Worthington Steel, Inc. (WS) Form 8-K — Oct 7, 2026
Worthington Steel reported fiscal Q1 2027 net sales of $2,726.6 million, up 212% year over year, driven by the first consolidation of Kloeckner & Co, which contributed $1,772.7 million of sales. Despite higher adjusted EBIT of $78.5 million versus $55.5 million, the company posted a GAAP net loss from continuing operations of $7.0 million (diluted EPS of -$0.14 versus $0.73), with adjusted diluted EPS of $0.57 versus $0.77, hurt by $22.6 million of Kloeckner acquisition-related expenses and a $15.5 million remeasurement loss.
Key figures
- Total Debt
- 2196400000
- Revenue Yoy
- 212%
- Cash Position
- 248200000
- Shares Outstanding
- 50071412
- Net debt
- $1,948.2M
- Volume tons
- 1943340
- Adjusted eps
- $0.57 vs $0.77 prior year
- Adjusted EBIT
- $78.5M vs $55.5M
- Free cash flow
- -$69.0M
- Adjusted EBITDA
- $111.0M vs $78.8M
- Operating income
- $56.0M vs $48.3M
- Dividend per share
- $0.16
- Targeted synergies
- $150M EBITDA plus ~$150M working capital
- Kloeckner ownership
- 62.11%
- Target net leverage
- below 2.5x within 24 months of DPLTA effectiveness
- Kloeckner sales contribution
- $1,772.7M
AI analysis
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