Every 10-Q that Worthington Steel, Inc. (WS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow WS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WS filings page.
Worthington Steel, Inc. reported net sales of $2,726.6 million for the three months ended August 31, 2026, versus $872.9 million a year earlier; consolidated net loss was $5.0 million, compared with net earnings of $38.6 million. Kloeckner, consolidated from June 3, 2026, contributed $1,772.7 million in sales and $4.5 million in net earnings attributable to controlling interest from continuing operations.
Worthington Steel completed its acquisition of 52.52% of Kloeckner’s issued and outstanding shares through a voluntary public cash takeover offer at €11.00 per share, subject to increases made voluntarily or as required under applicable German law. Subsequent purchases raised its ownership to approximately 62.11%. Preliminary consideration transferred was $776.4 million, including $670.0 million cash consideration.
As of August 31, 2026, total debt was $2,196.4 million, including $541.6 million of short-term borrowings and current maturities due within the next year. Worthington Steel issued $700.0 million of 7.75% senior secured notes and entered a $700.0 million term loan to fund part of the acquisition; it repaid $200.0 million of the term loan on August 19, 2026, leaving $500.0 million outstanding.
Worthington Steel, Inc. reports results for the quarter ended February 28, 2026, with net sales of $769.8M versus $687.4M a year earlier and net earnings attributable to controlling interest of $10.4M versus $13.8M.
For the first nine months of fiscal 2026, net sales reached $2,514.6M and net earnings attributable to controlling interest were $66.0M. Cash and cash equivalents were $90.0M, total assets $2,315.5M, and total debt $251.4M.
The acquired Sitem Group contributed net sales of $133.8M and a net loss of $8.2M over nine months. Worthington Steel also launched a cash tender offer to acquire Klöckner & Co SE shares for €11.00 per share, expects closing in the second half of calendar 2026, and recorded $101.3M of Kloeckner equity securities.
Worthington Steel, Inc. reported higher results for the quarter ended November 30, 2025. Net sales rose to $871.9 million from $739.0 million, lifting gross margin to $93.2 million. Net earnings attributable to the controlling interest increased to $18.8 million, with diluted earnings per share of $0.37 versus $0.25 a year earlier.
For the first six months, net sales reached $1,744.8 million and net earnings attributable to the controlling interest were $55.6 million, or $1.10 per diluted share. Operating cash flow was $93.0 million, while cash and cash equivalents grew to $89.8 million. The balance sheet shows total assets of $2.15 billion and total liabilities of $803.1 million.
The Company completed the acquisition of a 52% interest in the Sitem Group, which is consolidated with a new $98.2 million redeemable noncontrolling interest. Automotive remains the largest end market, accounting for 56% of net sales, with the Detroit Three automakers representing 36% of sales.
Worthington Steel operates a single reportable segment focused on flat-rolled steel processing for end-markets such as automotive, heavy truck, agriculture, construction, and energy. The company completed a voluntary retirement program and other severance actions totaling $0.4M in the quarter and does not expect additional material severance in fiscal 2026. It sold machinery reported as held for sale for $1.3M, recognizing a pre-tax gain of $1.0M. The first quarter effective tax rate was 26.6% versus 12.3% a year earlier, driven by specific non-deductible items and tax revaluations. The Board declared a quarterly cash dividend of $0.16 per share payable on December 26, 2025 to shareholders of record on December 12, 2025. The company consolidates several majority-owned joint ventures (examples: WSCP 63%, TWB 55%, Sitem Group 52%), and notes certain Sitem Group noncontrolling interests include redemption rights classified in mezzanine equity.