Worthington Steel
Processes flat-rolled steel and makes electrical laminations and tailor-welded blanks.
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Profile
Processes flat-rolled metals into customer-specified products, including carbon steel, electrical laminations and tailor-welded blanks, through direct sales and tolling. A controlling stake in Kloeckner adds a North American and European metals-distribution and service-center network.
Processes flat-rolled steel into customer-specified gauges, dimensions, shapes and surface qualities, earning revenue through direct metal sales and toll processing. Core operations span carbon flat-rolled steel processing, electrical steel laminations for motors and transformers, and tailor-welded steel and aluminum blanks for automotive customers. Pickling, slitting, blanking, galvanizing and specialty cold reduction support those specifications across a primarily North American legacy footprint with additional operations in Europe and Asia.
Extends that platform through a controlling stake in Kloeckner, whose service-center network distributes and processes carbon steel, electrical steel, aluminum, stainless steel and long products across North America and Europe. Legacy operations are reported as one segment; automotive production drives most of their sales, while results depend on steel supply and pricing, shifting trade rules, and integrating Kloeckner's separately managed network.
Company facts
Categories
Key statistics
Year to date −3.1% · Average volume (30d) 218.8K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 24, 2026Q4 FY26 | $0.73 | $0.74 | +1.4% | $992.0M | $929.2M | −6.3% | −7.04% |
| Mar 25, 2026Q3 FY26 | $0.47 | $0.27 | −42.6% | $882.9M | $769.8M | −12.8% | −14.91% |
| Dec 17, 2025Q2 FY26 | $0.39 | $0.38 | −2.6% | $801.8M | $871.9M | +8.7% | +0.28% |
| Sep 24, 2025Q1 FY26 | $0.74 | $0.77 | +4.1% | $785.3M | $872.9M | +11.2% | −14.25% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $687.4M | $832.9M | $872.9M | $871.9M | $769.8M | $929.2M | |
| Gross profit | $81.2M | $127.0M | $115.2M | $93.2M | $76.1M | $118.1M | |
| Operating income | $18.3M | $66.4M | $48.3M | $22.3M | −$1.4M | $36.9M | |
| Net income | $13.8M | $55.7M | $36.3M | $18.8M | $10.4M | −$48.7M | |
| Diluted EPS | $0.27 | $1.10 | $0.73 | $0.38 | $0.22 | −$0.98 | |
| Gross margin | 11.8% | 15.2% | 13.2% | 10.7% | 9.9% | 12.7% | |
| Operating margin | 2.7% | 8.0% | 5.5% | 2.6% | -0.2% | 4.0% |
Fiscal years (4-quarter sums)FY23 $3.61B · FY24 $3.43B · FY25 $3.09B · FY26 $3.44B
Revenue by product · Q4 FY26
Revenue by geography · FY26
Balance sheet, May 31, 2026Cash & short-term investments $84.6M · Total debt $354.4M · Total assets $2.27B · Shareholders' equity $1.07B
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 12, 2026 | Jun 12 | Jun 26 | $0.16 | |
| Mar 13, 2026 | Mar 13 | Mar 27 | $0.16 | |
| Dec 12, 2025 | Dec 12 | Dec 26 | $0.16 | |
| Sep 12, 2025 | Sep 12 | Sep 26 | $0.16 | |
| Jun 13, 2025 | Jun 13 | Jun 27 | $0.16 | |
| Mar 14, 2025 | Mar 14 | Mar 28 | $0.16 | |
| Dec 13, 2024 | Dec 13 | Dec 27 | $0.16 | |
| Sep 13, 2024 | Sep 13 | Sep 27 | $0.16 |
Ownership
Shares outstanding 50.95M · Float 32.46M · 63.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.11M | 10.02% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 2.57M | 5.10% | 13G | Jul 14, 2026 |
| Vanguard Portfolio Management LLC | 2.28M | 4.48% | 13F | Aug 13, 2026 |
| State Street Corp | 2.08M | 4.08% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 1.65M | 3.24% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 22, 2026 | Clifford Larivey | officer: President Flat Rolled Stl Proc | −11,105 | $40.09 |
| Jan 30, 2026 | Jon J. Bowsher | director | +2,500 | $40.15 |
| Jan 27, 2026 | Scott J. Kelly | director | +7,000 | $39.11 |
Peers
- Reliance
Largest metals service-center peer across processed carbon and specialty metals
- Ryerson
Second-largest North American metals service center after Olympic merger
- Cleveland-Cliffs
Integrated flat-roll and electrical-steel peer in automotive markets
- Steel Dynamics
EAF flat-roll and coated-sheet peer with downstream processing reach
- Nucor
Broad EAF steelmaker overlapping in sheet, plate, processing, and recycling
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Worthington Steel | $34.06 | 0.00% | $1.74B | 97.3 | 9.3 | 0.5 | +11.6% |
| Reliance | $388.00 | +0.13% | $19.79B | 22.5 | 16.1 | 1.3 | +26.5% |
| Ryerson | $25.32 | 0.00% | $1.00B | — | 13.0 | 0.2 | — |
| Cleveland-Cliffs | $11.61 | −0.04% | $6.63B | — | 18.2 | 0.3 | +5.9% |
| Steel Dynamics | $234.67 | +0.04% | $33.63B | 21.3 | 11.6 | 1.6 | +33.4% |
| Nucor | $250.50 | −0.02% | $57.05B | 20.0 | 12.2 | 1.6 | +23.0% |
| Median | 21.3 | 13.0 | 1.3 | +24.7% |