Worthington Beats Estimates, Data Center Growth Drives Results
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Show Notes
Worthingtons Q1 2026 results exceeded expectations, with revenue of $378.7M and adjusted EPS of $0.98. Organic growth surged in building products and consumer goods, driven by data center demand and new products. Despite strong volumes and operating margins, adjusted EBITDA missed estimates. Shares dropped slightly, reflecting investor focus on EBITDA. Analysts questioned data center visibility and tariff edges, with Worthington projecting growth through staff investments and supply chain adjustments. Future prospects hinge on data center order ramps, LSI acquisition, factory upgrades, and organic momentum from new products.
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