Worthington Steel, Inc.
For the period ended Feb 28, 2025. Filed Apr 11, 2025.
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Feb 28, 2025 · Filed Apr 11, 2025
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Recent Business Developments
We continued to progress on our definitive agreement to acquire a controlling equity stake in the Sitem Group. The Sitem Group produces electric motor laminations and accessory products for automotive and industrial applications in Europe. We have received regulatory approval and expect to close in early fiscal 2026.
On March 19, 2025, the Board declared a quarterly cash dividend of $0.16 per common share payable on June 27, 2025 to shareholders of record at the close of business on June 13, 2025.
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