{
  "id": 9343598,
  "title": "Worthington Q1 FY27 slides: data center push drives earnings beat",
  "url": "https://urgent.news/2026/09/23/worthington-q1-fy27-slides-data-center-push-drives-earnings-beat",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T13:44:12.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/worthington-q1-fy27-slides-data-center-push-drives-earnings-beat-93CH-4913286"
  },
  "original_language": "en",
  "account": "Worthington Enterprises reported stronger-than-expected financial results for its first fiscal quarter of 2027, surpassing Wall Street estimates. The company's strategic shift towards data center infrastructure drove earnings growth, while its core building and specialty products businesses maintained resilience. Adjusted earnings per share were $0.82, with revenue reaching $343.9 million, both beating market projections. Shares surged nearly 10% in after-hours trading, approaching a 52-week high before settling at $59.24. Data center-related ASME tank revenue totaled $13 million, matching the company's entire fiscal 2026 totals for that business, indicating accelerating growth potential. The company achieved $1.4 billion in trailing twelve-month net sales with an adjusted EBITDA of $303 million, representing a 21.3% margin. Free cash flow nearly doubled to $54 million, and free cash flow reached $196 million on a trailing twelve-month basis, marking a 116% conversion rate relative to adjusted net earnings. Worthington's segmented performance highlighted a 16% revenue growth in Building Performance Solutions to $215 million, while Trade & Specialty Solutions grew 8% to $129 million with improved profitability. The data center ecosystem represents a significant development, with ASME tanks for liquid cooling applications emerging as a focal point of investor interest.",
  "summary": null,
  "key_points": [
    "Worthington Q1 FY27 earnings beat expectations",
    "Data center push drives earnings growth",
    "ASME tank revenue matches fiscal 2026 totals"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}