What happened with WOR today?
No read yet
Uses news and trading volume to explain the day’s move and how it relates to the market.
Stop guessing. Get the call, a three-month target price, the best and worst cases, and a source for every claim.
Worthington Enterprises’ largest business is Building Products. It makes cylinders that hold refrigerants and liquefied petroleum gas, generally selling them to gas producers and distributors for cooling, heating and cooking uses. It also makes water and expansion tanks, heating and air-conditioning systems, and metal roofing clips. Together, Building Products accounts for most company sales.
Consumer Products supplies do-it-yourself users and professional tradespeople, mainly through large retailers and distributors. Products include Bernzomatic torches, propane-filled cylinders, hand and drywall tools, Balloon Time helium-filled balloon kits, and outdoor cooking equipment. One unnamed retail customer supplies a substantial share of this business’s sales.
The company also earns an important part of its profits through joint ventures. WAVE, its venture with Armstrong World Industries, makes ceiling suspension systems; ClarkDietrich makes light-gauge steel framing for construction.
Demand depends largely on U.S. construction, renovation and consumer spending. Retailers’ inventory decisions also affect orders: they can buy less while reducing stock even when shoppers’ purchases remain steady. Customers generally buy order by order rather than under long-term contracts.
The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.
Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
Armstrong World Industries and Worthington Enterprises each own half of WAVE, which sells ceiling suspension systems for commercial and residential buildings and contributed $118.1 million to Worthington’s fiscal 2026 equity income. Watch WAVE’s earnings in Armstrong’s Mineral Fiber results: they reflect the same ceiling business that feeds Worthington’s Building Products earnings.
Worthington Steel supplies Worthington Enterprises with large quantities of steel processed to its specifications under a Steel Supply Agreement, making it a supplier of Worthington’s largest direct material input. Watch steel pricing and supply news: steel costs affect both Worthington operating segments, although it can replace suppliers without significant disruption.
Gibraltar Industries sells metal roofing and construction accessories into new-building and repair markets that overlap with Worthington Enterprises’ roof clips and commercial-roof retrofit components. Its Residential roofing sales offer a read on spending in those shared markets, rather than on Worthington’s broader building-products business.
Franklin Electric’s groundwater pumps and controls serve water systems that also need Worthington Enterprises’ well-water and expansion tanks, linking both to installation and replacement spending. Watch Franklin’s pump and control sales for residential and commercial buildings, rather than its agricultural or fuel-system business, for clues to demand for Worthington’s tanks.
Graco sells painting and coating equipment to homeowners and contractors whose project spending also supports Worthington Enterprises’ drywall tools and repair-and-remodel products. Watch Graco’s Contractor segment sales for a read on this shared customer spending; it sells paint sprayers through distributors and retailers and accounted for about 48% of Graco’s 2025 sales.
Lincoln Electric’s Harris business competes with Worthington Enterprises’ handheld torches for tradespeople and retail buyers through its cutting, soldering and brazing offerings. Watch Harris’s retail business, primarily in the United States, for the closest view of this overlap—not Lincoln’s broader welding operations.
Housing Starts (Sep)
New-home construction readings track homebuilding activity, which drives demand for Worthington Enterprises’ Building Products for residential construction and for Consumer Products tools and outdoor-living goods used in building and repair.
Expected1.31MLast release1.275M
If it comes in above expectations
If the reading is above the 1.31M estimate, it is above the previous 1.275M. More starts or permits, or stronger new-home sales, point to firmer homebuilding demand, which may lift customer orders and sales of Worthington Enterprises’ residential Building Products and construction-related tools and outdoor-living goods.
If it comes in below expectations
Fewer starts or permits, or weaker new-home sales, point to softer homebuilding demand, which may reduce customer orders and sales of Worthington Enterprises’ residential Building Products and construction-related tools and outdoor-living goods.
Graco Inc earningsGGG
Graco's Contractor sales show whether homeowners and contractors are spending on painting and repair projects that also support Worthington Enterprises' drywall tools and repair-and-remodel products.
Focus on Graco's Contractor sales, not its overall results, as the read on project spending. Stronger sales suggest painting and repair work is supporting shared customer demand, which helps Worthington Enterprises' drywall tools and repair-and-remodel products. Weaker sales suggest those customers may be pulling back, leaving less demand support for Worthington's related products.
Armstrong World Industries, Inc. earningsAWI
Armstrong World Industries' Mineral Fiber results will reflect the WAVE ceiling-systems business it co-owns with Worthington Enterprises, whose earnings contribute to Worthington's Building Products segment.
Watch the WAVE contribution within Armstrong World Industries' Mineral Fiber results; WAVE is the ceiling-systems joint venture the two companies each own half of. A stronger contribution would support Worthington Enterprises' equity income from the venture. A weaker one would mean less earnings support for Worthington's Building Products segment from this shared business.
Lincoln Electric Holdings Inc earningsLECO
Lincoln Electric's Harris retail sales show how its cutting, soldering and brazing products are competing for buyers who also consider Worthington Enterprises' handheld torches.
Focus on Harris's retail business, not Lincoln Electric's broader welding operations, for this direct competitive signal. Stronger Harris retail sales mean its products are selling better in the overlapping retail and trades customer base, pointing to more competition for Worthington Enterprises' handheld torches. Weaker sales ease that signal, but do not establish that Worthington sold more.
Franklin Electric Co Inc earningsFELE
Franklin Electric's pump and control sales for residential and commercial buildings show installation and replacement demand linked to Worthington Enterprises' well-water and expansion tanks.
Focus on Franklin Electric's pump and control sales for residential and commercial buildings, rather than its agricultural or fuel-system business. Stronger sales suggest firmer water-system installation or replacement demand, which supports demand for Worthington Enterprises' related tanks. Weaker sales point to a cooler shared installation market and less support for tank demand.
Fed Interest Rate Decision
Worthington Enterprises sells building and consumer products into rate-sensitive construction and consumer markets, so interest-rate changes can shift customer purchases and, if it borrows, its financing costs.
Expected4.0%Last release4.0%
If it comes in above expectations
Higher rates could weigh on homebuilding and consumer spending, reducing orders for Worthington Enterprises’ building products and tools and outdoor-living goods; if it borrows, its credit-facility rate is tied to its credit ratings, so borrowing costs may also change with those ratings.
If it comes in below expectations
Lower rates could support homebuilding and consumer spending, lifting customer orders for Worthington Enterprises’ building products and tools and outdoor-living goods; if it borrows, its credit-facility rate is tied to its credit ratings, so borrowing costs may also change with those ratings.
Gibraltar Industries, Inc. earningsROCK
Gibraltar Industries' Residential roofing sales show spending in new-building and repair markets where Worthington Enterprises also sells metal roofing clips.
Focus on Gibraltar Industries' Residential roofing business, not its total sales, as a read on this overlap. Stronger sales suggest spending in shared new-building and repair markets is holding up, supporting demand for Worthington Enterprises' roofing clips. Weaker sales mean those markets provide less support for clip demand.
Retail Sales MoM (Oct)
Retail sales track consumer purchases, which matter to Worthington Enterprises because mass merchandisers, retailers and distributors sell its tools, outdoor-living and celebration products and place replenishment orders.
Stronger retail sales suggest consumers are buying more, which may support replenishment orders for Worthington Enterprises’ tools, outdoor-living and celebration products; weaker sales suggest less replenishment and pressure on its Consumer Products sales.
Worthington Enterprises, Inc. earningsThis company
Building Products accounts for about 62% of Worthington Enterprises' sales, and this report will show whether its sales and profit hold up as customer inventories normalize.
Read Building Products sales alongside its adjusted EBITDA, a profit measure before interest, taxes, depreciation and amortization, and note how much growth comes from acquired businesses. If sales and earnings hold up as customer inventories normalize, without growth relying mainly on acquisitions, demand for products such as refrigerant cylinders and HVAC systems is providing support. If both weaken, or growth comes mainly from acquisitions, the earlier lift may have depended more on temporary stocking or newly acquired operations. Consumer Products sales show whether the smaller segment is also supporting the business.
Worthington Steel, Inc. earningsWS
Worthington Steel supplies large quantities of steel to Worthington Enterprises, so its report's signals on steel pricing and supply help show the cost pressure on both of Worthington's segments.
Watch Worthington Steel's comments on steel pricing and supply. They are a signal about the input market, not disclosure of Worthington Enterprises' actual purchase prices or supply terms. Stable prices and availability would mean less potential cost pressure on both Worthington segments. Higher prices or tighter supply could squeeze margins if Worthington cannot pass the costs on to customers.
