WORNYSESteel Works, Blast Furnaces & Rolling & Finishing MillsUS GAAP · USD

Worthington Enterprises, Inc

Worthington Enterprises is a U.S.-based manufacturer of consumer and building products organized around two operating segments: Consumer Products and Building Products. Its portfolio includes tools, outdoor living and celebrations products, plus pressurized containment solutions and building-related products sold through retail, distribution, and construction channels.

Liikevaihto1 381milj. USD
+19,7 %v/v
Liikevoitto (EBIT)76,2milj. USD
+811,2 %v/v
EBIT-marginaali5,5%
+6,4 %-yks.v/v
Nettotulos156milj. USD
+62,5 %v/v
Vapaa kassavirta170milj. USD
+6,9 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

−1 00001 0002 0003 0004 0005 000milj. USD2021: 3 171 milj. USD2021: EBIT 167 milj. USD20212022: 1 309 milj. USD2022: EBIT 49 milj. USD20222023: 4 916 milj. USD2023: EBIT 212 milj. USD20232024: 1 246 milj. USD2024: EBIT −73 milj. USD20242025: 1 154 milj. USD2025: EBIT −11 milj. USD20252026: 1 381 milj. USD2026: EBIT 76 milj. USD20261 38176
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Consumer Products45 %

Retail-oriented tools, outdoor living, and celebrations products sold through mass merchandisers, retailers, and distributors.

Pressurized Containment Solutions30 %

Cylinders, tanks, and related products used for heating, cooking, cooling, and gas storage applications.

Building Products25 %

Products serving residential and non-residential construction, including components sold through joint ventures.

Asiakkaat

The company sells to a mix of retail, distribution, and construction customers, with demand tied to consumer spending, housing activity, and repair/remodel cycles. Consumer Products is sold primarily through mass merchandisers, retailers, and distributors, while Building Products serves residential and non-residential construction end markets and gas-related industrial channels.

Mass merchandisers and retailers

Buy tools, outdoor living, and celebrations products for shelf-ready consumer resale.

Construction and repair/remodel customers

Buy building products used in residential and non-residential projects and renovation activity.

Gas producers and distributors

Buy pressurized containment solutions for heating, cooking, cooling, and gas handling applications.

Outdoor cooking and specialty consumer channels

Buy grills, pizza ovens, and related products for consumer outdoor living demand.

Strategia

The company’s strategy centers on using its brand portfolio, manufacturing scale, and customer relationships to grow in attractive end markets. It also emphasizes disciplined capital deployment, new product commercialization, operational optimization, and selective acquisitions and investments.

New product development and commercializationKeskipitkä aikaväli

Expands the portfolio into adjacent consumer and building applications and supports growth through innovation.

Operational and supply chain optimizationLyhyt aikaväli

Helps improve manufacturing efficiency and service levels in a business with retail and construction demand swings.

Selective acquisitions and portfolio shapingKeskipitkä aikaväli

Adds capabilities and end-market exposure while reshaping the business mix toward higher-value categories.

Maantiede

2025

The business is primarily U.S.-focused, but it also has meaningful international exposure, especially in Europe. Management discloses that international operations accounted for about 17% of consolidated net sales in fiscal 2025, and the company also owns or has owned operations in Europe and Norway through acquisitions and joint ventures.

USA77 %
Other countries (US filing)23 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Demand is cyclical and depends on consumer confidence, housing activity, and construction spending, so order patterns can weaken quickly when end markets soften. The company also faces customer concentration, retailer inventory swings, commodity and input-cost pressure, and integration or valuation risk from acquisitions and joint ventures.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Customer concentration1Cyclical end-market demand2Input cost and tariff pressure3Acquisition and joint venture execution4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Customer concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A small number of large retail customers can influence pricing, volume, and shelf placement.

    Kohdistuu: One retail customer accounted for 12% of consolidated net sales in fiscal 2025.

  2. Cyclical end-market demandVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Sales depend on housing, repair/remodel, and consumer discretionary spending.

    Kohdistuu: Building Products and consumer outdoor categories are tied to macro demand conditions.

  3. Input cost and tariff pressureVaikutus: KeskitasoTodennäköisyys: Korkea

    Steel-related and tariff-related costs can affect pricing, margins, and customer ordering behavior.

    Kohdistuu: Consumer and building product supply chains.

  4. Acquisition and joint venture executionVaikutus: KeskitasoTodennäköisyys: Matala

    Purchased businesses and equity-method investments require integration and valuation judgments.

    KohdistuuHaloRagascoThe Hexagon joint venture structure
  5. Customer inventory swingsVaikutus: Keskitaso

    Destocking or restocking can change order volumes independent of end-user demand.

    Kohdistuu: Especially relevant in Consumer Products sold through big-box retail channels.

Kirjanpito

Harkinnanvaraiset erät
Goodwill and intangible asset impairment

Acquired brands and customer relationships may need write-downs if recoverability weakens.

Vaikutus: GTI intangible impairment was recognized in fiscal 2025.

Business combination fair value estimates

Purchase price allocation depends on assumptions for revenue growth, discount rates, and attrition.

Vaikutus: Affects goodwill and amortizable intangible balances after acquisitions.

Contingent consideration

Earnout liabilities are remeasured as assumptions change.

Vaikutus: Can create non-cash gains or losses in restructuring/other expense.

Discontinued operations

The steel processing separation changes historical comparability across periods.

Vaikutus: Prior-year results include discontinued operations that are no longer part of continuing business.

Equity-method investments

Joint ventures such as WAVE, ClarkDietrich, and the Hexagon venture are not fully consolidated.

Vaikutus: Equity income is reported separately and can obscure underlying segment trends.

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026