Worthington Steel 4Q FY26 swings to net loss of $48.7 million; net sales rise 12% to $929.2 million

Worthington Steel, Inc.

Worthington Steel, Inc.

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  • Worthington Steel posts 4Q fiscal 2026 net loss attributable to controlling interest of $48.7 million, swinging from profit; loss per diluted share was $0.98.
  • Net sales rose 12% to $929.2 million versus the prior-year quarter, while operating results swung to a $57.6 million loss.
  • Adjusted EBIT fell to $54 million from $70.1 million in the prior-year quarter.
  • Results reflected $94.5 million of non-cash impairments in the Electrical Steel unit, while SG&A climbed on $15.5 million of Kloeckner deal fees.
  • Worthington Steel completed settlement of its €11 per share takeover offer for Klöckner on June 3, securing about 62% of shares; Geoff Gilmore cited progress on strategy.


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