Worthington Steel, INC 8-K filings

Worthington Steel has commenced a public delisting tender offer for remaining shares of Kloeckner & Co SE, offering EUR 11.00 per share.

Worthington Steel has amended its fourth quarter fiscal 2026 financial results, reporting an operating loss and net loss due to significant impairment charges and acquisition-related expenses.

Worthington Steel reported a fourth-quarter net loss of $48.7 million, driven by significant impairment charges and acquisition-related costs, while completing its major Kloeckner takeover.

Worthington Steel has finalized its acquisition of Kloeckner & Co SE, securing approximately 62% of shares and planning a subsequent delisting tender offer.

Worthington Steel has priced a $700 million senior secured notes offering to fund its acquisition of Klöckner & Co SE, with the deal expected to close on June 3, 2026.

Worthington Steel announced the final regulatory approval for its acquisition of Klöckner & Co SE, with closing expected on June 3, 2026.

Worthington Steel announced a $900 million senior secured notes offering to fund its acquisition of Klckner & Co SE, with financial statements of Klckner and pro forma combined financials included.

Worthington Steel announced it has secured approximately 58.8% of Kloeckner & Co SE's shares, exceeding the 57.5% minimum acceptance threshold for its voluntary public cash takeover offer.

Worthington Steel reported a decline in third-quarter net earnings and operating income, primarily due to significant expenses related to its proposed acquisition of Kloeckner & Co SE, despite a 12% increase in net sales.

Worthington Steel, Inc. announced a definitive agreement to acquire German-listed Kloeckner & Co SE for €11 per share, creating the second-largest steel service center in North America.

Worthington Steel reported an 18% increase in net sales and a significant rise in net earnings for its fiscal second quarter 2026, while declaring a quarterly dividend of $0.16 per share.

Worthington Steel reports a strong start to fiscal 2026 with increased net sales and earnings, driven by disciplined execution and the Sitem Group acquisition, despite a soft market.

Worthington Steel, Inc. reported mixed financial results for the fourth quarter and full fiscal year 2025, marked by a slight decrease in net sales but an increase in net earnings, alongside strategic advancements in electrical steel and a board appointment.

Tempel Canada, a subsidiary of Worthington Steel, has entered into a letter of offer with Business Development Bank of Canada for a CAD $57.5 million loan to fund the construction of a new manufacturing facility in Burlington, Ontario.

Worthington Steel announces a quarterly dividend of $0.16 per share despite reporting lower net sales and operating income in its third quarter fiscal 2025 results.

Worthington Steel reported a decrease in net sales but an increase in operating income for the second quarter of fiscal year 2025, while also announcing a new acquisition and board member.

Worthington Steel's first quarter fiscal 2025 results show a decrease in sales and earnings compared to the previous year, despite stable demand and strategic investments in growth areas.

Worthington Steel released an investor presentation outlining its strategic focus on growth, particularly in the electrical steel market, and highlighting its financial performance.

Worthington Steel reported a 3% increase in net sales for the fourth quarter of fiscal year 2024, alongside the declaration of a $0.16 per share quarterly dividend.

Worthington Steel reported a significant increase in net earnings for the third quarter of fiscal year 2024, driven by improved sales and margins, and announced a quarterly dividend and special performance share awards for key executives.

Worthington Steel's Vice President, General Counsel, and Secretary, Michaune D. Tillman, has resigned, with Joseph Y. Heuer named as interim General Counsel effective January 24, 2024.