Worthington Steel: 212% Revenue Growth, Yet EPS Went Backward
Worthington Steel, Inc. is a value-added metals processor serving automotive, construction, energy, and industrial sectors. WS recently expanded its North American and European footprint with the Kloeckner acquisition, increasing operational depth. I downgraded WS from Buy to Hold in December due to patchy demand, margin pressures, and skepticism about electrical steel investments.
Worthington Steel Q1 Earnings Call Highlights
Worthington Steel NYSE: WS reported first-quarter fiscal 2027 results that included Kloeckner for the first time following the June 3 acquisition, as management highlighted progress toward integrating the German metals distributor and processor amid a tight steel supply environment.
Worthington Steel: Kloeckner Turns Processing Density Into An Earnings Engine
Worthington Steel is transforming into a value-added metals platform, leveraging the Kloeckner acquisition to expand processing density and procurement efficiencies. WS's strategic shift toward direct processing, despite lower overall tonnage, enhances value capture and positions the company for higher-quality earnings. The Kloeckner deal creates significant synergy potential ($150M run-rate by FY2028), but integration risks, leverage, and electrical steel headwinds must be managed.
Earnings Estimates Moving Higher for Worthington Steel, Inc. (WS): Time to Buy?
Worthington Steel, Inc. (WS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Worthington Steel, Inc. (WS) Loses 23.8% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Worthington Steel, Inc. (WS) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Worthington Steel, Inc. (WS) Q4 2026 Earnings Call Transcript
Worthington Steel, Inc. (WS) Q4 2026 Earnings Call Transcript
Worthington Steel Is A Solid Play As Q4 Earnings Near
Worthington Steel is reaffirmed as a 'buy' following the completed $2.4B Kloeckner acquisition, which offers significant growth potential. WS's Q3 2026 showed 12% revenue growth driven by price increases, but profitability declined due to margin compression and lower toll volumes. The investment thesis hinges on realizing $150M in annual cost synergies by 2028; without these, higher interest expense makes the deal less attractive.
Worthington Steel's Q3 Earnings Miss Estimates, Sales up Y/Y
WS misses fiscal Q3 estimates as earnings and revenues fall short despite 12% sales growth, with margins pressured by lower toll volumes and higher costs.
Worthington Steel, Inc. (WS) Q3 2026 Earnings Call Transcript
Worthington Steel, Inc. (WS) Q3 2026 Earnings Call Transcript
Worthington Steel, Inc. (WS) Q3 Earnings and Revenues Lag Estimates
Worthington Steel, Inc. (WS) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.35 per share a year ago.
Worthington Steel: Good Execution, But The Easy Money Has Been Made
Worthington Steel, Inc. has outperformed the S&P 500, returning 16% including dividends since my last Buy rating. WS delivered strong Q2 2026 results: revenue of $871.9M (+18% YoY), adjusted EBITDA of $48.3M, and adjusted EPS of $0.38. Direct sales now comprise 65% of WS's mix, with automotive shipments up 26% and energy up 50%, driving improved margins despite patchy demand.
Worthington Steel, Inc. (WS) Q2 2026 Earnings Call Transcript
Worthington Steel, Inc. ( WS ) Q2 2026 Earnings Call December 18, 2025 8:30 AM EST Company Participants Melissa Dykstra - Vice President of Corporate Communication & Investor Relations Geoffrey Gilmore - CEO, President & Director Timothy Adams - VP & CFO Conference Call Participants Philip Gibbs - KeyBanc Capital Markets Inc., Research Division John Tumazos - John Tumazos Very Independent Research, LLC Martin Englert - Seaport Research Partners Presentation Operator Good morning, and welcome to Worthington Steel's Second Quarter Fiscal Year 2026 Earnings Call. [Operator Instructions] I will now turn the call over to Melissa Dykstra, Vice President of Corporate Communications and Investor Relations.
