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Worthington Steel, Inc. (WS)
NYSE:WS
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.57Last Year’s EPS
0.99Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 21, 2024
|% Change Since: -20.02%
|Next Earnings Date:Dec 21, 2023
Earnings Call Sentiment|Neutral
The earnings call reflected optimism for the future with strong strategic moves and improved financial results, despite facing challenges in key markets and increased costs.Company Guidance
During Worthington Steel's Q2 2025 earnings call, the company reported adjusted EBITDA of $30.6 million, up from $23 million in the prior year. Earnings per share improved to $0.25 from a loss of $0.12 per share the previous year. The company faced challenges from reduced volumes and lower average selling prices, yet it achieved significant milestones, such as acquiring a 52% stake in Sitem Group to bolster its presence in Europe's high-growth market for electric vehicles. The acquisition aligns with the company's strategy to expand in electrical steel laminations, with anticipated completion in early 2025. Despite some industry headwinds, Worthington Steel maintains an optimistic outlook, underpinned by strong customer relationships and strategic initiatives, including cost management and efficiency improvements. The company also highlighted a commendable safety record and recognition as a top IT workplace, reflecting its ongoing commitment to excellence and sustainability.Growth in Adjusted EBITDA
Adjusted EBITDA for the quarter was $30.6 million, an increase from $23 million in the prior year quarter.
Improvement in Earnings Per Share
Earnings per share improved to $0.25 from a loss of $0.12 in the same period last year.
Strategic Acquisition in Europe
Agreement to acquire a 52% stake in Sitem Group to strengthen presence in Europe's high-growth electric vehicle market.
Recognition and Awards
Named a Military Friendly Employer for the 10th year and included in Computerworld's Top Places to Work in IT list.
Corporate Citizenship and Sustainability
Released first corporate citizenship and sustainability report, highlighting a safety record nearly 2x better than the industry average and decreased carbon emissions.
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WS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 18, 2024 | $37.92 | $32.46 | -14.40% |
| Sep 25, 2024 | $35.81 | $31.89 | -10.95% |
| Jun 26, 2024 | $30.65 | $32.41 | +5.74% |
| Mar 21, 2024 | $31.48 | $34.88 | +10.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Worthington Steel, Inc. (WS) report earnings?
Worthington Steel, Inc. (WS) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Worthington Steel, Inc. (WS) earnings time?
Worthington Steel, Inc. (WS) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WS EPS forecast?
WS EPS forecast for the fiscal quarter 2025 (Q3) is 0.57.
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