News & Events

COLUMBUS, Ohio, September 24, 2025 – Worthington Steel, Inc. (NYSE: WS), a market-leading, value-added metals processing company, today reported financial results for the fiscal 2026 first quarter ended August 31, 2025.

First Quarter Highlights (all comparisons to the first quarter of fiscal 2025):

• Net sales of $872.9 million increased 5% compared to $834.0 million.
• Operating income of $48.3 million compared to $43.4 million.
• Net earnings attributable to Worthington Steel of $36.8 million compared to $28.4 million.
• Net earnings per diluted share attributable to Worthington Steel shareholders of $0.72 compared to $0.56; adjusted net earnings per diluted share attributable to Worthington Steel shareholders of $0.77 compared to $0.56.
• Adjusted EBIT of $54.9 million compared to $39.4 million.
• Declared a quarterly dividend of $0.16 per share payable on December 26, 2025, to shareholders of record at the close of business on December 12, 2025.
• On June 3, 2025, the Company, through its wholly owned subsidiary Tempel Steel Company, LLC (“Tempel”), completed its acquisition of 52% of the issued and outstanding capital stock of S.I.T.E.M. S.p.A., a joint stock company incorporated under the laws of Italy (“Sitem” and, together with its subsidiaries, Stanzwerk AG, Decoup S.A.S. and Sitem Slovakia spol. s r.o., the “Sitem Group”).

“Worthington Steel is off to a strong start in fiscal 2026 driven by disciplined execution in a soft market, resulting in year-over-year volume growth,” said Geoff Gilmore, president and chief executive officer. “This quarter reflects the strength of our base business, our team’s ability to adapt in a dynamic market and the benefits of our transformation mindset. We are especially pleased to welcome the Sitem team into the Worthington Steel family this quarter. Together, we are building on 70 years of industrial heritage while positioning ourselves for long-term growth.”

Full results are available on our investor site here.