Worthington (WOR) Q3 2026 Earnings Transcript
Key takeaways
- Welcome to Worthington Enterprises Fiscal 2026 Third Quarter Earnings Call.
- And in the last 12 months, our adjusted EBITDA is now $297 million, up $54 million from a year ago, and adjusted EBITDA margin was 22.4%.
- As we grow our top line and profitability, we re leveraging the WBS and its 3 growth drivers: innovation, transformation and M&A to maximize both our near- and long-term success.
Joseph Hayek: Thank you, Marcus. Good morning, everybody. Welcome to Worthington Enterprises Fiscal 2026 Third Quarter Earnings Call. We performed very well in Q3 and generated strong earnings growth, which is a reflection of the tremendous effort that our team exhibits every day. Our colleagues all over the world continue putting our customers first and our solutions and approach are resonating, helping us to grow. In Q3, in market conditions that continue to be mixed, we delivered strong year-over-year growth in revenue, adjusted EBITDA and earnings per share. Revenue in Q3 was up over 24% from last year, while our SG&A expenditures declined by 70 basis points as a percentage of sales. Our adjusted EBITDA grew by 15% year-over-year.
And in the last 12 months, our adjusted EBITDA is now $297 million, up $54 million from a year ago, and adjusted EBITDA margin was 22.4%. This growth is driven by our teams as they optimize and grow our business by developing and launching new products, expanding production capacity in key value streams, providing excellent customer service and through strategic acquisitions. We believe we are very well positioned to capitalize on our strengths and continue to grow our market share as end markets improve. Q3 is a great example of how we leverage the Worthington Business System and how it shows up in our financial performance.
As we grow our top line and profitability, we re leveraging the WBS and its 3 growth drivers: innovation, transformation and M&A to maximize both our near- and long-term success. Innovation is a big part of our growth strategy. Our ASME water tanks used for liquid cooling and data centers are a great example, and our pipeline is rapidly growing as data centers increasingly utilize liquid cooling solutions. In addition, innovation and new products have led to new store placements for Balloon Time, driving growth in our consumer business. Transformation has been a cornerstone of our operating strategy for some time.