Earnings summaries and quarterly performance for Worthington Steel.
Executive leadership at Worthington Steel.
Board of directors at Worthington Steel.
Research analysts who have asked questions during Worthington Steel earnings calls.
Martin Englert
S&P Global Commodity Insights
6 questions for WS
Also covers: CLF, GSM, NUE +2 more
Philip Gibbs
KeyBanc Capital Markets
6 questions for WS
Also covers: ATI, CLF, CMC +10 more
John Tumazos
John Tumazos Very Independent Research
4 questions for WS
Also covers: AA, AEM, ASM +13 more
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 Reports Strong Q1 Fiscal 2026 Results, Completes Sitem Acquisition, and Declares Dividend
WS
Earnings
M&A
Dividends
- Worthington Steel reported strong first quarter fiscal 2026 results with net sales of $872.9 million, an increase of 5% compared to the prior year, and diluted net earnings per share of $0.72, up from $0.56.
- The company completed its acquisition of 52% of S.I.T.E.M. S.p.A. (Sitem Group) on June 3, 2025, which contributed to increased sales and expanded its global reach in the EV market.
- Worthington Steel declared a quarterly dividend of $0.16 per share, payable on December 26, 2025.
- While automotive shipments increased by 17% year-over-year, the company experienced reductions in construction, Ag, and heavy truck markets, and anticipates $5 to $10 million in inventory holding losses in the second quarter of fiscal 2026.
- The company is making strategic investments in electrical steel capacity in Canada and Mexico and is implementing AI-driven pilots for demand forecasting, inventory optimization, and predictive maintenance.
Sep 29, 2025, 8:40 PM
Worthington Steel Reports Q1 Fiscal Year 2026 Results and Sedum Acquisition Impact
WS
Earnings
M&A
Demand Weakening
- Worthington Steel reported net sales of $872.9 million, adjusted EBITDA of $75.2 million, and earnings per share of $0.72 for Q1 fiscal year 2026.
- The company completed the acquisition of 52% of Sedum in June, contributing to year-over-year volume growth and expanding its global EV market reach.
- Automotive shipments increased by nearly 13% year-over-year, driven by new programs and market share gains, while ag volumes decreased by nearly 50% and heavy truck shipments were down 7%.
- Worthington Steel anticipates estimated pre-tax inventory holding losses of $5 million to $10 million in Q2 fiscal year 2026, contrasting with gains in Q1 2026.
- Cash flow from operations was a $5 million outflow, and free cash flow was a $34 million outflow in Q1 2026, primarily due to increases in working capital.
Sep 25, 2025, 12:30 PM
Worthington Steel Reports TTM Financials and Strategic Growth Initiatives
WS
Earnings
New Projects/Investments
M&A
- For the trailing twelve months (TTM) ended August 31, 2025, Worthington Steel reported Net Sales of $3.1 billion, Adjusted EBITDA of $235 million with a 7.5% margin, and Free Cash Flow of $32.4 million.
- The company is undertaking strategic capital investments, including $85 million for expanding xEV production capacity in Mexico and $85 million for increasing transformer core making capacity in Canada, with both projects targeting start of production in early CY 2026.
- Worthington Steel acquired a 52% ownership in Sitem, a European leader in electrical steel laminations, which is expected to accelerate its entry into the European xEV traction motor market.
- The company aims to achieve a 10%+ Adjusted EBITDA margin target.
- As of the trailing twelve months ended August 31, 2025, Worthington Steel maintained a strong balance sheet with Net Debt of $155 million, Total Liquidity of $355 million, and a Net Leverage of 0.66x.
Sep 25, 2025, 12:30 PM
Quarterly earnings call transcripts for Worthington Steel.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more