Why Worthington Steel Melted Down on Wednesday

Worthington Steel (WS) reported Q1 2027 net sales of $2.7B, adjusted EBITDA of $111M, and adjusted EPS of $0.57. The company is integrating Kloeckner, expanding its market reach and capabilities. Despite challenging market conditions, WS saw a 40% YoY increase in agriculture shipments and stability in automotive production. The company remains focused on operational discipline and long-term value creation.

Worthington Steel (WS) reported Q1 net sales up 9% YoY to $954M, with gains in automotive, agriculture, and truck shipments offset by declines in energy and construction. CEO Geoff Gilmore highlighted tight steel supply and expected inventory holding gains. The company expects $10M-$15M in pretax gains for Q2. WS also declared a $0.16 quarterly dividend and maintained synergy and deleveraging targets post-Kloeckner acquisition.

Worthington Steel reported Q1 fiscal 2027 earnings of $0.57 per share, missing estimates by 16.2%. The company's stock fell 4.3% to $37.45. Worthington is integrating its Kloeckner acquisition, aiming for $150M in annual EBITDA synergies. Management expects to reduce leverage below 2.5x EBITDA within 24 months.

Worthington Steel, Inc. (WS) filed an SEC Form 8-K — Results of Operations and Financial Condition. EXHIBIT 99.1 Worthington Steel Reports First Quarter Fiscal 2027 Results Includes financial results from Kloeckner & Co following majority acquisition COLUMBUS, Ohio, October 6, 2026 – Worthington Steel, Inc. (NYSE: WS), a market-leading, value-added metals processing company, to

Worthington Steel (NYSE: WS) reported Q1 fiscal 2027 earnings of $0.57 per share, missing estimates by $0.11. Revenue rose 212% YoY to $2.73B, driven by the Kloeckner acquisition. Shares fell 1.5% after hours. The company reported a net loss of $7M, impacted by acquisition costs. Total debt was $2.2B, with negative free cash flow of $69M. A dividend of $0.16 per share was declared.

Worthington Steel reported Q1 Non-GAAP EPS of $0.57, missing estimates by $0.59. Revenue rose 211.6% year-over-year to $2.72B. Operating income increased to $56.0M, but net loss was $7.0M, down from $36.8M earnings in the prior year quarter, according to the company.