Company research
Worthington Steel, Inc.
CIK 1968487Updated Sep 24, 2026
SecurityWS · NYSE · equity
WS price & chart
Loading TradingView…
NYSE:WS on TradingView ↗About the company
Worthington Steel (NYSE:WS) is a metals processor that partners with customers to deliver highly technical and customized solutions. Worthington Steel’s expertise in carbon flat-roll steel processing, electrical steel laminations and tailor welded solutions is driving steel toward a more sustainable future. As one of the most trusted metals processors in North America, Worthington Steel and its approximately 6,000 employees harness the power of steel to advance our customers’ visions through value-added processing capabilities including galvanizing, pickling, configured blanking, specialty cold reduction, lightweighting and electrical lamination. Headquartered in Columbus, Ohio, Worthington Steel operates 37 facilities in seven states and 10 countries. Following a people-first Philosophy, commitment to sustainability and proven business system, Worthington Steel’s purpose is to generate positive returns by providing trusted and innovative solutions for customers, creating opportunities for employees and strengthening its communities.
In the news
Recent filings
Entry into a Material Definitive Agreement · Regulation FD Disclosure
Items 1.01, 7.01, 9.01
Completion of Acquisition or Disposition of Assets
Items 2.01, 9.01
ARS filing
DEFA14A filing
DEF 14A filing
Show 5 more recent filings
10-K filing
Regulation FD Disclosure
Items 7.01, 9.01
8-K/A filing
4 filing
4 filing
Financials
FY 2026 · USDSource
Source
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 2,252,400,000Source | 1,961,800,000Source | 1,866,400,000Source |
| Property, Plant and Equipment, NetUSD | 649,300,000Source | 548,200,000Source | 474,800,000Source |
| GoodwillUSD | 44,500,000Source | 79,600,000Source | 79,600,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 77,300,000Source | 67,900,000Source | 77,000,000Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 84,600,000Source | 38,000,000Source | 40,200,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 496,200,000Source | 438,700,000Source | 472,600,000Source |
| Inventory, NetUSD | 415,700,000Source | 422,000,000Source | 405,300,000Source |
| Assets, CurrentUSD | 1,129,900,000Source | 1,048,500,000Source | 1,001,800,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 110,000,000Source | 83,300,000Source | 76,600,000Source |
| Operating Lease, Right-of-Use AssetUSD | 77,800,000Source | 72,600,000Source | 72,900,000Source |
| Other Assets, NoncurrentUSD | 7,800,000Source | 7,000,000Source | 16,800,000Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 989,500,000Source | 763,900,000Source | 748,900,000Source |
| Stockholders’ equity: | |||
| Additional Paid in CapitalUSD | 919,400,000Source | 913,900,000Source | — |
| Retained Earnings (Accumulated Deficit)USD | 140,000,000Source | 164,200,000Source | 86,100,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 3,900,000Source | -4,000,000Source | -6,100,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,063,300,000Source | 1,074,100,000Source | 985,300,000Source |
| Additional Paid in Capital, Common StockUSD | — | — | 905,300,000Source |
| Liabilities and EquityUSD | 2,252,400,000Source | 1,961,800,000Source | 1,866,400,000Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 775,800,000Source | 631,500,000Source | 618,400,000Source |
| Operating Lease, Liability, CurrentUSD | 10,400,000Source | 7,700,000Source | 7,600,000Source |
| Accounts Payable, CurrentUSD | 424,000,000Source | 402,500,000Source | 380,400,000Source |
| Operating Lease, Liability, NoncurrentUSD | 78,700,000Source | 68,700,000Source | 68,300,000Source |
| Deferred Income Tax Liabilities, NetUSD | 33,600,000Source | 28,600,000Source | 27,900,000Source |
| Other Liabilities, NoncurrentUSD | 51,500,000Source | 32,800,000Source | 34,300,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 134,300,000Source | 123,800,000Source | 132,200,000Source |
| Additional Financial Items | |||
| Deferred Tax Liabilities, NetUSD | 20,900,000Source | 17,200,000Source | 19,400,000Source |
| Dividends Payable, CurrentUSD | 9,200,000Source | 9,300,000Source | 8,700,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | 0Source |
| Long-term Debt, Current MaturitiesUSD | 27,000,000Source | — | 0Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 44,400,000Source | 2,300,000Source | 0Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 65,300,000Source | — | — |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -12,900,000Source | 119,300,000Source | 170,100,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | — | — | — |
| Changes in operating assets and liabilities: | |||
| Increase (Decrease) in InventoriesUSD | -47,200,000Source | 16,700,000Source | -16,400,000Source |
| Increase (Decrease) in Accounts PayableUSD | -17,400,000Source | 15,800,000Source | -26,700,000Source |
| Deferred Income Tax Expense (Benefit)USD | -10,400,000Source | -3,100,000Source | 1,100,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 201,200,000Source | 230,300,000Source | 199,500,000Source |
| Cash flows from investing activities: | |||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 2,900,000Source | 0Source | 21,000,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -213,400,000Source | -129,100,000Source | -123,200,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -300,000Source | — | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 121,200,000Source | 130,400,000Source | 103,400,000Source |
| Cash flows from financing activities: | |||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 3,000,000Source | -48,500,000Source | -68,800,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 32,600,000Source | 31,900,000Source | 7,900,000Source |
| Repayments of Long-term DebtUSD | 22,400,000Source | 0Source | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -8,300,000Source | 52,700,000Source | 7,500,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 84,600,000Source | 92,900,000Source | 40,200,000Source |
| Supplemental disclosure of cash flow information: | |||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 11,600,000Source | 7,700,000Source | 4,500,000Source |
| Income Taxes Paid, NetUSD | — | 26,200,000Source | 37,600,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 900,000Source | — | — |
| Additional Financial Items | |||
| Share-based Payment Arrangement, ExpenseUSD | 13,900,000Source | 11,000,000Source | 10,300,000Source |
| Amortization of Intangible AssetsUSD | 8,200,000Source | 6,000,000Source | 6,300,000Source |
| DepreciationUSD | 73,100,000Source | 59,400,000Source | 58,500,000Source |
| Dividends Payable, CurrentUSD | 9,200,000Source | 9,300,000Source | 8,700,000Source |
| Equity Securities, FV-NI, Gain (Loss)USD | 15,700,000Source | — | — |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 0Source | — | — |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | 15,700,000Source | — | — |
| Gain (Loss) on Disposition of AssetsUSD | 4,700,000Source | 700,000Source | -1,000,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 7,000,000Source | — | — |
| GoodwillUSD | 44,500,000Source | 79,600,000Source | 79,600,000Source |
| Goodwill, Impairment LossUSD | 53,800,000Source | 0Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | 20,300,000Source | 4,400,000Source | 22,400,000Source |
| Income (Loss) from Equity Method Investments, Net of Dividends or DistributionsUSD | -3,200,000Source | -8,400,000Source | 20,400,000Source |
| Income Tax Expense (Benefit)USD | 20,000,000Source | 28,800,000Source | 46,100,000Source |
| InterestExpenseNonoperatingUSD | 28,400,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 8,500,000Source | 110,700,000Source | 154,700,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -21,400,000Source | 8,600,000Source | 15,400,000Source |
| Other Nonoperating Income (Expense)USD | 16,600,000Source | 3,800,000Source | 5,300,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 38,100,000Source | 2,300,000Source | — |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Total RevenueUSD | 3,443,800,000Source | 3,093,300,000Source | 3,430,600,000Source |
| Cost of Goods and Services Sold | — | — | — |
| Selling, General and Administrative ExpenseUSD | 297,400,000Source | 231,600,000Source | 224,400,000Source |
| Operating Income (Loss)USD | -1,400,000Source | 147,000,000Source | 194,500,000Source |
| Other Nonoperating Income (Expense)USD | 16,600,000Source | 3,800,000Source | 5,300,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 7,100,000Source | 148,100,000Source | 216,200,000Source |
| Income Tax Expense (Benefit)USD | 20,000,000Source | 28,800,000Source | 46,100,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -21,400,000Source | 8,600,000Source | 15,400,000Source |
| Net Income (Loss) Attributable to ParentUSD | 8,500,000Source | 110,700,000Source | 154,700,000Source |
| Earnings Per Share, BasicUSD per share | 0.17Source | 2.24Source | 3.14Source |
| Earnings Per Share, DilutedUSD per share | 0.17Source | 2.19Source | 3.11Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 49,800,000Source | 49,500,000Source | 49,300,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 50,800,000Source | 50,500,000Source | 49,800,000Source |
| Interest Expense (non-operating)USD | 28,400,000Source | — | — |
| Additional Financial Items | |||
| Amortization of Intangible AssetsUSD | 8,200,000Source | 6,000,000Source | 6,300,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.64Source | 0.64Source | 0.32Source |
| Current Income Tax Expense (Benefit)USD | 30,400,000Source | 31,900,000Source | 45,000,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 84,200,000Source | 66,000,000Source | 65,300,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 0Source | — | — |
| Goodwill, Impairment LossUSD | 53,800,000Source | 0Source | — |
| Gross ProfitUSD | 403,300,000Source | 388,600,000Source | 439,800,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 47,300,000Source | 114,600,000Source | 166,300,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 20,300,000Source | 4,400,000Source | 22,400,000Source |
| Interest ExpenseUSD | — | 7,100,000Source | 6,000,000Source |
| Interest Income (Expense), NetUSD | 400,000Source | — | — |
Filing attachments
d104833dex991.htm · 8-K · 2026-09-08
EX-99.1 3 d104833dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Worthington Steel Signs Domination and Profit and Loss Transfer Agreement with Kloeckner & Co SE Kloeckner shareholder vote expected to take place on October 23, 2026 COLUMBUS, OHIO (September 8, 2026) - Worthington Steel, Inc., (NYSE: WS) announced today that it has signed a domination and profit and loss transfer agreement (“DPLTA”) pursuant to Sections 291 et seq. of the German Stock Corporation Act (AktG) with Kloeckner & Co SE…
Read attachment ↗d417231dex991.htm · 8-K/A · 2026-08-19
EX-99.1 2 d417231dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Report Klöckner & Co SE Düsseldorf, Germany Audit of the financial statements as of December 31, 2025 and 2024 Engagement: DEE00195444.1.1 Report of Independent Auditors To the Management Board and Supervisory Board of Klöckner & Co SE, Düsseldorf Opinion We have audited the accompanying consolidated financial statements of Klöckner & Co SE, Düsseldorf and its subsidiaries (the “Company”), which comprise the consolidated stat…
Read attachment ↗d417231dex992.htm · 8-K/A · 2026-08-19
EX-99.2 3 d417231dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION Introduction On January 15, 2026, Worthington Steel, Inc. (“Worthington Steel”), Worthington Steel GmbH (“BidCo”) and Klöckner & Co SE (“Klöckner”) entered into a Business Combination Agreement (“BCA”) governing the key terms and conditions based on which BidCo launched a voluntary public cash takeover offer to all shareholders of Klöckner to tender each issued and outsta…
Read attachment ↗ws-ex99_1.htm · 8-K · 2026-07-15
EX-99.1 2 ws-ex99_1.htm EX-99.1 EX-99.1 EXHIBIT 99.1 Worthington Steel Announces Start of Acceptance Period for Public Delisting Tender Offer for Kloeckner & Co SE COLUMBUS, OHIO (July 15, 2026) - Worthington Steel, Inc. (NYSE: WS) today announced the opening of the acceptance period for the Public Delisting Tender Offer (“Delisting Offer”) for all outstanding shares of Kloeckner & Co SE (“Kloeckner”) not already held by Worthington Steel, following approval of the offer document for th…
Read attachment ↗ws-ex99_1.htm · 8-K · 2026-06-25
EX-99.1 2 ws-ex99_1.htm EX-99.1 EX-99.1 EXHIBIT 99.1 Worthington Steel Reports Fourth Quarter Fiscal 2026 Results COLUMBUS, Ohio, June 24, 2026 - Worthington Steel, Inc. (NYSE: WS), a market-leading, value-added metals processing company, today reported financial results for the fiscal 2026 fourth quarter ended May 31, 2026. Fourth Quarter Highlights (all comparisons to the fourth quarter of fiscal 2025): • Net sales of $929.2 million increased 12% compared to $832.9 million. • Opera…
Read attachment ↗ws-ex99_2.htm · 8-K · 2026-06-25
EX-99.2 3 ws-ex99_2.htm EX-99.2 Worthington Steel Investor Presentation | June 2026 Exhibit 99.2 Safe Harbor Statement Selected statements contained in this release constitute “forward-looking statements,” as that term is used in the Private Securities Litigation Reform Act of 1995 (the “Act”). The Company wishes to take advantage of the safe harbor provisions included in the Act. Forward-looking statements reflect the Company’s current expectations, estimates or projections concerning futu…
Read attachment ↗