Worthington Enterprises, Inc. (WOR) enters the final stretch of fiscal 2026 with stronger revenue, higher earnings, and a larger building-products footprint, but investors still do not have quantified fiscal 2027 revenue guidance from management. That makes the latest reported quarter the cleanest baseline for evaluating the company’s direction. Worthington’s fiscal year ends on May 31, and the most recently reported quarter is the third quarter of fiscal 2026, which ended February 28, 2026. In that quarter, net sales rose to $378.7 million from $304.5 million a year earlier, while operating income increased to $31.5 million from $20.9 million and diluted earnings per share improved to $0.92 from $0.79.
As of April 20, 2026, Worthington shares traded at about $55.15 and the company’s market capitalization was approximately $2.732 billion. That valuation is being supported by a business mix that is showing both acquisition-led and organic growth, especially in building-related product categories.
Latest quarter and why it matters
The headline number in Q3 fiscal 2026 was revenue growth of 24%. That performance matters because it was not limited to one accounting line. Net earnings rose 14.8%, while adjusted EBITDA increased to $84.6 million from $73.8 million, up 14.6% on the same basis.
For an investor looking ahead to fiscal 2027, the quarter provides a more useful reference point than older filings because it already includes the early contribution from the LSI Group acquisition and reflects current demand conditions across the company’s two operating segments. Management also said the company had achieved year-over-year growth in adjusted EPS and adjusted EBITDA for the sixth consecutive quarter, which suggests the latest quarter was part of a longer operating trend rather than an isolated spike.
Building Products and Consumer Products growth drivers
Building Products was the main growth engine in the latest quarter. Segment net sales were $223.9 million in Q3 fiscal 2026, up 35.8% from the prior-year quarter, while Consumer Products generated $154.8 million of net sales, up 10.8% year over year. Building Products adjusted EBITDA was $58.8 million, and Consumer Products adjusted EBITDA was $35.5 million in the quarter.
A major reason for the faster growth in Building Products was the January 16, 2026 acquisition of LSI Group, a manufacturer of standing seam metal roof clips and retrofit components for commercial roofing systems. Worthington said acquisitions contributed $32.2 million to consolidated Q3 fiscal 2026 net sales, and the timing indicates LSI was a meaningful part of that lift.
That does not mean the quarter was purely acquisition-driven. Excluding acquisitions, Worthington said consolidated net sales still increased $42.0 million, or 13.8%, from the prior-year quarter. In Building Products alone, sales excluding acquisitions increased $26.8 million, or 16.3%. Those figures suggest the company is not relying only on deal activity to expand its revenue base.
Cash flow, balance sheet, and capital allocation
Worthington’s latest quarter also showed that growth has not come at the expense of cash generation. Operating cash flow in Q3 fiscal 2026 was $61.9 million, and free cash flow was $48.1 million after $13.8 million of capital expenditures. That compares with free cash flow of $44.4 million in the prior-year quarter.
The balance sheet reflects the cost of recent acquisitions, but liquidity still appears workable. Total debt at February 28, 2026 was $312.0 million, cash and cash equivalents were $6.0 million, and the company said it had $495.2 million available under its revolving credit facility. During the quarter, Worthington also repurchased 100,000 shares for $5.4 million and said 4,915,000 shares remained under its existing authorization. The board declared a quarterly dividend of $0.19 per share payable on June 29, 2026, to shareholders of record on June 15, 2026.
What management said about fiscal 2027 positioning and the limits of current guidance
Management’s public commentary has been constructive, but it has not amounted to formal fiscal 2027 revenue guidance. In the Q3 fiscal 2026 release, Chief Executive Officer Joe Hayek said the company was “very well positioned” as it approached the end of fiscal 2026 and looked ahead to fiscal 2027, citing organic growth efforts, free-cash-flow generation, and balance-sheet flexibility.
What investors can consider are faster sales growth in Building Products, solid performance in Consumer Products, immediate contribution from LSI, and enough liquidity to continue funding capital allocation priorities.
Key Signals for Investors
- Building Products is currently the main growth lever, with Q3 fiscal 2026 segment sales up 35.8% year over year.
- Organic momentum still matters because consolidated sales excluding acquisitions increased 13.8% in Q3 fiscal 2026.
- Free cash flow of $48.1 million in the latest quarter gives management room to support dividends, buybacks, and integration spending.
- The LSI acquisition broadens Worthington’s exposure to commercial roofing components and may remain an important fiscal 2027 revenue contributor.