Worthington Steel Inc
For the period ended May 31, 2024. Filed Aug 2, 2024.
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FY2024 · Filed Aug 2, 2024
WS$39.37+1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated and Combined Statements of Earnings
(In millions, except per common share amounts)
| Fiscal Years Ended May 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net sales | $3,430.6 | $3,607.7 | $4,068.9 |
| Cost of goods sold | 2,990.8 | 3,271.2 | 3,673.4 |
| Gross margin | 439.8 | 336.5 | 395.5 |
| Selling, general and administrative expense | 224.4 | 200.8 | 180.3 |
| Impairment of long-lived assets | 1.4 | 2.1 | 3.1 |
| Restructuring and other income, net | - | (4.2) | (14.5) |
| Separation costs | 19.5 | 17.5 | - |
| Operating income | 194.5 | 120.3 | 226.6 |
| Other income (expense): | |||
| Miscellaneous income, net | 5.3 | 3.7 | 0.9 |
| Interest expense, net | (6.0) | (3.0) | (3.0) |
| Equity in net income of unconsolidated affiliate | 22.4 | 7.7 | 29.8 |
| Earnings before income taxes | 216.2 | 128.7 | 254.3 |
| Income tax expense | 46.1 | 29.0 | 54.0 |
| Net earnings | 170.1 | 99.7 | 200.3 |
| Net earnings attributable to noncontrolling interests | 15.4 | 12.6 | 19.9 |
| Net earnings attributable to controlling interest | $154.7 | $87.1 | $180.4 |
| Basic | |||
| Weighted average common shares outstanding | 49.3 | 49.3 | 49.3 |
| Earnings per common share attributable to controlling interest | $3.14 | $1.77 | $3.66 |
| Diluted | |||
| Weighted average common shares outstanding | 49.8 | 49.3 | 49.3 |
| Earnings per common share attributable to controlling interest | $3.11 | $1.77 | $3.66 |
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