Worthington Enterprises Inc (NYSE:WOR) stock rose 3.51% (As on June 25, 11:20:40 AM UTC-4, Source: Google Finance) after the company reported better-than-expected fourth-quarter results. Consumer Products continued to perform well in a dynamic environment, driven by disciplined cost management and effective execution, while Building Products delivered robust top- and bottom-line growth, supported by improved volumes and steady contributions from WAVE and ClarkDietrich. Net earnings from continuing operations more than doubled to $3.6 million, while adjusted EBITDA from continuing operations grew 35% to $85.1 million compared to the same quarter last year. The company’s Building Products segment was a key driver of growth, with net sales increasing 25.2% to $192.3 million and adjusted EBITDA rising significantly to $71.3 million. The company had Acquired Elgen Manufacturing, a market-leading designer and manufacturer of HVAC parts and components, ductwork and structural framing primarily used in commercial buildings throughout North America. The acquisition closed on June 19, 2025, for approximately $93 million, subject to closing adjustments. The Company ended the quarter with cash of $250.1 million, an increase of $5.9 million from May 31, 2024. Capital expenditures in the fiscal 2025 fourth quarter included approximately $7.7 million related to ongoing facility modernization projects.

WOR in the fourth quarter of FY25 has reported the adjusted earnings per share of $1.06, beating the analysts’ estimates for the adjusted earnings per share of 83 cents. The company had reported the adjusted revenue growth of 0.3 percent to $317.9 million in the fourth quarter of FY25, beating the analysts’ estimates for revenue of $300.96 million. Equity income increased $2.3 million from the prior year quarter to $42.7 million, driven by higher contributions from WAVE and ClarkDietrich, which were up a combined $6.4 million over the prior year quarter. This was partially offset by a loss at the SES joint venture, which included a $3.4 million non-cash impairment charge that reduced equity income in the quarter.

Additionally, the company also announced a 12% increase in its quarterly dividend to $0.19 per share, payable on September 29, 2025. Worthington Enterprises repurchased 200,000 shares of common stock for $9.8 million during the quarter, with 5,365,000 shares remaining on its share repurchase authorization.

Looking ahead, Hayek expressed confidence in the company’s ability to drive sustainable growth, citing the recent acquisition of Elgen Manufacturing for approximately $93 million as part of its strategy to build leadership positions in niche markets.