Worthington Steel Stock Price, News & Analysis

Worthington Steel (NYSE: WS) has announced a quarterly dividend of $0.16 per common share, payable on March 28, 2025, to shareholders of record as of March 14, 2025. The company also scheduled a conference call to discuss its fiscal 2025 second quarter results for December 19, 2024, at 8:30 a.m. ET. The call will be accessible through a live webcast on the company's Investor Relations website and will remain archived for one year.

Sky Harbour Group (SKYH) announced its approval for uplisting from NYSE American to the New York Stock Exchange (NYSE). Trading of the company's common stock and warrants will cease on NYSE American after market close on January 24, 2025, and begin on NYSE on January 27, 2025, maintaining the symbols 'SKYH' and 'SKYH WS'.

The aviation infrastructure company, which builds nationwide home-basing campuses for business aircraft, has been listed on NYSE American since early 2022. The uplisting is expected to enhance visibility, expand investor base, and increase liquidity for public stockholders.

Athena Technology Acquisition Corp. II has received a delisting notice from NYSE American due to failing to complete a business combination within the required 36-month timeframe following its IPO. Trading of the company's securities has been suspended, including class A common stock, units, and redeemable warrants. The company has until December 17, 2024, to request a review of the delisting determination. While working to complete its announced business combination with Ace Green Recycling, the company plans to seek listing on The Nasdaq Stock Market if delisted from NYSE American.

Worthington Steel (NYSE: WS) has been named to Foundry's Computerworld 2025 Best Places to Work in IT, ranking No. 18 in the midsize organization category. This marks their seventh recognition and first since becoming a standalone public company in December 2023.

The company's IT team played a important role in the successful separation from Worthington Industries, managing infrastructure, end-user systems, business applications, and security. The IT department continues to be vital in mergers and acquisitions, system integration, and driving technological advancement in manufacturing operations.

The team collaborates on analytics, business intelligence, and transformation initiatives, championing new technologies for office automation and shop floor optimization. This recognition highlights Worthington Steel's commitment to challenging their IT staff while providing competitive benefits and compensation.

Sky Harbour Group (NYSE American: SKYH, SKYH WS) announced the acquisition of CloudNine at Camarillo Airport, serving Greater Los Angeles. The acquisition includes a 120,000 sq. ft. hangar and office complex, and Sky 805, which holds ground leases and fixed-based operator rights. The transaction, valued at $31 million, was primarily used to settle existing debt obligations at a 10% discount. The rebranded CloudNine will function as a Sky Harbour Home-Basing campus, while Sky 805 will continue operating Channel Islands Aviation FBO. This acquisition adds to Sky Harbour's network of campuses in Houston, Nashville, Miami, and San Jose, and those under development in several other cities. CEO Tal Keinan highlighted the strategic importance of the acquisition, citing the Los Angeles Metro as a top business aviation market. CFO Francisco X Gonzalez noted the acquisition's immediate positive impact on operating cash flow and earnings, with significant future upside potential.

Vicarious Surgical (NYSE: RBOT) announced that Chief Financial Officer William Kelly will be departing the company on January 2, 2025. Kelly, who has served as CFO since January 2021, is leaving to pursue other career opportunities after nearly four years with the company.

Kelly will assist in ensuring a smooth transition of responsibilities before his departure. The company has initiated a CFO succession process and will provide updates accordingly. CEO Adam Sachs expressed gratitude for Kelly's significant contributions during his tenure.

Southland Holdings subsidiary Oscar Renda Contracting has secured a $60 million contract for the construction of a new wastewater treatment plant in the Southwest. The project encompasses comprehensive infrastructure development, including new headworks, influent pump station, extended aeration basin, administration building, utility water station, and crew building renovation. The contract will be added to the company's fourth quarter 2024 backlog.

Worthington Steel (NYSE: WS) has announced plans to acquire a 52% controlling stake in Italy-based Sitem Group through its subsidiary, Tempel Steel Company. Sitem Group, with 50 years of experience, is a major European producer of electric motor laminations for automotive and industrial applications. The transaction includes the acquisition of existing shares, contribution of Worthington's Nagold facility, and subscription of reserved share capital increases.

The deal, expected to close in early 2025, aligns with Worthington's strategy to expand its electrical steel lamination business and strengthen its presence in Europe's growing electric vehicle market. Sitem Group operates six facilities across Italy, Switzerland, Slovakia, and France, and its current leadership will continue to manage operations from Trevi, Italy.

Worthington Steel (NYSE: WS) has announced it will release its fiscal second quarter 2025 financial results after market close on Wednesday, December 18, 2024. The company will hold a conference call to discuss these results on Thursday, December 19, 2024, at 8:30 a.m. ET. Investors can access the live webcast through the company's website at WorthingtonSteel.com, where it will remain archived for one year. The conference call can be joined via toll-free number 888.510.2553 using conference ID 5714141.