the transition away from fuel oil, as well as providing back-up NET SALES ADJ. EBI TDA MAR GI
Slide 6: Key Investment Highlights
Key Investment Highlights NET SALES OF • Established Portfolio of Market-Leading Brands with High FOUNDED IN $1.2 BILLION 1 1955 Barriers to Entry • Strong Underlying Secular Trends Enabling Steady Long-Term Growth Adj. EBITDA of $242 million • Business Model Drives High Free Cash Flow and Returns •
Worthington Enterprises — Merger or Acquisition (June 2025) on 6ix