Worthington Enterprises, Inc. · NYSE:WOR
Worthington Enterprises — Q1 2027 Earnings Presentation
23 slides from Worthington Enterprises's earnings presentation, Sep 22, 2026
Slide 1: FY27 Q1 Investor Presentation
FY27 Q1 INVESTOR PRESENTATION SEPTEMBER 22, 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 $1.4 BILLION 1955 • Resilient, non-cyclical earnings driven by contractor end-use FOUNDED IN 1 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 Hand Torch Portable Portable Well Composite Suspension Framing Residential & Fuels Fuel Tanks Helium Tanks Water Tanks Heating Tanks Systems Heat
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: Participating Across the Data Center Ecosystem
Participating Across the Data Center Ecosystem STRUCTURAL SYSTEMS STRUT SUSPENDED CEILINGS • Building Performance Solutions serves commercial buildings and critical facilities, including data centers HEAT REJECTION • Multiple points of exposure create opportunities for incremental organic growth as
Slide 9: 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 Performance Solutions: • Asset-light or low capital intensity business model Le
Slide 10: Low Leverage, Ample Liquidity, and Solid Free Cash Flow Provide Financial Flexibility
Low Leverage, Ample Liquidity, and Solid Free Cash Flow Provide Financial Flexibility Net Leverage1: 0.8x Strong Net Debt / TTM Adj. EBITDA Balance Sheet Commitment to Maintaining Investment Grade Rating Financial Ample Liquidity2: $555M Flexibility TTM Free Cash Flow1: $196M Disciplined Focused on
Slide 11: Rewarding Shareholders
Disciplined Capital Allocation Strategy Focused on Growth and Rewarding Shareholders • Invest in facilities to maintain equipment and Capital Expenditures improve safety $93 (12%) $141 • Strategic capex to drive further growth (18%) Growth • Focus on market leading niche businesses that $104 fit wit
Slide 12: Q1 FY27: Financial Performance at-a-glance
Q1 FY27: Financial Performance at-a-glance FINANCIAL METRICS ($ M I L LI ON S ) (Q1 FY27 TTM) NET SALES NET SALES ADJ. EBITDA ADJ. EBITDA MARGIN $1,246 $1,381 $344 $1.4B $303M 21.3% $1,154 $304 FY24 FY25 FY26 FY26 Q1 FY27 Q1 FREE CASH FLOW FREE CASH FLOW CONVERSION ADJ. EBITDA $296 $67 $74 $196M 116
Slide 13: Q1 FY27: Financial Summary
Q1 FY27: Financial Summary $ Millions except EPS Q1 Q1 Worthington Enterprises Consolidated FY27 FY26 Net Sales $344 $304 Adj. EBITDA $74 $67 % Margin 21.5% 22.1% Free Cash Flow $54 $28 Adj. EPS $0.82 $0.78 Building Performance Solutions Segment Net Sales $215 $185 Adj. EBITDA $60 $60 % Margin 27.8%
Slide 14: Segment Financial Performance At-a-Glance
Segment Financial Performance At-a-Glance Building Performance Solutions Trade & Specialty Solutions Delivers essential engineered products that enhance performance across residential Market-leading brands and products serving professional tradespeople and and commercial buildings, including critica
Slide 15: Appendix
ibdroot\projects\IBD-NY\trillium2020\664375_1\16. Investor Day Presentations\03. WOR Enterprises\2023.09.29 - Investor Day - WOR Enterprises Shell_v78.pptx Appendix
Slide 16: Building Performance Solutions JVs
Building Performance Solutions JVs JV FINANCIAL METRICS Market-leading businesses providing products critical to the building envelope ($ 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
Slide 17: 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 17
Slide 18: 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: 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 following non-cash activity in miscellaneous income (expense), net: • A pre-tax gain of $4.0 million during the first quarter of fiscal 20
Slide 20: 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 20
Slide 21: Reconciliation of Non-GAAP Measures
Worthington Enterprises Reconciliation of Non-GAAP Measures (in millions) Joint Venture Results – EBITDA WORTHINGTON ENTERPRISES 21
Slide 22: Use of Non-GAAP Financial Measures and Definitions
Use of Non-GAAP Financial 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 ex
Slide 23: Use of Non-GAAP Financial Measures and Definitions (Continued)
Use of Non-GAAP Financial 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. Addi
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