Worthington Steel, Inc. reports company news centered on value-added steel processing, quarterly and annual operating results, dividends, conference calls and corporate updates. Its business updates describe carbon flat-rolled steel processing, electrical steel laminations, tailor welded products and related capabilities such as galvanizing, pickling, configured blanking, specialty cold reduction and lightweighting.
Worthington Steel news also includes disclosures about material agreements, capital-structure matters and shareholder-related developments when they affect the company’s public reporting. The recurring news record reflects a NYSE-listed Ohio company with steel-processing operations across the United States and international markets.
Southland Holdings (SLND) reported third-quarter 2026 revenue of $233.8 million, returning to quarterly profitability as operating results improved. Revenue rose 9.6% year over year, and gross margin increased to 8.8% from 0.9%. Stockholder net income was $33.7 million, or $0.62 per diluted share, versus a $75.3 million loss, or $1.39 per share. Other income included $28.7 million related to the Liberty Mutual settlement.
The nine-month picture remained weaker: revenue fell 22.3% to $519.5 million, with a $55.4 million gross loss and a $78.9 million stockholder net loss. Operating activities used $183.683 million, versus generating $6.893 million a year earlier. At September 30, cash was $35.936 million, down from $52.713 million at year-end. Backlog was $1.714 billion versus $2.031 billion at year-end; long-term debt rose to $386.479 million from $203.971 million, and stockholders' deficit widened to $219.629 million.
Worthington Steel (NYSE: WS) earned the 2027 Military Friendly® Employer Silver designation, marking its 12th consecutive year of recognition. More than 1,200 companies participated in the survey, which assessed recruitment, retention, turnover and advancement opportunities for veterans and military employees. Worthington Steel will appear in the 2027 Military Friendly® Employers Guide.
Sky Harbour (NYSE: SKYH) raised its 2026 revenue outlook while lowering adjusted earnings guidance as campus openings affect costs and timing. Revenue guidance rose to $44–48 million from $42–46 million, while adjusted EBITDA guidance fell to $0–4 million from $4–6 million. Adjusted EBITDA is a non-GAAP earnings measure. The company attributed the reduction to Bradley opening costs with limited offsetting revenue and the Dallas Addison Phase 2 delay to Q1 2027.
Q3 consolidated revenue increased approximately 45% year over year and 7% sequentially. Operating cash use was approximately $0.7 million, versus $0.9 million a year earlier and $0.5 million generated in Q2. Cash and US Treasuries totaled $199.4 million, with $129.2 million of additional committed construction facility capacity. Subsidiaries signed third-party hangar contracts the company expects to exceed $38 million. New ground leases and campus construction expanded its development pipeline.
Sky Harbour Group (SKYH) received Los Angeles City Council approval for two ground leases to develop hangar campuses at Van Nuys Airport.
The company expects formal lease execution in the coming weeks. Sky Harbour expects the developments to bring private investment to the airport and create or sustain hundreds of local construction and operations jobs.
Southland Holdings (SLND) will release its third quarter 2026 results after market close on November 12, 2026. A conference call will follow at 10:00 a.m. Eastern Time on November 13, 2026. The call can be accessed through Southland’s website, where a replay will also be available afterward.
Sky Harbour (NYSE: SKYH) will release third-quarter 2026 financial results after market close on November 10, 2026. The company will also file its quarterly report on Form 10-Q with the SEC and host a public investor webcast at 5:00 p.m. ET that day. The webcast will cover quarterly results and a business update, followed by questions from research analysts to company leadership. A replay will be available on its website.
Worthington Steel (WS) announced that its proposed control and profit-and-loss transfer agreement with Kloeckner will not take effect after failing shareholder approval.
The company will operate within the existing ownership and governance structure and pursue opportunities available within that framework. Worthington Steel said the vote affects the timing, mix and manner of achieving certain goals, particularly near term. Its approximately 62% stake in Kloeckner remains unchanged, as do its financing arrangements and consolidation of Kloeckner’s financial results, which began after the majority-stake acquisition in June 2026.
Worthington Steel (WS) will not pursue another Kloeckner agreement vote for at least one year if the upcoming vote fails. Kloeckner’s extraordinary general meeting remains scheduled for October 23, 2026, in Düsseldorf, Germany, including the vote on a domination and profit and loss transfer agreement (DPLTA). Approval requires 75% of the capital represented; if that threshold is not met, the pause runs from the meeting date.
The companies signed the DPLTA on September 8, 2026. It remains subject to Kloeckner shareholder approval and registration with the competent commercial register before taking effect. Kloeckner continues to operate independently until then.
Worthington Steel (WS) reported fiscal 2027 first-quarter net sales of $2,726.6 million, with results including its majority acquisition of Kloeckner.
For the quarter ended August 31, 2026, sales rose 212% year over year; excluding Kloeckner, sales increased 9%. Operating income rose to $56.0 million from $48.3 million. Continuing operations produced a controlling-interest net loss of $7.0 million, or $0.14 per diluted share, versus earnings of $36.8 million, or $0.73 per share. Adjusted diluted EPS fell to $0.57 from $0.77. Negative free cash flow widened to $69.0 million from $35.7 million, and quarter-end net debt was $1,948.2 million.
Kloeckner ownership reached approximately 62.11%. The subsequent control and profit-and-loss transfer agreement requires approvals and registration and cannot become effective before January 1, 2027. A $0.16 quarterly dividend is payable December 28, 2026.
Worthington Steel (WS) declared a quarterly dividend of $0.16 per common share, payable on December 28, 2026. Shareholders of record at the close of business on December 14, 2026, are eligible. The company will discuss fiscal 2027 first-quarter results on October 7, 2026, at 8:30 a.m. ET.
Worthington Steel and Kloeckner & Co entered into a Domination and Profit and Loss Transfer Agreement on September 8, 2026. The agreement remains subject to Kloeckner shareholder approval and registration with the competent commercial register before becoming effective.