Overview

* Worthington Enterprises Inc ( WOR ) fiscal Q1 revenue rises 18%, beating analyst expectations

* Adjusted EPS for fiscal Q1 increases 48% to $0.74

* Company acquired Elgen Manufacturing for $91.2 mln in June, boosting Building Products segment

Result Drivers

* BUILDING PRODUCTS - Higher volumes and Elgen acquisition drove net sales increase

* WAVE CONTRIBUTIONS - Increased equity income from WAVE supported earnings growth

* CONSUMER PRODUCTS - Favorable product mix offset by lower volumes in Consumer Products segment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $303.70 $291.80

Revenue mln mln (5

Analysts

)

Q1 Net $34.80

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

* Wall Street's median 12-month price target for Worthington Enterprises Inc ( WOR ) is $74.00, about 17.5% above its September 22 closing price of $61.03

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)