Worthington Steel Q1 Revenue Soars 212% on Kloeckner Deal, But Adjusted EPS Misses
WS sits 38% above its 52-week low of $27.22 on elevated volume (2.2× avg).
Summary
Worthington Steel reported fiscal Q1 revenue of $2.73 billion, up 212% year-over-year, driven by the Kloeckner acquisition which contributed $1.77 billion in net sales. Adjusted EPS fell to $0.57 from $0.77 a year earlier, missing the $0.68 consensus estimate. Excluding Kloeckner, legacy net sales rose 9% on higher direct volumes and pricing, but SG&A increased $17.6 million due to acquisition-related professional fees, pressuring operating income. The company posted a net loss of $7 million, or $0.14 per share. This follows the completion of the majority acquisition of Kloeckner and the signing of a Domination and Profit and Loss Transfer Agreement in September. The company expects the sale of the Kloeckner Disposal Group to be completed within one year of the acquisition. The board declared a quarterly cash dividend of $0.16 per share, payable December 28, 2026 to shareholders of record December 14, 2026.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Board declared a quarterly cash dividend of $0.16 per share, payable December 28, 2026 to shareholders of record December 14, 2026.
At the time of this announcement, WS was trading at $37.60 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $27.22 to $49.17. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.