For Q3 FY2026 (ended February 28, 2026), Worthington Steel reported revenue of $769.8 million, up 12.0% year-over-year. Net income was $10.4 million, down 24.6%, and operating income fell 83.1% to $3.1 million. Diluted EPS was $0.20, a decline of 25.9%.
•Revenue increased 12.0% YoY to $769.8 million.
•Net income decreased 24.6% YoY to $10.4 million.
•Operating income dropped 83.1% YoY to $3.1 million.
•Diluted EPS fell 25.9% YoY to $0.20.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Worthington Steel is a steel processor in North America. The company offers carbon flat-rolled steel and tailor welded blanks, as well as automotive and electrical steel lamination stampings; and aluminum tailor welded blanks
Warehousing, logistics, and materials management services. The company serves automotive, construction, machinery and equipment, heavy truck, agriculture, and energy sectors. Incorporated in 2023, the company is headquartered in Columbus, Ohio.
Worthington Steel is a steel processor operating in North America. The company processes carbon flat-rolled steel and tailor welded blanks, and also produces automotive and electrical steel lamination stampings. Additionally, it offers aluminum tailor welded blanks. Beyond processing, Worthington Steel provides warehousing, logistics, and materials management services. Its products and services are used across several industries, including automotive, construction, machinery and equipment, heavy truck, agriculture, and energy. The company serves as a critical link in the steel supply chain, transforming raw steel into value-added components for manufacturers.
Where is Worthington Steel (WS) listed and in what currency?
Worthington Steel is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol WS. The company's financials are reported in US Dollars (USD), reflecting its operations based in the United States. As a NYSE-listed company, it is subject to the reporting and regulatory requirements of the US Securities and Exchange Commission (SEC). Investors can trade WS shares during regular US market hours, and the stock is accessible to both domestic and international investors through brokerage accounts that support NYSE listings.
What sector and industry does Worthington Steel (WS) belong to?
Worthington Steel operates in the Basic Materials sector, specifically within the Steel industry. This classification indicates that the company is involved in the processing and distribution of raw materials, particularly steel products. As a steel processor, it adds value to basic steel inputs by cutting, shaping, and assembling them into forms ready for use in manufacturing. The Steel industry is cyclical and closely tied to economic activity, with demand driven by sectors such as automotive, construction, and heavy equipment. Worthington Steel's role as a processor differentiates it from primary steel producers, focusing on customization and supply chain services.
Where is Worthington Steel (WS) headquartered and what markets does it serve?
Worthington Steel is headquartered in Columbus, Ohio, United States. The company was incorporated in 2023, making it a relatively new corporate entity, though it builds on the legacy of its predecessor operations. Its primary market is North America, where it serves a diverse range of industries including automotive, construction, machinery and equipment, heavy truck, agriculture, and energy. By being based in Ohio, a key industrial state, the company is strategically located near major manufacturing hubs and transportation networks, enabling efficient logistics and materials management for its customers across the continent.
How does Worthington Steel (WS) generate revenue?
Worthington Steel generates revenue through the processing and distribution of steel and aluminum products. Its core offerings include carbon flat-rolled steel, tailor welded blanks (both steel and aluminum), and lamination stampings for automotive and electrical applications. The company also earns income from warehousing, logistics, and materials management services, which help customers optimize their supply chains. By processing raw steel into customized forms—such as blanks and stampings—Worthington Steel adds significant value before products reach end-users in sectors like automotive and construction. This business model relies on long-term relationships with manufacturers and efficient operations to maintain margins.