tiprankstipranks
Worthington Steel, Inc. (WS)
NYSE:WS
US Market
Want to see WS full AI Analyst Report?

Worthington Steel, Inc. (WS) Earnings Dates, Call Summary & Reports

95 Followers

Earnings Data

Report Date
Sep 30, 2026
After Close (Confirmed)
Period Ending
2027 (Q1)
Consensus EPS Forecast
0.68
Last Year’s EPS
0.77
Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings

Earnings Call Summary

Q4 2026
Earnings Call Date:Jun 24, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call presents a balanced picture: materially positive strategic progress (completion of the Klöckner acquisition, clear synergy targets, expanded product mix and scale, operational improvements, AI deployments, and several end-market share gains) alongside near-term financial pressures (a large $94.5M electrical steel impairment, a reported net loss for the quarter, lower adjusted EBIT and EPS, declines in toll volumes and some end markets, and transaction-related costs). Management emphasized cash generation, liquidity, and a disciplined integration plan, but acknowledged volatility and integration execution risk.
Company Guidance
The company’s guidance and near-term priorities center on integrating Klöckner and delivering quantified synergies and cash benefits: $150 million of run-rate EBITDA synergies plus roughly $150 million of working capital opportunity (split roughly 50/50 across year one and year two) with a goal to cut debt in half in the same period; Worthington now owns ~62% of Klöckner and raised more than $1 billion of new capital. For fiscal 2027 the company expects legacy Worthington Steel capital expenditures of about $60 million, announced a quarterly dividend of $0.16 per share payable Sept. 29, 2026, and estimated Q1 FY2027 pre-tax inventory holding gains of $10–$15 million. Recent operating/financial metrics referenced to frame the guidance include Q4 net sales of $929.2 million, adjusted EBITDA $75.2 million, adjusted EBIT $54 million, adjusted EPS $0.74, reported net loss attributable to controlling interest of $48.7 million (‑$0.98 per share) including a $94.5 million pre-tax electrical steel impairment; shipments of ~939,000 tons (down 44,000 tons, ‑4% YoY) with direct sales 65% of mix (up from 60%) and direct volume +3% (auto +5%, energy +24%, agriculture +11%, construction ‑14%, heavy truck ‑14%, toll volumes ‑15%); quarterly cash from operations $45 million, free cash flow $8 million (trailing 12‑month FCF $80 million), Q4 capex $37.1 million, and cash of $85 million with net debt of $172 million prior to the Klöckner settlement; combined results for the enlarged company are expected to be reported next quarter.
Completion of Klöckner Acquisition and Strategic Scale Expansion
Completed purchase of a majority (~62%) interest in Klöckner on June 3; largest acquisition in company history. Expands product mix (aluminum, stainless, long products, plate, fabrication), geographic footprint, and end-market diversification. Raised more than $1.0 billion of new capital to support the transaction. Management targets $150 million of run-rate EBITDA synergies plus an additional ~$150 million of working capital opportunities, with roughly a 50/50 split between year one and year two, and a plan to cut debt roughly in half in the same period.
Revenue Growth
Net sales increased 12% year-over-year to $929.2 million in the fourth quarter.
Profitability (Adjusted Metrics)
Reported adjusted EBITDA of $75.2 million and adjusted earnings per share of $0.74 for the quarter (non-GAAP).
Operational Improvements and Lean Transformation
Applied lean flow principles at Bowling Green (after Delta), converting to a pull-and-replenish model that delivered about a 37% reduction in inventory while maintaining 100% on-time delivery and freeing floor space; packaging lessons into a scalable operating model for wider deployment.
AI Adoption and Order Automation
Deployed an AI agent at Spartan Steel Coating to automate highly variable customer order processing; testing achieved >90% accuracy with expected deployment later in the quarter, improving scalability and reducing manual effort.
Direct Volume and End-Market Wins
Direct sales volume increased 3% year-over-year and made up 65% of mix (vs. 60% prior year). Direct shipments to automotive rose 5%; energy volumes up 24% due to new solar program wins; agriculture volumes up 11% due to OEM demand and share gains.
Cash Generation and Liquidity Signals
Cash flow from operations was $45 million for the quarter; free cash flow was $8 million for the quarter and $80 million on a trailing 12-month basis. Capital expenditures were $37.1 million in the quarter; legacy Worthington Steel expects ~ $60 million capex for fiscal 2027. Announced quarterly dividend of $0.16 per share.
Customer and Employee Recognition
Earned John Deere partner level supplier rating for the 14th consecutive year; recognized as a General Motors Supplier of the Year for 2025 (fourth time, third consecutive); selected as a Top Workplace in Central Ohio for the 14th consecutive year.

Worthington Steel, Inc. (WS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

WS Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Sep 30, 2026
2027 (Q1)
0.68 / -
0.77
Jun 24, 2026
2026 (Q4)
0.75 / 0.74
1.05-29.52% (-0.31)
Mar 25, 2026
2026 (Q3)
0.46 / 0.27
0.35-22.86% (-0.08)
Dec 17, 2025
2026 (Q2)
0.39 / 0.38
0.19100.00% (+0.19)
Sep 24, 2025
2026 (Q1)
0.74 / 0.77
0.5637.50% (+0.21)
Jun 25, 2025
2025 (Q4)
0.82 / 1.05
1.06-0.94% (-0.01)
Mar 19, 2025
2025 (Q3)
0.48 / 0.35
0.99-64.65% (-0.64)
Dec 18, 2024
2025 (Q2)
0.63 / 0.19
0.1172.73% (+0.08)
Sep 25, 2024
2025 (Q1)
0.55 / 0.56
1.18-52.54% (-0.62)
Jun 26, 2024
2024 (Q4)
0.76 / 1.06
1.364-22.29% (-0.30)
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

WS Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jun 24, 2026
$39.62$36.83-7.04%
Mar 25, 2026
$34.88$29.68-14.91%
Dec 17, 2025
$35.62$35.72+0.28%
Sep 24, 2025
$33.53$28.75-14.25%
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.

FAQ

When does Worthington Steel, Inc. (WS) report earnings?
Worthington Steel, Inc. (WS) is schdueled to report earning on Sep 30, 2026, After Close (Confirmed).
    What is Worthington Steel, Inc. (WS) earnings time?
    Worthington Steel, Inc. (WS) earnings time is at Sep 30, 2026, After Close (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 2027 (Q1) is 0.68.