Worthington Steel, Inc.

For the period ended May 31, 2026. Filed Jul 30, 2026.

About this filing

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.

FY2026 · Filed Jul 30, 2026

WS$39.37+1.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated and Combined Statements of Earnings

(In millions, except per common share amounts)

	Fiscal Years Ended May 31,
	2026	2025	2024
Net sales	$3,443.8	$3,093.3	$3,430.6
Cost of goods sold	3,040.5	2,704.7	2,990.8
Gross margin	403.3	388.6	439.8
Selling, general and administrative expense	297.4	231.6	224.4
Impairment of goodwill	53.8	-	-
Impairment of long-lived assets and other assets	60.5	7.4	1.4
Restructuring and other (income) expense, net	(7.0)	2.6	-
Separation costs	-	-	19.5
Operating income (loss)	(1.4)	147.0	194.5
Other income (expense):
Miscellaneous income, net	16.6	3.8	5.3
Interest expense, net	(28.4)	(7.1)	(6.0)
Equity in net income of unconsolidated affiliate	20.3	4.4	22.4
Earnings before income taxes	7.1	148.1	216.2
Income tax expense	20.0	28.8	46.1
Net earnings (loss)	(12.9)	119.3	170.1
Net earnings (loss) attributable to noncontrolling interests	(21.4)	8.6	15.4
Net earnings attributable to controlling interest	$8.5	$110.7	$154.7
Basic
Weighted average common shares outstanding	49.8	49.5	49.3
Earnings per share attributable to controlling interest	$0.17	$2.24	$3.14
Diluted
Weighted average common shares outstanding	50.8	50.5	49.8
Earnings per share attributable to controlling interest	$0.17	$2.19	$3.11

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.