Filing Flows › Worthington Enterprises (WOR) › Q1 FY26
Worthington Enterprises (WOR) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 8, 2025
Worthington Enterprises (WOR) reported revenue of $304M for the first quarter fiscal 2026 (Q1 FY26), +18% from a year earlier and -4% from the quarter before. Operating margin was 3.0%, net earnings $35.1M (11.6% of revenue).
Worthington Enterprises, Q1 FY26: revenue $304M (+18% year over year), operating margin 3.0%, net earnings $35.1M, operating cash flow $41.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $304M | -4% | +18% |
| Gross profit | $82.3M | -12% | +32% |
| Operating profit | $9.2M | — | — |
| Net earnings | $35.1M | +807% | +45% |
| Operating cash flow | $41.1M | -34% | -0.2% |
| Free cash flow | $27.9M | -44% | -12% |
What changed
Revenue was $303.7M in Q1 FY26, up 18% year over year and down 4% from the previous quarter.
Gross margin was 27.1%, up 2.8 points from a year earlier. Operating profit was $9.2M, a 3.0% margin (up 4.9 points year over year). Operating expenses grew 9% against revenue growth of 18%. The fastest-growing cost line was Other operating costs (+114%). Net earnings were $35.1M, up 45% year over year ($34.8M including minority interests, which bore $327K of losses). The effective tax rate was 23.8%. Non-operating items added $36.4M, 80% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $41.1M (roughly flat year over year), 118% of net earnings. Non-cash charges added back $13.1M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $10.3M. Capital expenditures of $13.2M left free cash flow of $27.9M.
Questions
What was Worthington Enterprises' revenue in the first quarter fiscal 2026?
Worthington Enterprises (WOR) reported revenue of $304M for the first quarter fiscal 2026 (Q1 FY26), +18% from a year earlier and -4% from the quarter before.
Was Worthington Enterprises profitable in the first quarter fiscal 2026?
Operating profit was $9.2M (3.0% of revenue) and net earnings $35.1M.