Worthington Steel, Inc. (NYSE: WS) has reported its financial results for the fourth quarter and full year of fiscal 2025, ended May 31, 2025. In the fourth quarter of fiscal 2025, the company's net sales decreased by 9% to $832.9 million compared to $911.0 million in the same period of fiscal 2024. The operating income for the fourth quarter of fiscal 2025 was $66.4 million, slightly lower than the $67.3 million reported in the fourth quarter of fiscal 2024.
The net earnings attributable to controlling interest for the fourth quarter of fiscal 2025 were $55.7 million, compared to $53.2 million in the same period of fiscal 2024. The net earnings per diluted share attributable to controlling interest was $1.10, a slight increase from the $1.06 reported in the fourth quarter of fiscal 2024. Adjusted net earnings per diluted share attributable to controlling interest for the fourth quarter of fiscal 2025 were $1.05, down from $1.06 in the same period of fiscal 2024.
The company's adjusted EBIT for the fourth quarter of fiscal 2025 was $70.1 million, slightly lower than the $70.4 million reported in the fourth quarter of fiscal 2024.
In terms of volume, Worthington Steel reported 982,180 tons for the fourth quarter of fiscal 2025, compared to 1,029,565 tons in the same period of fiscal 2024.
The company also highlighted its finalized acquisition of a controlling equity stake in Italy-based Sitem S.p.A. and its subsidiaries, subsequent to the end of fiscal 2025, as well as its recognition as the No. 1 top workplace in Columbus and the recipient of the 2024 Supplier of the Year award from General Motors.
Worthington Steel's president and CEO, Geoff Gilmore, commented on the company's 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."
The company's quarterly dividend of $0.16 per share was declared, payable on September 26, 2025, to shareholders of record at the close of business on September 12, 2025.
Worthington Steel's balance sheet for the fourth quarter of fiscal 2025 showed cash and cash equivalents of $38.0 million and restricted cash of $54.9 million. The company also reported a net debt position of $113.5 million. In terms of cash flow, the company generated free cash flow of $8.4 million in the fourth quarter of fiscal 2025, compared to negative free cash flow of $9.2 million in the same period of fiscal 2024.
Worthington Steel operates 37 facilities in seven states and 10 countries, and its approximately 6,000 employees focus on delivering highly technical and customized solutions in the metals processing industry. As a result of these announcements, the company's shares have moved 1.23% on the market, and are now trading at a price of $32.03. For more information, read the company's full 8-K submission here.
