Earnings summaries and quarterly performance for Worthington Steel.
Executive leadership at Worthington Steel.
Geoffrey G. Gilmore
Detailed
President and Chief Executive Officer
CEO
JB
John B. Blystone
Detailed
Executive Chairman
CJ
Clifford J. Larivey
President, Flat-Roll Steel Processing
JR
Jeffrey R. Klingler
Executive Vice President and Chief Operating Officer
TA
Timothy A. Adams
Vice President and Chief Financial Officer
Board of directors at Worthington Steel.
CM
Charles M. Chiappone
Detailed
Director
GP
George P. Stoe
Detailed
Lead Independent Director
JH
John H. McConnell II
Detailed
Director
JJ
Jon J. Bowsher
Detailed
Director
MC
Mark C. Davis
Detailed
Director
MS
Mary Schiavo
Detailed
Director
NG
Nancy G. Mistretta
Detailed
Director
SK
Scott Kelly
Detailed
Director
SA
Sidney A. Ribeau
Detailed
Director
Research analysts who have asked questions during Worthington Steel earnings calls.
ME
Martin Englert
S&P Global Commodity Insights
8 questions for WS
Also covers: CLF, GSM, NUE +2 more
Philip Gibbs
KeyBanc Capital Markets
8 questions for WS
Also covers: ATI, CLF, CMC +10 more
JT
John Tumazos
John Tumazos Very Independent Research
6 questions for WS
Also covers: AA, AEM, ASM +13 more
JC
John Charles Tumazos
John Tumazos Very Independent Research, LLC
2 questions for WS
Also covers: USAS
Samuel McKinney
KeyBanc Capital Markets
1 question for WS
Also covers: RDUS, RYI, ZEUS
Recent press releases and 8-K filings for WS.
Worthington Steel Announces Acquisition of Klöckner
WS
M&A
New Projects/Investments
Guidance Update
- Worthington Steel (WS) announced the all-cash acquisition of Klöckner for an enterprise value of approximately $2.4 billion, with the transaction expected to close in the second half of calendar year 2026.
- The acquisition is projected to make Worthington Steel the second largest service center in North America, significantly expanding its product offerings to include aluminum, stainless, long products, and downstream fabrication, and diversifying its geographic footprint.
- The deal is expected to be EPS accretive within the first full year of operation and is anticipated to generate approximately $150 million in annual run rate synergies by the end of 2028, with 50% of these synergies realizable in the first year.
- The combined entity is forecast to achieve $9.5 billion in sales and an EBITDA margin of 7%.
- Financially, the transaction is fully financed, with pro forma net leverage estimated at approximately four times at closing, and a clear plan to reduce leverage below 2.5 times within 24 months.
Jan 16, 2026, 1:30 PM
Worthington Steel to Acquire Kloeckner & Co
WS
M&A
Takeover Bid
- Worthington Steel (WS) announced its plan to acquire Kloeckner & Co for €11 per share in cash, implying an enterprise value of $2.4 billion.
- This acquisition is expected to establish WS as the second largest Service Center in North America and be substantially accretive to its EPS within the first full year of operation.
- The company anticipates realizing $150 million in annual run-rate synergies by the end of FY 2028, with 50% expected in Year 1 and 100% by Year 2.
- The all-cash tender offer, subject to regulatory approvals, is projected to close in the second half of calendar year 2026.
Jan 16, 2026, 1:30 PM
Worthington Steel Announces Acquisition of Klöckner
WS
M&A
New Projects/Investments
Guidance Update
- Worthington Steel announced the all-cash acquisition of Klöckner for EUR 11 per share, implying an enterprise value of approximately $2.4 billion.
- This acquisition is expected to position Worthington Steel as the second largest service center in North America by revenue, significantly expanding its geographic reach, product offerings, and market diversification.
- The transaction is projected to be accretive to Worthington Steel's earnings per share within the first full year of operation and is expected to generate $150 million in annual run rate synergies by the end of fiscal 2028, with 50% realizable in the first year.
- The combined company is anticipated to achieve $9.5 billion in sales and a 7% EBITDA margin (including synergies). Pro forma net leverage is expected to be approximately four times at closing, with a target to reduce it below 2.5 times within 24 months.
- The transaction is expected to close in the second half of calendar year 2026.
Jan 16, 2026, 1:30 PM
Worthington Steel Announces Acquisition of Klöckner
WS
M&A
- Worthington Steel announced its intention to acquire Klöckner through an all-cash public tender offer in Germany.
- The transaction implies an enterprise value of approximately $2.4 billion at an offer price of EUR 11 per share.
- The acquisition is expected to make Worthington Steel the second largest service center in North America by revenue, expanding its geographic reach, product offerings, and end markets.
- The combined company is projected to have sales of $9.5 billion and an EBITDA margin of 7%, with the transaction expected to be accretive to Worthington Steel's earnings per share within the first full year of operation.
- Worthington Steel anticipates achieving approximately $150 million in annual run-rate synergies by the end of 2028, with about 50% expected in the first year, primarily from North American operations. The transaction is expected to close in the second half of 2026.
Jan 16, 2026, 1:30 PM
Worthington Steel to Acquire Kloeckner & Co
WS
M&A
Takeover Bid
New Projects/Investments
- Worthington Steel (NYSE: WS) announced an all-cash acquisition of Kloeckner & Co, a leading metal processing company, to be implemented via a Voluntary Tender Offer in Germany.
- The transaction, valued at an enterprise value of $2.4 billion, is expected to create the second largest steel service center company in North America by revenue with over $9.5 billion of combined revenue.
- The acquisition is anticipated to generate an estimated $150 million of annual run-rate synergies and is expected to be substantially accretive to Worthington Steel’s EPS within the first full year of operation.
- Completion of the offer is expected in the second half of calendar year 2026, subject to a minimum acceptance threshold of 65% of Kloeckner’s issued share capital and regulatory approvals.
Jan 15, 2026, 10:25 PM
Worthington Steel Reports Strong Q2 Fiscal 2026 Results
WS
Earnings
Dividends
New Projects/Investments
- Worthington Steel reported net sales of $871.9 million for the second quarter of fiscal 2026, an 18% increase over the prior year quarter, with adjusted net earnings per diluted share of $0.38 compared to $0.19.
- The company generated $99.3 million in net cash from operating activities and $74.6 million in free cash flow during the quarter, ending with $89.8 million in cash and $92.3 million in net debt as of November 30, 2025.
- A quarterly dividend of $0.16 per share was declared, payable on March 27, 2026.
- Strategic electrical steel expansion projects in Mexico and Canada are on track for initial production or transition in the first quarter of calendar year 2026, and the integration of Sitem Group is progressing well. The company anticipates fiscal 2026 capital expenditures of approximately $110 million.
Dec 19, 2025, 9:23 PM
Worthington Steel Reports Q2 Fiscal Year 2026 Results
WS
Earnings
New Projects/Investments
M&A
- Worthington Steel reported net sales of $871.9 million, adjusted EBITDA of $48.3 million, and adjusted earnings per share of $0.38 for the second quarter of fiscal year 2026.
- The company generated $75 million in free cash flow and ended the quarter with $90 million of cash and $92 million of net debt.
- Direct sales volume increased 13% year-over-year, with direct shipments to the automotive market increasing 26% year-over-year.
- Strategic initiatives include electrical steel expansion projects in Mexico and Canada, successful integration of Sitem, and the deployment of AI agents to improve efficiency.
- Management anticipates market conditions to improve in the second half of calendar year 2026, despite a currently mixed demand environment and compressed galvanized spreads.
Dec 18, 2025, 1:30 PM
Worthington Steel Reports Q2 Fiscal Year 2026 Results
WS
Earnings
New Projects/Investments
M&A
- Worthington Steel reported net sales of $871.9 million, Adjusted EBITDA of $48.3 million, and Adjusted Earnings per Share of $0.38 for the second quarter of fiscal year 2026.
- The company generated $75 million in free cash flow and ended the quarter with $90 million in cash and $92 million in net debt.
- Direct volumes increased 13% year over year, with automotive direct shipments rising 26%, driven by market share gains.
- Strategic initiatives, including electrical steel expansion in Mexico and Canada and the integration of CDEM, are progressing as planned.
- Despite a mixed market environment and compressed galvanized spreads, management anticipates market improvement in the second half of calendar year 2026.
Dec 18, 2025, 1:30 PM
Worthington Steel Reports Q2 2026 Financial Results with Increased Direct Sales and Strategic Progress
WS
Earnings
New Projects/Investments
M&A
- Worthington Steel reported net sales of $871.9 million, Adjusted EBITDA of $48.3 million, and Adjusted Earnings per Share of $0.38 for the second quarter of fiscal year 2026.
- The company generated $75 million in free cash flow and ended the quarter with $90 million in cash and $92 million in net debt.
- Direct sales volumes increased 13% year over year, with automotive shipments up 26% and energy shipments up 50%, partially offsetting softness in construction and heavy truck markets.
- Strategic initiatives include electrical steel expansion projects on track for initial production in Q1 2026, successful integration of CDEM, and deployment of AI agents to enhance operational efficiency.
- Management anticipates market improvement in the second half of calendar year 2026 and expects fiscal year 2026 Capital Expenditures to be approximately $110 million.
Dec 18, 2025, 1:30 PM
Worthington Steel Announces Q2 2026 Financial and Strategic Highlights
WS
Earnings
New Projects/Investments
M&A
- Worthington Steel reported trailing twelve-month (TTM) Net Sales of $3.3 billion, Adjusted EBITDA of $252 million (7.7% margin), and Free Cash Flow of $72.5 million as of November 30, 2025.
- The company maintains a strong financial position with $396 million in total liquidity and a trailing twelve-month net leverage of 0.37x as of November 30, 2025.
- Strategic capital investments include $85 million each for expanding motor lamination capacity in Mexico and transformer core making capacity in Canada, both targeting start of production in early CY 2026.
- Worthington Steel completed the Sitem acquisition on June 3, 2025, acquiring 52% ownership to strengthen its global electrical steel business.
Dec 18, 2025, 1:30 PM
Quarterly earnings call transcripts for Worthington Steel.
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