Worthington Steel Reports First Quarter Fiscal 2027 Results
Business Wire•06/10/2026•16:05 ET
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Key Highlights
- ➤Net sales $2,726.6 million, up 212%, including $1,772.7 million from Kloeckner
- ➤Adjusted EPS $0.57 versus $0.77; reported diluted loss per share was $0.14
- ➤Net debt reached $1,948.2 million after Kloeckner acquisition financing
- ➤Kloeckner ownership increased to approximately 62.11% after delisting tender offer
- ➤DPLTA with Kloeckner remains subject to shareholder approvals and commercial-register registration
- ➤Quarterly dividend declared at $0.16 per share, payable December 28, 2026
Expert Statements
Geoff Gilmore, President and CEO of Worthington Steel
“This quarter marks an important milestone for Worthington Steel as we report our first results including Kloeckner”
Geoff Gilmore, President and CEO of Worthington Steel
“The addition of Kloeckner significantly expands our capabilities and positions us as a more diversified metals processing and manufacturing company.”
Geoff Gilmore, President and CEO of Worthington Steel
“At the same time, our core Worthington Steel business delivered solid operating performance, driven by higher direct volumes and improved pricing.”
Geoff Gilmore, President and CEO of Worthington Steel
“As we move forward, our priorities remain clear: serving our customers, improving our operations and creating long-term value for our shareholders.”
Includes financial results from Kloeckner & Co following majority acquisition
Worthington Steel, Inc. (NYSE: WS), a market-leading, value-added metals processing company, today reported financial results for the fiscal 2027 first quarter ended August 31, 2026. Except as otherwise noted, reported results reflect the impact of the Company’s acquisition of a majority interest in Klöckner & Co SE (“Kloeckner”).
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