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) 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, 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 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.
Worthington Steel, Inc. (WS) came out with quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.19 per share a year ago.
Worthington Steel, Inc. WS will release earnings results for the first quarter, after the closing bell on Wednesday, Sept. 24.
Worthington Steel, Inc. delivered a strong Q4, beating analyst expectations on revenue and earnings, driving a 20% stock surge despite ongoing shipment volume declines. Management's strategic investments in electrical steel, Mexico and Canada expansions, and the Sitem acquisition position the company for long-term margin growth. While shares are no longer as cheap, valuation remains attractive versus peers, and the balance sheet is strong with low net debt and robust cash flow.
Worthington Steel, Inc. faces margin and demand pressure, especially in automotive, leading to pressured earnings and a significant share price decline. Despite recent weakness, current WS stock valuations appear attractive based on through-the-cycle margins, though sustainable value creation remains challenging due to industry cyclicality. The company maintains a solid balance sheet and continues to invest, including a recent acquisition in Italy, but free cash flow is hampered by high capex needs.
Worthington Steel, Inc. (NYSE:WS ) Q4 2025 Results Conference Call June 26, 2025 8:00 AM ET Company Participants Geoffrey G. Gilmore - CEO, President & Director Melissa Dykstra - Vice President of Corporate Communication & Investor Relations Timothy A.
Worthington Steel's stock has fallen 18% since December due to economic concerns and weak fundamentals, but long-term investors should consider it a buy due to its cheap valuation. The company's Q3 2025 revenue dropped 14.7% year-over-year, driven by a 10.6% decline in volume and lower pricing. Tariffs pose risks, especially to the automotive sector, but Worthington Steel's localized sales strategy helps mitigate some of these impacts.
Worthington Steel, Inc (NYSE:WS ) Q3 2025 Results Conference Call March 20, 2025 8:30 AM ET Company Participants Melissa Dykstra - Vice President, Corporate Communications & Investor Relations Geoff Gilmore - President & Chief Executive Officer Tim Adams - Vice President & Chief Financial Officer Conference Call Participants Martin Englert - Seaport Research Partners Phil Gibbs - KeyBanc Capital Markets John Tumazos - John Tumazos Very Independent Research Operator Hello, and welcome to Worthington Steel's Third Quarter 2025 Earnings Call. [Operator Instructions].