WORTHINGTON ENTERPRISES, INC.
For the period ended Feb 28, 2026. Filed Apr 9, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Feb 28, 2026 · Filed Apr 9, 2026
WOR$60.50-1.2%Stored close · as of Nov 6, 2026
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Commonly Used or Defined Terms
References in this Form 10-Q to “we,” “our,” “us” or the “Company” are collectively to Worthington Enterprises and its consolidated subsidiaries. In addition, the following terms, when used in this Form 10-Q, have the meanings set forth below:
| Term | Definition |
|---|---|
| ABI | Architecture Billings Index |
| AI | Artificial intelligence |
| AOCI | Accumulated other comprehensive income (loss) |
| ASU | Accounting Standards Update |
| ATSR | Annualized absolute total shareholder return |
| Board | Board of Directors of Worthington Enterprises, Inc. |
| CARES Act | Coronavirus Aid, Relief and Economic Security Act |
| CEO | Chief Executive Officer |
| ClarkDietrich | Clarkwestern Dietrich Building Systems LLC |
| CODM | Chief Operating Decision Maker |
| common shares | The common shares, no par value, of Worthington Enterprises |
| Credit Facility | Our $500,000,000 unsecured revolving credit facility with a group of lenders |
| current year period | The nine months ended February 28, 2026 |
| current year quarter | The three months ended February 28, 2026 |
| DMI | Dodge Momentum Index |
| EBIT | Earnings before interest and taxes |
| EBITDA | Earnings before interest, taxes, depreciation, and amortization |
| Elgen | Elgen Manufacturing Company, Inc. |
| EPS | Earnings per common share |
| equity income | Equity in net income of unconsolidated affiliates |
| ETR | Effective income tax rate |
| Exchange Act | Securities Exchange Act of 1934, as amended |
| FASB | Financial Accounting Standards Board |
| fiscal 2024 | Our fiscal year ended May 31, 2024 |
| fiscal 2025 | Our fiscal year ended May 31, 2025 |
| fiscal 2026 | Our fiscal year ending May 31, 2026 |
| Form 10-Q | This Quarterly Report on Form 10-Q for the quarterly period ended February 28, 2026 |
| GAAP | U.S. generally accepted accounting principles |
| Halo | WH Products, LLC |
| Hexagon Composites | Hexagon Composites ASA, which is traded on the Euronext Oslo as HEX |
| Hexagon Purus | Hexagon Purus ASA, which is traded on the Euronext Oslo as HPUR |
| HMI | National Association of Home Builders/Wells Fargo Housing Market Index |
| HVAC | Heating, ventilation, and air conditioning |
| Hydrostat | Hydrostat, Inc. |
| IEEPA | International Emergency Economic Powers Act, as amended |
| LIRA | Leading Indicator of Remodeling Activity |
| LPG | Liquefied petroleum gas |
| LSI | LSI Group, LLC |
| MD&A | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
| N.M. | Not meaningful |
| OCI | Other comprehensive income (loss) |
| prior year period | The nine months ended February 28, 2025 |
| prior year quarter | The three months ended February 28, 2025 |
| PSLRA | Private Securities Litigation Reform Act of 1995, as amended |
| Ragasco | Ragasco AS |
| SEC | Securities and Exchange Commission |
| SES | Sustainable Energy Solutions |
| Separation | The separation of our former steel processing business, effective December 1, 2023 |
| SG&A | Selling, general and administrative expenses |
| simple SOFR | Simple Secured Overnight Financing Rate |
| special PSA | Special award of common shares subject to performance-based and time-based vesting restrictions |
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| Term | Definition |
|---|---|
| Steel Supply and Services Agreement | Steel Supply and Services Agreement, dated November 30, 2023, by and between Worthington Steel and Worthington Enterprises. |
| third quarter of fiscal 2026 | Our fiscal quarter ended February 28, 2026 |
| Trademark License Agreement | Trademark License Agreement, dated November 30, 2023, by and between Worthington Steel and Worthington Enterprises. |
| Transition Services Agreement | Transition Services Agreement, dated November 30, 2023, by and between Worthington Steel and Worthington Enterprises. |
| U.S. | United States of America |
| WAVE | Worthington Armstrong Venture |
| Workhorse | Taxi Workhorse Holdings, LLC |
| Worthington Enterprises | Worthington Enterprises, Inc. (formerly known as Worthington Industries, Inc.) |
| Worthington Steel | Worthington Steel, Inc. |
Also see the definitions included in the “Use of Non-GAAP Financial Measures and Definitions” section of this Form 10-Q.
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