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Worthington Steel, Inc. ( (WS) ) has provided an announcement.
Worthington Steel, Inc. announced the appointment of Scott Kelly as a new board director, who will serve until 2027 and join the Nominating and Governance Committee. The company reported its second quarter fiscal 2025 financial results, highlighting a decrease in net sales by 9% to $739.0 million, but an increase in net earnings to $12.8 million from a prior loss. The company’s operating income rose significantly due to increased gross margins and reduced costs post-separation from Worthington Enterprises, despite a decrease in direct selling prices and volumes. Additionally, Worthington Steel declared a quarterly dividend and is investing in strategic expansions to enhance its operations.
More about Worthington Steel, Inc.
Worthington Steel, Inc. is a market-leading company in the value-added metals processing industry. It focuses on providing innovative solutions to its customers and partners, with a particular emphasis on electric motor laminations and accessory products for automotive and industrial applications in Europe, following a recent acquisition agreement for a controlling equity stake in Italy-based Sitem S.p.A.
YTD Price Performance: 17.78%
Average Trading Volume: 210,931
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.65B
For an in-depth examination of WS stock, go to TipRanks’ Stock Analysis page.
