Worthington Steel Reports 9% Decrease in Q4 Net Sales

By Bobby Samwell • Saturday, June 28 15:30 • Permanent Link

Worthington Steel, Inc. (NYSE: WS) has reported its financial results for the fiscal 2025 fourth quarter and full year ended May 31, 2025. Here are the key financial highlights and changes compared to the previous year:

Net sales for the fourth quarter of fiscal 2025 were $832.9 million, a 9% decrease compared to $911.0 million in the fourth quarter of fiscal 2024.
Operating income for the fourth quarter of fiscal 2025 was $66.4 million, slightly down from $67.3 million in the same period of fiscal 2024.
Net earnings attributable to controlling interest were $55.7 million for the fourth quarter of fiscal 2025, compared to $53.2 million in the fourth quarter of fiscal 2024.
Net earnings per diluted share attributable to controlling interest were $1.10 for the fourth quarter of fiscal 2025, slightly up from $1.06 in the fourth quarter of fiscal 2024.
Adjusted net earnings per diluted share attributable to controlling interest were $1.05 for the fourth quarter of fiscal 2025, slightly down from $1.06 in the same period of fiscal 2024.

In terms of annual performance, the company's net sales for fiscal 2025 were $3,093.3 million, down from $3,430.6 million in fiscal 2024. Operating income for fiscal 2025 was $147.0 million, a decrease from $194.5 million in fiscal 2024. Net earnings attributable to controlling interest for fiscal 2025 were $110.7 million, down from $154.7 million in fiscal 2024.

The company also finalized the acquisition of a controlling equity stake in Italy-based Sitem S.p.A. and its subsidiaries subsequent to the end of fiscal 2025.

Worthington Steel's President and CEO, Geoff Gilmore, commented on the performance, stating, "Despite a mixed economic environment, our team executed well in the fourth quarter, advancing key growth initiatives while maintaining our focus on safety and partner relationships."

Additionally, the company was named the No. 1 top workplace in Columbus by Columbus CEO magazine and earned the 2024 Supplier of the Year by General Motors for the fourth time in five years.

The company's cash and cash equivalents stood at $38.0 million as of May 31, 2025, and it had a net debt position of $113.5 million. Worthington Steel's board of directors declared a quarterly dividend of $0.16 per common share, payable on September 26, 2025.

Worthington Steel, with approximately 6,000 employees, operates 37 facilities in seven states and 10 countries, focusing on delivering highly technical and customized solutions in the metals processing industry. Following these announcements, the company's shares moved 1.23%, and are now trading at a price of $32.03. For the full picture, make sure to review Worthington Steel's 8-K report.

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