Worthington Steel, Inc. (NYSE: WS) Q4 2025 Earnings | 6/25/2025

29 days ago

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Earnings Calls

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Worthington Steel, Inc. (NYSE: WS) reported its Q4 and full-year 2025 results on June 25, 2025, demonstrating resilient profitability despite a challenging pricing environment and lower toll volumes. Fourth-quarter net sales fell 9% year-over-year to $832.9 million, reflecting lower average selling prices and an 11% decline in toll tons sold. Direct tons sold were flat, and the mix shifted to 60% direct and 40% toll tons. Gross margin decreased by $4 million to $127 million, primarily due to lower toll margins, while direct spreads improved thanks to favorable inventory holding gains. Operating income for the quarter was $66.4 million, nearly flat compared to $67.3 million a year earlier. Net earnings attributable to controlling interest rose 5% to $55.7 million, or $1.10 per diluted share, up from $53.2 million ($1.06 per share) last year. Adjusted EBIT was $70.1 million, with an adjusted EBIT margin of 8.4%. Free cash flow improved to $8.4 million, up from negative $9.2 million in Q4 2024. The company ended the quarter with $38 million in cash and $151.5 million in debt, resulting in a net debt position of $113.5 million. For the full year, Worthington Steel reported net sales of $3.09 billion, down 10% from $3.43 billion in fiscal 2024, and net income of $110.7 million, compared to $154.7 million the previous year. The company finalized its acquisition of a controlling stake in Italy-based Sitem Group after the quarter ended, strengthening its position in electrical steels and expanding its global footprint. CEO Geoff Gilmore highlighted the company’s execution amid a mixed economic environment, the successful closing of the Sitem acquisition, and ongoing investments in growth initiatives. Outlook: Continued focus on margin management and operational efficiency Integration of Sitem Group to drive growth in electrical steels and key sectors Ongoing investment in technology, safety, and strategic acquisitions About Inside Ticker: For more expert analysis and real-time updates on Worthington Steel, Inc. (NYSE: WS) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #WorthingtonSteel #WS #Q42025 #Earnings #Metals #Steel #FinancialResults #Acquisition #Sitem #InvestorUpdate #InsideTicker

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