Worthington Steel, INC 10-Q quarterly reports

Worthington Steel reports increased net sales and adjusted EBIT for Q3 FY2026, driven by higher direct volumes and prices, while advancing its significant acquisition of Kloeckner.

Worthington Steel, Inc. announced significantly improved financial results for the second quarter and first six months of fiscal 2026, driven by higher direct volumes, favorable inventory changes, and the strategic acquisition of Sitem Group.

Worthington Steel, Inc. reported increased net earnings and sales for the first quarter of fiscal 2026, driven by the Sitem Group acquisition and higher direct volumes, despite a decline in overall tonnage.

Worthington Steel's Q3 fiscal 2025 results were affected by decreased volumes and unfavorable direct spreads, leading to a decline in net sales and profitability compared to the prior year.

Worthington Steel's Q2 fiscal 2025 net sales decreased due to lower volumes and prices, but operating income improved due to favorable direct spreads.

Worthington Steel's first quarter earnings declined due to lower sales volumes and pricing, along with inventory holding losses.

Worthington Steel's Q3 results show significant improvement in profitability due to favorable direct spreads and higher volumes, despite a slight decrease in overall sales compared to the previous year.

Worthington Steel's second quarter results show a net loss, but improved gross margins and adjusted EBIT compared to the previous year, amidst its recent separation from Worthington Enterprises.