Worthington Steel, Inc. ( (WS) ) has released its Q1 earnings. Here is a breakdown of the information Worthington Steel, Inc. presented to its investors.
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Worthington Steel, Inc., a leading metals processing company, specializes in value-added steel solutions and operates in the industrial sector with a focus on sustainability and innovation. The company recently announced its first quarter fiscal 2026 results, showcasing a strong start to the year with notable financial improvements and strategic expansions. Worthington Steel reported a 5% increase in net sales to $872.9 million, alongside a rise in operating income to $48.3 million and net earnings attributable to the company of $36.8 million. The company also declared a quarterly dividend of $0.16 per share. A significant highlight of the quarter was the acquisition of a majority stake in S.I.T.E.M. S.p.A., which contributed to the company’s growth and strategic positioning. The acquisition is expected to enhance Worthington Steel’s capabilities and market reach. Looking ahead, Worthington Steel remains committed to leveraging its industrial heritage and transformation mindset to drive long-term growth and adapt to dynamic market conditions.