News & Events

COLUMBUS, Ohio, September 25, 2024 – Worthington Steel, Inc. (NYSE: WS), a market-leading, value-added metals processing company, today reported financial results for the fiscal 2025 first quarter ended August 31, 2024. 

First Quarter Highlights (all comparisons to the first quarter of fiscal 2024):

• Net sales of $834.0 million decreased 8% compared to $905.8 million.
• Operating income of $43.4 million compared to $69.7 million.
• Net earnings attributable to controlling interest of $28.4 million compared to $58.5 million.
• Net earnings per diluted share attributable to controlling interest of $0.56 compared to $1.19; Adjusted net earnings per diluted share attributable to controlling interest of $0.56 compared to $1.26.
• Adjusted EBIT of $39.4 million compared to $80.5 million.
• Declared a quarterly dividend of $0.16 per share payable on December 27, 2024, to shareholders of record on December 13, 2024.

“The first quarter of fiscal year 2025 was solid for Worthington Steel despite some headwinds,” said Geoff Gilmore, president and CEO of Worthington Steel. “Our teams are focused on serving our customers and managing the dynamics of our industry and the markets we serve. Demand is stable and we continue to deliver unique, custom, value-added solutions for our customers by transforming metals, providing lightweighting solutions and supporting electrification.”

Full results are available on our investor website here.