News & Events

COLUMBUS, Ohio, December 21, 2023 – Worthington Steel, Inc. (NYSE: WS) today reported financial results for the fiscal 2024 second quarter ended November 30, 2023.  The Company operated as part of Worthington Enterprises, Inc. (formerly Worthington Industries, Inc.) for the entire fiscal 2024 second quarter, and historical financial measures presented in this release were derived from Worthington Enterprises, Inc.'s accounting records and are presented on a carve-out basis. 

The Company reported net sales of $808.0 million and net loss attributable to controlling interest of $6.0 million, or $0.12 per diluted share, for its fiscal 2024 second quarter ended November 30, 2023. For the second quarter of fiscal 2023, the Company recorded net sales of $868.4 million and net loss attributable to controlling interest of $15.8 million, or $0.32* per diluted share. Results in both the current year quarter and prior year quarter were impacted by certain items, as summarized in the table below. 

*Subsequent to the issuance of the initial financial news release, this item has been revised. Previously, it was denoted as a net loss attributable to controlling interest of $0.31 per diluted share.

Full results are available on our Investor website here.