News & Events

COLUMBUS, Ohio, June 25, 2025 – Worthington Steel, Inc. (NYSE: WS), a market-leading, value-added metals processing company, today reported financial results for the fiscal 2025 fourth quarter and full year ended May 31, 2025.

Fourth Quarter Highlights (all comparisons to the fourth quarter of fiscal 2024):

• Net sales of $832.9 million decreased 9% compared to $911.0 million.
• Operating income of $66.4 million compared to $67.3 million.
• Net earnings attributable to controlling interest of $55.7 million compared to $53.2 million.
• Net earnings per diluted share attributable to controlling interest of $1.10 compared to $1.06; adjusted net earnings per diluted share attributable to controlling interest of $1.05 compared to $1.06.
• Adjusted EBIT of $70.1 million compared to $70.4 million.
• Finalized the definitive agreement to acquire a controlling equity stake in Italy-based Sitem S.p.A. (together with its subsidiaries, Stanzwerk AG, Decoup S.A.S. and Sitem Slovakia spol. s r.o., “Sitem Group”). The transaction closed on June 3, 2025, subsequent to the end of fiscal 2025.
• Named No. 1 Top Workplace in Columbus in the large organization category by Columbus CEO magazine. This marks the 13th consecutive year Worthington Steel has been named to the list—and its first as a standalone public company.
• Earned 2024 Supplier of the Year by General Motors for the fourth time in five years.
• Recognized as a John Deere Partner-level Supplier for the 13th consecutive year.
• Declared a quarterly dividend of $0.16 per share payable on September 26, 2025, to shareholders of record at the close of business on September 12, 2025.
  

“Despite a mixed economic environment, our team executed well in the fourth quarter, advancing key growth initiatives while maintaining our focus on safety and partner relationships,” said Geoff Gilmore, president and CEO of Worthington Steel. “We made meaningful progress on our long-term strategy — including closing on the Sitem acquisition earlier this month, making headway on our electrical steel investments, gaining market share in key sectors and earning accolades from our customers.”

Full results are available on our investor website here.