Worthington Steel publishes transcript of Q4 fiscal 2026 earnings call
Worthington Steel, Inc.
Worthington Steel, Inc. WS | 0.00 |
- Worthington Steel’s Q4 FY2026 earnings call drew CEO Geoffrey G. Gilmore, CFO Timothy A. Adams, IR head Melissa H. Dykstra, KeyBanc’s Samuel J. McKinney, Seaport’s Martin John Englert.
- Closed the Kloeckner takeover on June 3, taking about 62% ownership; plans a DPLTA structure, pursuing delisting to simplify integration.
- Reported net loss USD 48.7 million; included USD 94.5 million non-cash electrical steel impairment, USD 15.5 million acquisition costs, USD 16.2 million bridge-cost write-off.
- Adjusted results: net sales up 12% to USD 929.2 million; adjusted EBITDA USD 75.2 million; adjusted EPS USD 0.74; adjusted EBIT USD 54 million.
- Reaffirmed USD 150 million EBITDA synergies from Kloeckner, split 50-50 across years 1-2; cited USD 150 million working-capital opportunity, debt-halving target.
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