Worthington Industries vs NV Bekaert SA: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Worthington Industries Inc (WOR)

Q3 202616 Sep – 23 Sep 2026

▲3

Worthington Beats Estimates, Data-Center Tank Demand Accelerates

Q1 earnings beat lifts stock Worthington reported Q1 revenue of $343.9 million, up 13.2%, and adjusted EPS of $0.82, beating estimates. Adjusted EBITDA rose 10% and free cash flow nearly doubled. The stock jumped about 15% as results showed the business is growing faster than expected.
The earnings beat is the main new event driving the stock this period.
Data-center liquid cooling tanks gain traction Worthington shipped $13 million of ASME tanks for data-center liquid cooling in the quarter, matching its full prior-year total. Management expects sequential growth through fiscal 2027 in a market that could be over 10 times its legacy size. This opens a fast-growing new demand source.
It explains a key growth driver behind the earnings beat and future upside.
Investor day highlights under-the-radar data-center play Ahead of its November 10 investor day, Worthington emphasized its focus on construction, heating/cooling products, and data-center liquid-cooling tanks. Shares jumped 10% as investors saw it as an overlooked data-center supplier with double-digit contractor sales growth.
It shows a new narrative that attracted buyers before earnings.
Tariff refunds and steel weakness offset some gains Trade and Specialty Solutions got a $4 million boost from IEEPA tariff refunds, but the A2L refrigerant transition cut Building Performance EBITDA by about $7 million. The company also faces tariff uncertainty and weaker equity earnings from softer steel pricing, which could weigh on future results.
It gives a fair picture of real counterweights to the positive earnings and demand news.

September 202616 Sep – 23 Sep 2026

▲3

Worthington Beats Estimates, Data-Center Tank Demand Accelerates

Q1 earnings beat lifts stock Worthington reported Q1 revenue of $343.9 million, up 13.2%, and adjusted EPS of $0.82, beating estimates. Adjusted EBITDA rose 10% and free cash flow nearly doubled. The stock jumped about 15% as results showed the business is growing faster than expected.
The earnings beat is the main new event driving the stock this period.
Data-center liquid cooling tanks gain traction Worthington shipped $13 million of ASME tanks for data-center liquid cooling in the quarter, matching its full prior-year total. Management expects sequential growth through fiscal 2027 in a market that could be over 10 times its legacy size. This opens a fast-growing new demand source.
It explains a key growth driver behind the earnings beat and future upside.
Investor day highlights under-the-radar data-center play Ahead of its November 10 investor day, Worthington emphasized its focus on construction, heating/cooling products, and data-center liquid-cooling tanks. Shares jumped 10% as investors saw it as an overlooked data-center supplier with double-digit contractor sales growth.
It shows a new narrative that attracted buyers before earnings.
Tariff refunds and steel weakness offset some gains Trade and Specialty Solutions got a $4 million boost from IEEPA tariff refunds, but the A2L refrigerant transition cut Building Performance EBITDA by about $7 million. The company also faces tariff uncertainty and weaker equity earnings from softer steel pricing, which could weigh on future results.
It gives a fair picture of real counterweights to the positive earnings and demand news.

Latest16 Sep – 23 Sep 2026

▲3

Worthington Beats Estimates, Data-Center Tank Demand Accelerates

Q1 earnings beat lifts stock Worthington reported Q1 revenue of $343.9 million, up 13.2%, and adjusted EPS of $0.82, beating estimates. Adjusted EBITDA rose 10% and free cash flow nearly doubled. The stock jumped about 15% as results showed the business is growing faster than expected.
The earnings beat is the main new event driving the stock this period.
Data-center liquid cooling tanks gain traction Worthington shipped $13 million of ASME tanks for data-center liquid cooling in the quarter, matching its full prior-year total. Management expects sequential growth through fiscal 2027 in a market that could be over 10 times its legacy size. This opens a fast-growing new demand source.
It explains a key growth driver behind the earnings beat and future upside.
Investor day highlights under-the-radar data-center play Ahead of its November 10 investor day, Worthington emphasized its focus on construction, heating/cooling products, and data-center liquid-cooling tanks. Shares jumped 10% as investors saw it as an overlooked data-center supplier with double-digit contractor sales growth.
It shows a new narrative that attracted buyers before earnings.
Tariff refunds and steel weakness offset some gains Trade and Specialty Solutions got a $4 million boost from IEEPA tariff refunds, but the A2L refrigerant transition cut Building Performance EBITDA by about $7 million. The company also faces tariff uncertainty and weaker equity earnings from softer steel pricing, which could weigh on future results.
It gives a fair picture of real counterweights to the positive earnings and demand news.

NV Bekaert SA (0OQJ.LSE)

Q3 202617 Jul – 3 Sep 2026

▲2

Bekaert returns cash via buybacks as H1 holds steady and it exits a weak plant

Buyback keeps shrinking the share count Bekaert kept buying its own shares through the summer, cancelling them so each remaining share owns a bigger slice of the company. That steady demand supports the price, though the amounts are modest and spread over weeks.
The recurring buyback is the main ongoing force lifting the shares this period.
First-half results: flat sales, solid margin, softer profit Sales were flat and the 8.3% operating margin stayed healthy, with 4% more volume from tire cord. But profit fell 10% and cash flow was squeezed by the Bridgestone plant purchases, so the market got reassurance rather than a boost.
The half-year report is the period's key fundamental update on earnings and cash.
Sardinia exit trims a loss-making tire cord site Bekaert agreed to hand its Macchiareddu tire cord plant to Nuova Icom, with workers re-employed and the deal closing around October. It removes a site whose production was no longer viable, a small step toward a leaner, more profitable footprint.
This is the period's only structural portfolio move and shapes the longer-term cost base.

August 202617 Jul – 3 Sep 2026

▲2

Bekaert returns cash via buybacks as H1 holds steady and it exits a weak plant

Buyback keeps shrinking the share count Bekaert kept buying its own shares through the summer, cancelling them so each remaining share owns a bigger slice of the company. That steady demand supports the price, though the amounts are modest and spread over weeks.
The recurring buyback is the main ongoing force lifting the shares this period.
First-half results: flat sales, solid margin, softer profit Sales were flat and the 8.3% operating margin stayed healthy, with 4% more volume from tire cord. But profit fell 10% and cash flow was squeezed by the Bridgestone plant purchases, so the market got reassurance rather than a boost.
The half-year report is the period's key fundamental update on earnings and cash.
Sardinia exit trims a loss-making tire cord site Bekaert agreed to hand its Macchiareddu tire cord plant to Nuova Icom, with workers re-employed and the deal closing around October. It removes a site whose production was no longer viable, a small step toward a leaner, more profitable footprint.
This is the period's only structural portfolio move and shapes the longer-term cost base.

Latest17 Jul – 3 Sep 2026

▲2

Bekaert returns cash via buybacks as H1 holds steady and it exits a weak plant

Buyback keeps shrinking the share count Bekaert kept buying its own shares through the summer, cancelling them so each remaining share owns a bigger slice of the company. That steady demand supports the price, though the amounts are modest and spread over weeks.
The recurring buyback is the main ongoing force lifting the shares this period.
First-half results: flat sales, solid margin, softer profit Sales were flat and the 8.3% operating margin stayed healthy, with 4% more volume from tire cord. But profit fell 10% and cash flow was squeezed by the Bridgestone plant purchases, so the market got reassurance rather than a boost.
The half-year report is the period's key fundamental update on earnings and cash.
Sardinia exit trims a loss-making tire cord site Bekaert agreed to hand its Macchiareddu tire cord plant to Nuova Icom, with workers re-employed and the deal closing around October. It removes a site whose production was no longer viable, a small step toward a leaner, more profitable footprint.
This is the period's only structural portfolio move and shapes the longer-term cost base.