Worthington, IonQ Surge on Earnings and Quantum Milestone; InnovAge, Voyager Fall on Offerings

Seeking Alpha·23 Sep 2026·

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Price Action Earnings Corporate Action Health Care Providers & Services

Summary · why it matters

Worthington Enterprises shares jumped 15% after the company reported an upbeat Q1 FY2027, with revenue rising 13.2% year over year to $343.9M and organic growth reaching 7%. Adjusted EBITDA increased 10% year over year, while operating cash flow rose $25.7M to $66.7M and free cash flow nearly doubled to $54M; CEO Joe Hayek highlighted rapidly growing demand for the company's engineered ASME tanks used in liquid cooling systems for data centers, and the company repurchased 335,000 shares for $18.2M and declared a quarterly dividend of $0.20 per share. IonQ climbed 11% after announcing a breakthrough in real-time quantum error correction, demonstrating an end-to-end decoder running on a single standard off-the-shelf CPU, tested across simulations of up to 408 logical qubits and more than 31.5M quantum operations with decoding overhead as low as 0.02% under standard operational noise. InnovAge Holding slipped 8% after pricing a secondary offering of 10M shares at $9.25 per share by investment funds affiliated with Apax Partners and Welsh, Carson, Anderson & Stowe, with underwriters granted a 30-day option for up to an additional 1.5M shares; InnovAge will receive no proceeds from the offering, set to close on September 24. Voyager Technologies fell 6% after announcing plans to offer $350M in convertible senior notes due 2032 in a private placement to qualified institutional buyers, with purchasers able to buy up to an additional $52.5M of notes; part of the proceeds will fund capped call transactions to reduce dilution, with the remainder for general corporate purposes, and the notes mature on Oct. 15, 2032.

InnovAge Holding Corp ▼

IONQ Inc ▲

Voyager Technologies, Inc. ▼

Worthington Industries Inc ▲