Shares of Worthington Enterprises (NYSE: WOR) are soaring 25.58% in intraday trading, marking the largest percent increase on record for the stock. The surge comes after the industrial manufacturing company reported better-than-expected fiscal third-quarter earnings, demonstrating resilience in a challenging economic environment.

Worthington reported fiscal Q3 adjusted earnings of 91 cents per share, significantly beating analysts' estimates of 70 cents. This strong performance came despite a 4% decline in net sales, which reached $304.5 million for the quarter. The company's ability to deliver robust earnings growth in the face of lower revenues highlights its effective cost management and operational efficiency.

The impressive results were partially fueled by the company's recent acquisition of Ragasco, which helped offset the deconsolidation impact of its former Sustainable Energy Solutions segment. Worthington also pointed to market-share gains, a more favorable product mix, and improved margins in its wholly owned businesses as key drivers of its performance. Additionally, the company's joint ventures remained steady, contributing to the overall positive outlook.

The market's enthusiastic response to Worthington's earnings report reflects investor confidence in the company's business model and future prospects. As trading continues, it will be interesting to see if Worthington can maintain this momentum and how the broader market conditions might influence its stock performance in the coming days.