Worthington Steel Stock Price, News & Analysis

Sky Harbour Group (NYSE: SKYH) reported strong financial results for 2024, with full-year consolidated revenues increasing 95% compared to 2023. The company's constructed assets exceeded $250 million, with consolidated cash and US Treasuries totaling $127 million at year-end.

Key operational highlights include:

• Positive operating cash flow of $6.5 million for Sky Harbour Capital in 2024
• New hangar campus lease secured at King County International Airport – Boeing Field
• Opening of new campuses in Phoenix, Dallas (Addison), and Denver
• Completion of CloudNine and Sky 805 acquisition at Camarillo Airport
• Successful closing of PIPE financing raising $75 million at $9.50 per share

The company maintains its guidance for reaching breakeven operating cash flow/adjusted EBITDA by year-end 2025 and expects to announce six additional hangar ground leases by end of 2025, targeting a total portfolio of 23 airport ground leases.

Vicarious Surgical (NYSE: RBOT) announced that Company President Randy Clark will transition to a Board Member role, effective April 25, 2025. As President, Clark led key business functions including product development, operations, clinical regulatory, quality affairs, and human resources.

During his tenure, Clark made significant contributions by:

• Developing manufacturing capabilities and strengthening supply chain
• Establishing key partnerships
• Implementing personnel realignment
• Streamlining business processes
• Formalizing workflows and standardizing procedures

CEO Adam Sachs acknowledged Clark's role in building a strong foundation for future growth. Clark will continue to provide strategic guidance as a Board member, ensuring his expertise remains available to the company while allowing for leadership evolution aligned with strategic and capital needs.

Worthington Steel (NYSE: WS) reported its Q3 fiscal 2025 results, showing significant year-over-year declines. Net sales decreased 15% to $687.4 million from $805.8 million, while operating income fell to $18.3 million from $66.3 million. Net earnings per diluted share dropped to $0.27 from $0.98.

The company's performance was impacted by lower volume and direct selling prices, with direct tons sold decreasing 7% and toll tons down 15%. Gross margin declined by $38.9 million, affected by lower direct spreads and an unfavorable $20.5 million swing in inventory holding positions.

Notable developments include progress on acquiring a controlling stake in Italy-based Sitem Group, receiving Mahle's 2024 Best Supplier award, and declaring a $0.16 quarterly dividend. The company maintains a relatively strong financial position with $63.3 million in cash and $112.2 million in debt.

Worthington Steel (NYSE: WS) has announced its quarterly dividend declaration of $0.16 per common share. The dividend will be paid on June 27, 2025, to shareholders of record as of the close of business on June 13, 2025.

The company also announced it will host a conference call to discuss its fiscal 2025 third quarter results on Thursday, March 20, 2025, at 8:30 a.m. ET. The call will be available via live webcast on the company's Investor Relations website and will remain archived for one year.

Vicarious Surgical (NYSE: RBOT) has reported its Q4 and full year 2024 financial results, marking significant progress with the completion of Version 1.0 System integration. The company expanded strategic partnerships with LSU Health New Orleans, Temple Health, and University of Illinois Health, while preparing for first clinical use in 2025.

Financial highlights for Q4 2024 include operating expenses of $15.0 million (down 3% YoY), with a GAAP net loss of $13.9 million ($2.36 per share). Full year 2024 saw operating expenses of $66.6 million (17% decrease YoY) and a GAAP net loss of $63.2 million ($10.74 per share).

The company ended 2024 with $49.1 million in cash and investments, achieving its 2024 cash burn guidance. For 2025, Vicarious Surgical has set a cash burn guidance of approximately $50 million. The company has appointed Sarah Romano as CFO, effective April 1st, 2025.

Vicarious Surgical (NYSE: RBOT) has appointed Sarah Romano as Chief Financial Officer, effective April 1, 2025. Romano brings decades of financial leadership experience in capital markets, particularly in the healthcare sector. She previously served as CFO of Entero Therapeutics, where she managed financial strategy and executed product in-licensing partnerships.

At her former position as CFO of Kiora Pharmaceuticals, Romano secured over $50 million in funding and led M&A activities. Her expertise includes financial strategy, operations, compliance, budget reviews, forecasting, internal controls oversight, and SEC reporting. Romano holds a Master of Accountancy from Boston College and a B.A. in Accounting from the College of the Holy Cross.

Sky Harbour Group (NYSE American: SKYH), an aviation infrastructure company developing a nationwide network of Home-Basing campuses for business aircraft, has scheduled its Full Year 2024 financial results announcement and Form 10-K filing for March 27, 2025, after market close.

The company will host an investor webcast at 5:00 pm ET the same day, featuring a review of quarterly and annual financial results, a general business update, and a Q&A session with leadership. The webcast will be accessible through the company's investor relations website and will be available for replay after the event.

OppFi (NYSE: OPFI) reported strong financial results for Q4 and full-year 2024, with significant year-over-year growth. Net income surged 112.4% to $83.8 million for full-year 2024, marking the company's tenth consecutive profitable year.

Key highlights include:

• Full-year adjusted net income up 99.2% to $82.7 million
• EPS improved to $0.36 from -$0.06 in 2023
• Adjusted EPS increased 95.5% to $0.95
• Net charge-offs decreased 440 basis points to 39.1%
• Average yield increased 416 basis points to 131.4%

The company provided optimistic guidance for 2025, projecting:

• Revenue growth of 7-13% ($563-594 million)
• Adjusted net income growth of 15-17% ($95-97 million)
• Q1 2025 adjusted net income of $22-24 million

Southland Holdings (NYSE: SLND) reported its Q4 and full-year 2024 financial results, showing significant declines across key metrics. Q4 2024 revenue decreased 15.5% to $267.3 million, with gross profit falling to $7.7 million from $21.1 million year-over-year. The quarterly net loss improved slightly to $4.2 million ($(0.09) per share) compared to $5.6 million loss in Q4 2023.

Full-year 2024 performance showed broader challenges with revenue declining 15.5% to $980.2 million from $1.2 billion in 2023. The company reported a substantial gross loss of $63.0 million, compared to a $35.8 million gross profit in 2023. Net loss widened significantly to $105.4 million ($(2.19) per share) from $19.3 million in 2023. The Materials & Paving business notably impacted results negatively, contributing to $83.1 million in gross losses for the year.