BUZZ - Worthington Enterprises stock surges due to better-than-expected Q1 results and optimistic outlook

September 23 - ** Shares of building and consumer products manufacturer Worthington Enterprises (WOR.N) rose 16.7% to $68.80 in pre-market trading after the company reported quarterly results that exceeded Wall Street expectations and offered an encouraging outlook

** If the gains hold, WOR shares are set to open at their highest level since June 2025

** The Columbus, Ohio-based company reported on Tuesday evening (link) that revenue for the first quarter of its fiscal year rose 13% year-on-year to $343.9 million, above the LSEG estimate of $331.3 million

** Adjusted earnings per share were 82 cents, surpassing analysts' estimate of 75 cents per share

** Looking ahead, CEO Joe Hayek said the company is very encouraged by the start to fiscal 2027 and the opportunities in each business segment, "including rapid growth in demand for our engineered ASME (American Society of Mechanical Engineers) tanks for data center liquid cooling systems."

** As of Tuesday's close, WOR shares were up 14% year-to-date, compared to a 9.5% increase for the S&P 600 Industrial Machinery, Supplies & Components Index .SPSMCINDM

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