Worthington Enterprises, Inc. (WOR) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

and Investor Relations Officer. Mr. Raji, you may begin. Thank you, Rob. Good morning, everyone, and thank you for joining us for Worthington Enterprise's first quarter fiscal 2026 earnings call. On the call today are Joe Hayek, our President and Chief Executive Officer, and Colin Souza, our Chief Financial Officer. Before I begin, I'd like to remind everyone that certain statements made during today's call are forward-looking in nature and subject to risk and uncertainties that could cause actual results to differ materially from those expressed or implied. For more information on these risk and uncertainties, please refer to our earnings release issued yesterday after the market closed, which is available on the investor relations section of our website. Additionally, our remarks today will include references to non-GAAP financial measures. Reconciliations of these measures to the most directly comparable GAAP measures can also be found in the earnings release. Today's call is being recorded, and a replay will be available later on our website at WorthingtonEnterprises.com. With that, I'll turn the call over to Joe for opening remarks. Thank you, Marcus, and good morning, everyone. Welcome to Worthington Enterprises' fiscal 2026 first quarter earnings call. We had a very solid start to our fiscal year. due to the collective efforts of our teams. And I want to start by saying thank you to all my colleagues for their dedication to each other, our company, our customers, and our shareholders. In the quarter, we delivered strong year-over-year growth in sales, adjusted EBITDA, and earnings per share. Our sales in Q1 were up 18% over last year and up 10% year-over-year, excluding sales from recently acquired eligible. The gross margin was 27.1% in Q1 versus 24.3% last y...