Worthington Enterprises Sales Rise After Elgen Acquisition

Dow Jones

Sep 24

By Katherine Hamilton

Worthington Enterprises' building products business helped boost sales in the fiscal first quarter after it acquired Elgen Manufacturing.

The maker of building and consumer products on Tuesday posted a profit of $35.1 million, or 70 cents a share, in the quarter ended Aug. 31, compared with $24.3 million, or 48 cents a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were 74 cents, ahead of the 70 cents anticipated by analysts, according to FactSet.

Revenue rose 18% to $303.7 million year over year. Analysts surveyed by FactSet forecast revenue of $291.8 million.

Sales were driven by higher volume in Worthington's building products business, which was bolstered by an extra $21 million in sales from its recent acquisition of HVAC parts manufacturer Elgen Manufacturing.

Its consumer products segment was still navigating a difficult macroeconomic environment, Chief Executive Joe Hayek said. Sales in that business increased about 1%, while building products revenue increased 32%.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

September 23, 2025 16:30 ET (20:30 GMT)

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Analysts surveyed by FactSet forecast revenue of $291.8 million.Sales were driven by higher volume in Worthington's building products business, which was bolstered by an extra $21 million in sales from its recent acquisition of HVAC parts manufacturer Elgen Manufacturing.Its consumer products segment was still navigating a difficult macroeconomic environment, Chief Executive Joe Hayek said. 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