Worthington CFO Reveals Data Center Liquid Cooling Revenue to Hit $13M in Q1 FY2027
WOR sits 30% above its 52-week low of $45.01.
Summary
Worthington's CFO disclosed that data center liquid cooling revenue will hit $13 million in Q1 FY2027 alone, matching all of FY2026, and provided detailed metrics on its joint ventures and recent acquisitions.
Key Events · Earnings and Guidance · WOR
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Data Center Liquid Cooling Revenue Surge
CFO Colin Souza stated the company expects to generate $13 million in revenue from data center liquid cooling products in Q1 FY2027 alone, matching the full-year FY2026 total of $13 million.
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ClarkDietrich Earnings Trough Confirmed
ClarkDietrich contributed $22 million in equity income in FY2026, down $19 million year-over-year, but management believes earnings have troughed and sees potential upside as new construction recovers.
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WAVE Joint Venture Margin Highlighted
The WAVE ceiling grid joint venture generates over $500 million in revenue with a 49% EBITDA margin, underscoring its value as a 'crown jewel' asset.
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Acquisition Metrics Disclosed
Logansport, acquired in FY2026, has $50 million in revenue and $22 million in EBITDA (40% margin). Elgen, closed June 2025, is positioned in commercial HVAC components with manufacturing synergies.
Analysis · WOR · Manufacturing
The fireside chat transcript provides the first detailed disclosure of Worthington's data center liquid cooling opportunity, with Q1 FY2027 revenue expected to match the entire FY2026 total of $13 million. Management also quantified the ClarkDietrich joint venture's equity income decline and stated earnings have troughed, while revealing WAVE's exceptional 49% EBITDA margin on over $500 million in revenue. These specifics give investors concrete numbers to model the company's growth trajectory and joint venture recovery.
How filings like this one have moved
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At the time of this filing, WOR was trading at $58.57 on NYSE in the Manufacturing sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $45.01 to $67.80. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.