Worthington Steel, Inc.
For the period ended May 31, 2025. Filed Jul 29, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Jul 29, 2025
WS$38.92+6.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Financial Statements and Supplementary Data
Item 8. – Financial Statem ents and Supplementary Data
INDEX TO CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS
| ITEM | PAGE |
|---|---|
| Report of Independent Registered Public Accounting Firm | 42 |
| Consolidated Balance Sheets | 44 |
| Consolidated and Combined Statements of Earnings | 46 |
| Consolidated and Combined Statements of Comprehensive Income | 47 |
| Consolidated and Combined Statements of Shareholders’ Equity | 48 |
| Consolidated and Combined Statements of Cash Flows | 49 |
| Notes to Consolidated and Combined Financial Statements | 50 |
| Note 1 – Description of Business, The Separation, Agreements with the Former Parent and Separation Costs, and Basis of Presentation | 50 |
| Note 2 – Revenue Recognition | 59 |
| Note 3 – Investment in Unconsolidated Affiliate | 59 |
| Note 4 – Goodwill and Other Assets | 60 |
| Note 5 – Restructuring and Other (Income) Expense, Net | 62 |
| Note 6 – Contingent Liabilities and Commitments | 63 |
| Note 7 – Guarantees | 63 |
| Note 8 – Debt | 63 |
| Note 9 – Comprehensive Income (Loss) | 66 |
| Note 10 – Equity | 67 |
| Note 11 – Stock-Based Compensation | 68 |
| Note 12 – Employee Retirement Plans | 70 |
| Note 13 – Income Taxes | 75 |
| Note 14 – Earnings Per Common Share | 78 |
| Note 15 – Acquisitions | 78 |
| Note 16 – Derivative Financial Instruments and Hedging Activities | 79 |
| Note 17 – Fair Value Measurements | 82 |
| Note 18 – Leases | 84 |
| Note 19 – Related Party Transactions | 85 |
| Note 20 – Segment Information and Geographic Data | 86 |
| Note 21 – Subsequent Events | 88 |
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