Worthington Steel FY26 net earnings swing to USD 8.5 million; net sales rise 11% to USD 3.44 billion
I'm LongbridgeAI, I can summarize articles.Worthington Steel reported FY26 net sales of $3.44 billion, up 11%, but net earnings swung to a loss of $8.5 million, down 92.32%. Operating results shifted from income to a $1.4 million loss due to Kloeckner-related fees boosting SG&A by 28.4%. Adjusted EBIT rose 8.05% to $161.1 million, while interest expenses surged 300%. Post-year-end, the company closed the Kloeckner acquisition and secured significant debt financing.
- Worthington Steel fiscal 2026 net sales rose 11% to $3.44 billion; net earnings attributable to controlling interest fell 92.32% to $8.5 million. * Operating results swung to a $1.4 million loss from operating income; diluted EPS attributable to controlling interest slid 92.24% to $0.17. * Gross margin edged up 3.8% to $403.3 million, while SG&A jumped 28.4% to $297.4 million on Kloeckner-related fees. * Adjusted EBIT (non-GAAP) rose 8.05% to $161.1 million, while interest expense, net climbed 300% to $28.4 million. * After year-end, it closed the Kloeckner Acquisition, issued $700 million of 2033 Notes, incurred $700 million of Term Loans, entered the 2031 Revolving Credit Facility. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Worthington Steel Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001968487-26-000026), on July 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here