Worthington Enterprises Inc (WOR) financial statements: income statement, balance sheet and cash flow

Worthington Enterprises Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (May 31, 2026 · FY), Worthington Enterprises Inc reported revenue of $1.4B (+19.7% year on year) and net income of $156.1M (+62.5% year on year).

Income statement

Worthington Enterprises Inc income statement, fiscal years

Line item	May 31, 2026 · FY	May 31, 2025 · FY	May 31, 2024 · FY	May 31, 2023 · FY
Net sales	$1.4B	$1.2B	$1.2B	$4.9B
Cost of goods sold	$1.0B	$834.7M	$960.7M	$4.3B
Gross profit	$378.3M	$319.0M	$285.0M	$663.3M
Selling, general and administrative expense	$295.0M	$268.4M	$283.5M	$428.9M
Restructuring and other expense, net	$7.1M	$10.5M	$29.3M	($4.6M)
Operating income (loss)	$76.2M	($10.7M)	($73.5M)	$212.4M
Miscellaneous expense, net	($3.2M)	($3.2M)	($17.1M)	($1.2M)
Interest expense, net	($6.2M)	($2.1M)	($1.6M)	($26.8M)
Equity in net income of unconsolidated affiliates	$134.6M	$144.8M	$167.7M	$161.0M
Earnings before income taxes	$201.3M	$128.8M	$74.0M	$345.4M
Income tax expense	$46.3M	$33.8M	$39.0M	$76.2M
Net earnings from continuing operations	$155.0M	$95.0M	$35.0M	—
Net earnings	$155.0M	$95.0M	$117.8M	$269.2M
Net (loss) earnings attributable to noncontrolling interests	($1.1M)	($1.1M)	$7.2M	$12.6M
Net earnings attributable to controlling interest	$156.1M	$96.1M	$110.6M	$256.5M
Net earnings from continuing operations	$156.1M	$96.1M	$35.2M	—
Net Income	$156.1M	$96.1M	$110.6M	—
Continuing operations	$3.18	$1.94	$0.72	—
Consolidated	$3.18	$1.94	$2.25	$5.28
Continuing operations	$3.14	$1.92	$0.7	—
Consolidated	$3.14	$1.92	$2.20	$5.19
Weighted average common shares outstanding - basic	49.1M	49.4M	49.2M	48.6M
Weighted average common shares outstanding - diluted	49.7M	50.1M	50.3M	49.4M

Worthington Enterprises Inc income statement, quarters

Line item	Aug 31, 2026 · Q1	Feb 28, 2026 · Q3	Nov 30, 2025 · Q2	Aug 31, 2025 · Q1
Net sales	$343.9M	$378.7M	$327.5M	$303.7M
Cost of goods sold	$253.0M	$269.2M	$242.8M	$221.4M
Gross profit	$90.9M	$109.5M	$84.6M	$82.3M
Selling, general and administrative expense	$77.2M	$75.7M	$70.7M	$70.6M
Restructuring and other expense, net	$717.0K	$2.2M	$1.6M	$2.5M
Operating income	$13.0M	$31.5M	$12.3M	$9.2M
Miscellaneous income (expense), net	$4.1M	($316.0K)	($4.1M)	($156.0K)
Interest expense, net	($2.1M)	($1.8M)	($1.5M)	($63.0K)
Equity in net income of unconsolidated affiliates	$40.6M	$30.7M	$29.1M	$36.7M
Earnings before income taxes	$55.6M	$60.1M	$35.8M	$45.7M
Income tax expense	$13.0M	$15.0M	$8.8M	$10.9M
Net earnings	$42.6M	$45.1M	$27.0M	$34.8M
Net loss attributable to noncontrolling interest	$0	($343.0K)	($299.0K)	($327.0K)
Net earnings attributable to controlling interest	$42.6M	$45.5M	$27.3M	$35.1M
Weighted average common shares outstanding	48.6M	49.1M	49.2M	49.3M
Earnings per common share attributable to controlling interest	$0.88	$0.93	$0.56	$0.71
Weighted average common shares outstanding	49.2M	49.7M	49.8M	50.0M
Earnings per common share attributable to controlling interest	$0.87	$0.92	$0.55	$0.70
Cash dividends declared per common share	$0.20	$0.19	$0.19	$0.19

Balance sheet

Worthington Enterprises Inc balance sheet, fiscal years

Line item	May 31, 2026 · FY	May 31, 2025 · FY	May 31, 2024 · FY	May 31, 2023 · FY
Cash and cash equivalents	$27.7M	$250.1M	$244.2M	$454.9M
Receivables, less allowances of $1,310 and $907, respectively	$228.2M	$215.8M	$199.8M	$692.9M
Raw materials	$110.5M	$80.5M	$66.0M	$264.6M
Work in process	$9.5M	$9.4M	$11.7M	$183.2M
Finished products	$87.3M	$79.5M	$86.9M	$160.2M
Total inventories	$207.3M	$169.4M	$164.6M	$608.0M
Income taxes receivable	$20.0M	$12.7M	$17.3M	$4.2M
Prepaid expenses and other current assets	$41.3M	$37.4M	$47.9M	$105.0M
Total current assets	$524.5M	$685.4M	$673.9M	$1.9B
Investments in unconsolidated affiliates	$118.0M	$129.3M	$144.9M	$252.6M
Operating lease assets	$42.9M	$22.7M	$18.7M	$100.0M
Goodwill	$500.8M	$376.5M	$331.6M	$414.8M
Other intangible assets, net of accumulated amortization of $106,944 and $88,887, respectively	$322.8M	$190.4M	$221.1M	$314.2M
Other assets	$28.2M	$20.7M	$21.3M	$25.3M
Land	$8.7M	$8.7M	$8.7M	$49.7M
Buildings and improvements	$136.4M	$132.7M	$123.5M	$308.7M
Machinery and equipment	$411.0M	$372.8M	$321.8M	$1.3B
Construction in progress	$66.5M	$33.3M	$24.5M	$45.2M
Total property, plant and equipment	$622.7M	$547.6M	$478.5M	$1.7B
Less: accumulated depreciation	$311.8M	$277.3M	$251.3M	$991.8M
Total property, plant and equipment, net	$310.9M	$270.2M	$227.2M	$675.7M
Total assets	$1.8B	$1.7B	$1.6B	$3.7B
Accounts payable	$115.2M	$103.2M	$91.6M	$528.9M
Accrued compensation, contributions to employee benefit plans and related taxes	$41.7M	$43.9M	$42.0M	$93.8M
Dividends payable	$9.8M	$9.2M	$9.0M	$18.3M
Other accrued items	$45.8M	$34.5M	$29.1M	$53.4M
Current operating lease liabilities	$8.0M	$6.0M	$6.2M	$12.6M
Income taxes payable	$867.0K	$109.0K	$470.0K	$7.5M
Total current liabilities	$221.4M	$196.8M	$178.4M	$717.6M
Other liabilities	$56.7M	$53.4M	$62.2M	$113.3M
Distributions in excess of investment in unconsolidated affiliate	$105.3M	$103.8M	$111.9M	$117.3M
Long-term debt	$305.9M	$302.9M	$298.1M	$689.7M
Noncurrent operating lease liabilities	$35.9M	$17.2M	$12.8M	$90.0M
Deferred income taxes, net	$95.8M	$82.9M	$84.2M	$101.4M
Total liabilities	$821.0M	$756.9M	$747.6M	$1.8B
Additional paid-in capital	$312.0M	$308.6M	$299.0M	$290.8M
Accumulated other comprehensive income, net of taxes of $(951) and $(173) at May 31, 2026 and May 31, 2025, respectively	$10.9M	$4.0M	$454.0K	($23.2M)
Retained earnings	$704.1M	$624.5M	$589.4M	$1.4B
Total shareholders' equity - controlling interest	$1.0B	$937.2M	$888.9M	$1.7B
Noncontrolling interests	$0	$1.1M	$2.1M	$125.6M
Total equity	$1.0B	$938.2M	$891.0M	$1.8B
Total liabilities and equity	$1.8B	$1.7B	$1.6B	$3.7B

Worthington Enterprises Inc balance sheet, quarters

Line item	Aug 31, 2026	Feb 28, 2026	Nov 30, 2025	Aug 31, 2025
Cash and cash equivalents	$55.1M	$6.0M	$180.3M	$167.1M
Receivables, less allowances of $1,290 and $1,310, respectively	$185.7M	$231.9M	$207.3M	$214.1M
Raw materials	$119.8M	$104.7M	$98.6M	$103.1M
Work in process	$11.3M	$8.1M	$8.2M	$9.7M
Finished products	$91.5M	$84.8M	$91.6M	$88.8M
Total inventories	$222.6M	$197.6M	$198.4M	$201.6M
Income taxes receivable	$10.3M	$25.4M	$25.6M	$4.6M
Prepaid expenses and other current assets	$49.1M	$43.0M	$37.1M	$38.7M
Total current assets	$522.7M	$503.9M	$648.8M	$626.0M
Investments in unconsolidated affiliates	$119.6M	$118.7M	$119.2M	$129.7M
Operating lease assets	$41.0M	$44.7M	$39.6M	$39.6M
Goodwill	$499.1M	$499.5M	$412.8M	$412.3M
Other intangible assets, net of accumulated amortization of $112,044 and $106,944, respectively	$317.2M	$327.4M	$219.1M	$222.9M
Other assets	$28.0M	$24.9M	$25.3M	$20.9M
Land	$8.7M	$8.7M	$8.7M	$8.7M
Buildings and improvements	$136.4M	$136.3M	$135.1M	$134.8M
Machinery and equipment	$406.9M	$409.6M	$390.6M	$384.9M
Construction in progress	$75.3M	$57.2M	$50.4M	$45.7M
Total property, plant and equipment	$627.2M	$611.8M	$584.9M	$574.1M
Less: accumulated depreciation	$314.1M	$307.3M	$296.3M	$287.4M
Total property, plant and equipment, net	$313.1M	$304.5M	$288.6M	$286.7M
Total assets	$1.8B	$1.8B	$1.8B	$1.7B
Accounts payable	$105.5M	$107.4M	$104.8M	$102.8M
Accrued compensation, contributions to employee benefit plans and related taxes	$36.6M	$43.1M	$29.4M	$33.5M
Dividends payable	$10.2M	$9.8M	$9.8M	$10.0M
Other accrued items	$34.6M	$39.7M	$46.0M	$35.8M
Current operating lease liabilities	$8.0M	$8.0M	$8.5M	$7.6M
Income taxes payable	$1.2M	$554.0K	$634.0K	$71.0K
Total current liabilities	$196.0M	$213.2M	$199.1M	$189.8M
Other liabilities	$56.8M	$58.5M	$57.6M	$57.5M
Distributions in excess of investment in unconsolidated affiliate	$102.3M	$109.6M	$106.4M	$103.2M
Long-term debt	$305.6M	$307.3M	$305.3M	$306.0M
Noncurrent operating lease liabilities	$34.0M	$37.7M	$31.9M	$32.7M
Deferred income taxes, net	$98.8M	$94.8M	$90.1M	$89.2M
Total liabilities	$793.6M	$821.0M	$790.3M	$778.3M
Shareholders' equity	$1.0B	$1.0B	$962.6M	$959.1M
Total liabilities and equity	$1.8B	$1.8B	$1.8B	$1.7B

Cash flow statement

Worthington Enterprises Inc cash flow statement, fiscal years

Line item	May 31, 2026 · FY	May 31, 2025 · FY	May 31, 2024 · FY	May 31, 2023 · FY
Net earnings	$155.0M	$95.0M	$117.8M	$269.2M
Depreciation and amortization	$57.3M	$48.3M	$80.7M	$112.8M
Provision for (benefit from) deferred income taxes	$8.4M	($18.4M)	$2.8M	($15.5M)
Bad debt expense (income)	$358.0K	$3.2M	($450.0K)	$2.1M
Equity in net income of unconsolidated affiliates, net of distributions	$5.4M	$8.8M	$5.7M	$79.9M
Net loss on sale of assets	$3.3M	$277.0K	$29.0M	($4.5M)
Stock-based compensation	$13.7M	$16.2M	$16.7M	$19.2M
Unrealized loss on investment in marketable securities	$975.0K	—	—	—
Receivables	$7.7M	($22.3M)	$50.1M	$143.1M
Inventories	($11.6M)	$11.5M	$63.6M	$160.1M
Accounts payable	$3.8M	$619.0K	($65.4M)	($150.4M)
Accrued compensation and employee benefits	($2.0M)	$1.8M	$468.0K	($23.2M)
Other operating items, net	($16.3M)	$9.1M	($58.1M)	$22.9M
Net cash provided by operating activities	$226.1M	$209.7M	$290.0M	$625.4M
Investment in property, plant and equipment	($55.9M)	($50.6M)	($83.5M)	($86.4M)
Acquisitions, net of cash acquired	($304.1M)	($95.0M)	($42.0M)	($56.1M)
Proceeds from sale of assets, net of selling costs	$245.0K	$13.5M	$865.0K	$35.7M
Investment in non-marketable equity securities, net of distributions	($251.0K)	($3.0M)	($2.3M)	($770.0K)
Net cash used by investing activities	($360.1M)	($135.1M)	($140.8M)	($71.8M)
Dividends paid	($36.9M)	($33.9M)	($56.8M)	($59.2M)
Repurchase of common shares	-43.7M	-30.9M	—	—
Proceeds from issuance of common shares, net of tax withholdings	-5.9M	-4.0M	-11.4M	-1.8M
Principal payments on long-term obligations	($1.9M)	—	($393.9M)	($6.7M)
Net cash used by financing activities	($88.4M)	($68.8M)	($359.9M)	($133.1M)
(Decrease) increase in cash and cash equivalents	($222.3M)	$5.8M	($210.7M)	$420.5M
Cash and cash equivalents at beginning of year	$250.1M	$244.2M	$454.9M	$34.5M
Cash and cash equivalents at end of year	$27.7M	$250.1M	$244.2M	$454.9M

Worthington Enterprises Inc cash flow statement, quarters

Line item	Aug 31, 2026 · Q1	Feb 28, 2026 · YTD	Nov 30, 2025 · YTD	Aug 31, 2025 · Q1
Net earnings	$42.6M	$107.0M	$61.9M	$34.8M
Depreciation and amortization	$15.6M	$41.4M	$26.9M	$13.1M
Provision for deferred income taxes	$3.0M	—	—	—
Bad debt income	($134.0K)	$112.0K	$209.0K	($21.0K)
Equity in net income of unconsolidated affiliates, net of distributions	($4.7M)	$9.0M	$4.9M	($181.0K)
Net gain on sale of assets	($4.0M)	$3.0M	$3.0M	—
Stock-based compensation	$4.0M	$10.5M	$6.8M	$3.4M
Unrealized gain on investment in marketable securities	($20.0K)	$1.6M	$1.2M	—
Receivables	$41.9M	$3.9M	$20.8M	$14.1M
Inventories	($15.3M)	($1.7M)	($12.7M)	($15.8M)
Accounts payable	($8.9M)	($3.4M)	($10.0M)	($11.9M)
Accrued compensation and employee benefits	($5.1M)	($820.0K)	($14.5M)	($10.4M)
Other operating items, net	($2.3M)	($23.8M)	$527.0K	$11.0M
Net cash provided by operating activities	$66.7M	$154.5M	$92.6M	$41.1M
Investment in property, plant and equipment	($12.8M)	($39.4M)	($25.6M)	($13.2M)
Acquisitions, net of cash acquired	($2.4M)	($304.4M)	($92.2M)	($92.2M)
Proceeds from sale of assets, net of selling costs	$1.0M	$18.0K	—	—
Net cash used by investing activities	($14.1M)	($343.9M)	($117.9M)	($105.4M)
Dividends paid	($9.4M)	($27.5M)	($18.2M)	($8.6M)
Repurchase of common shares	-18.2M	-25.3M	-20.0M	-6.3M
Principal payments on long-term obligations	($318.0K)	($760.0K)	($476.0K)	($197.0K)
Proceeds from issuance of common shares, net of tax withholdings	2.7M	-5.8M	-5.8M	-3.6M
Net cash used by financing activities	($25.3M)	($54.7M)	($44.5M)	($18.6M)
Increase (decrease) in cash and cash equivalents	$27.3M	($244.1M)	($69.8M)	($83.0M)
Cash and cash equivalents at beginning of period	$27.7M	$250.1M	$250.1M	$250.1M
Cash and cash equivalents at end of period	$55.1M	$6.0M	$180.3M	$167.1M

Worthington Enterprises Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.