{"filings":[{"id":2355756,"accession_number":"0001193125-26-356964","cik":1968487,"company_name":"Worthington Steel, Inc.","ticker":"WS","form_type":"8-K/A","filed_at":"2026-08-19T20:25:03+00:00","items":["2.01","9.01"],"status":"ready","headline":"Worthington Steel acquires Klöckner at €11.00/share; pro forma FY25 net loss $12.4M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquisition of Klöckner & Co SE completed June 3, 2026 for €11.00 cash per share.","Pro forma FY25 (year ended May 31, 2025): net sales $9,216.1M, net loss attributable to controlling interest $(12.4)M, EPS $(0.25).","Pro forma nine months ended Feb 28, 2026: net sales $7,221.7M, net earnings $50.5M, diluted EPS $0.56.","Financing via $700M 7.75% senior notes due 2033 and $700M term loan facility."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":1908790000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1646476,"accession_number":"0001193125-26-304049","cik":1968487,"company_name":"Worthington Steel, Inc.","ticker":"WS","form_type":"8-K","filed_at":"2026-07-15T11:24:02+00:00","items":["7.01","9.01"],"status":"ready","headline":"Worthington Steel begins acceptance period for delisting tender offer of Kloeckner at EUR 11.00/share","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Cash consideration of EUR 11.00 per Kloeckner share; acceptance period runs July 15 to August 12, 2026.","Worthington Steel currently holds approximately 62% of Kloeckner's outstanding shares.","Delisting Offer is not subject to any closing conditions or minimum acceptance threshold.","Following delisting, Kloeckner shares will no longer trade on a regulated market, reducing liquidity.","Offer document approved by German regulator Bafin; details available at www.strong-for-good.com."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":1908790000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1581562,"accession_number":"0001968487-26-000020","cik":1968487,"company_name":"Worthington Steel, Inc.","ticker":"WS","form_type":"8-K/A","filed_at":"2026-07-10T20:30:15+00:00","items":["2.02","9.01"],"status":"ready","headline":"Worthington Steel corrects Q4 FY2026 results: operating loss $74.5M, adds impairment charges","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $929.2M (+12% YoY); operating loss $74.5M vs prior income $66.4M due to Electrical Steel impairments.","Net loss per diluted share $1.15; adjusted EPS $0.75 vs $1.05 YoY.","Correction adds $73.5M long-lived asset impairment and $13.0M Bridge loan commitment costs.","Completed Kloeckner acquisition on June 3, 2026, securing ~62% stake at €11.00/share.","Declared $0.16 quarterly dividend, payable Sept 29, 2026 to holders of record Sept 15."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":1908790000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1361408,"accession_number":"0001968487-26-000018","cik":1968487,"company_name":"Worthington Steel, Inc.","ticker":"WS","form_type":"8-K","filed_at":"2026-06-30T20:30:17+00:00","items":["1.01","1.02","2.03","9.01"],"status":"ready","headline":"Worthington Steel enters $550M ABL facility to refinance prior credit and fund Klöckner acquisition","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New $550M asset-based revolving credit facility matures June 25, 2031; replaces $550M facility that would have matured Nov 30, 2028.","Facility includes uncommitted $200M accordion and committed increase up to $650M for Klöckner acquisition.","Proceeds used for Klöckner acquisition transactions, working capital, and general corporate purposes.","Borrowings bear interest at SOFR plus 1.25%-1.375% or base rate plus 0.25%-0.375%, depending on excess availability.","Requires minimum fixed charge coverage ratio of 1.00x when excess availability falls below thresholds."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":1908790000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1258397,"accession_number":"0001968487-26-000015","cik":1968487,"company_name":"Worthington Steel, Inc.","ticker":"WS","form_type":"8-K","filed_at":"2026-06-25T10:30:23+00:00","items":["2.02","5.02","8.01","9.01"],"status":"ready","headline":"Worthington Steel Q4: net loss $0.98/share, adj. EPS $0.74; completes Kloeckner acquisition","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $929.2M (+12% YoY); net loss $48.7M vs net earnings $55.7M; operating loss of $57.6M due to impairments and acquisition costs.","Adjusted EPS $0.74 vs $1.05; Adjusted EBIT $54.0M vs $70.1M; quarterly dividend $0.16 declared.","Completed Kloeckner acquisition post-quarter: ~62% stake acquired at €11.00/share.","Steven R. Witt retired as Corporate Controller; Gwen Joseph appointed with $255K salary and $200K equity award."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":1908790000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":815276,"accession_number":"0001193125-26-254547","cik":1968487,"company_name":"Worthington Steel, Inc.","ticker":"WS","form_type":"8-K","filed_at":"2026-06-03T10:47:52+00:00","items":["2.01","7.01","9.01"],"status":"ready","headline":"Worthington Steel completes €576M acquisition of Kloeckner & Co, secures ~62% stake","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Completed voluntary takeover of Kloeckner on June 3, 2026; holds ~62% of outstanding shares.","Total aggregate consideration for tendered shares was €576,284,588 (~52.4M shares at €11.00 each).","Intends to launch a public delisting tender offer at €11.00 per share for remaining Kloeckner shares.","Plans to negotiate a Domination and Profit and Loss Transfer Agreement (DPLTA) to gain control.","Used proceeds from notes offering, term loan, and cash on hand to fund the acquisition."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":1908790000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":808196,"accession_number":"0001193125-26-253821","cik":1968487,"company_name":"Worthington Steel, Inc.","ticker":"WS","form_type":"8-K","filed_at":"2026-06-02T21:06:49+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"Worthington Steel prices $700M 7.75% notes due 2033 and $700M term loan for Klöckner acquisition","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $700M 7.750% senior secured notes due 2033; $700M term loan B at SOFR+4.00% or base rate+3.00%.","Note offering decreased from $900M, term loan increased from $500M; proceeds fund Klöckner acquisition.","Klöckner acquisition expected to close on June 3, 2026, at €11.00 per share cash consideration.","Notes subject to special mandatory redemption at 100% if acquisition not completed by March 12, 2027.","Revolving credit facility amended to align collateral; no financial covenant in term loan."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1908790000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":676996,"accession_number":"0001193125-26-240393","cik":1968487,"company_name":"Worthington Steel, Inc.","ticker":"WS","form_type":"8-K","filed_at":"2026-05-27T10:28:20+00:00","items":["7.01"],"status":"ready","headline":"Worthington Steel receives final German merger clearance; Klöckner deal closing June 3","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["German Federal Cartel Office granted merger control clearance on May 27, 2026, fulfilling the final regulatory condition for the Klöckner acquisition.","All conditions for the voluntary public cash takeover offer at €11.00 per share are now satisfied.","Transaction expected to close on June 3, 2026.","Initial acceptance period expired March 26; additional acceptance period closed April 14."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1908790000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":649877,"accession_number":"0001193125-26-237932","cik":1968487,"company_name":"Worthington Steel, Inc.","ticker":"WS","form_type":"8-K","filed_at":"2026-05-26T12:12:38+00:00","items":["7.01","9.01"],"status":"ready","headline":"Worthington Steel launches $900M notes offering for Klöckner acquisition; regulatory clearance pending","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["WS Escrow LLC offers $900M aggregate principal of senior secured notes due 2033 to fund pending Klöckner acquisition.","Net proceeds together with term loan borrowings will fund consideration, shareholder loans, repay debt, and transaction costs.","Acquisition tender offer closed April 14, 2026; regulatory conditions remain and must be satisfied by March 12, 2027.","Notes offering not conditioned on acquisition; if not consummated by March 12, 2027, special mandatory redemption at 100%.","Klöckner audited FY2025 and interim Q1 2026 financials and Worthington pro forma combined statements included as exhibits."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1908790000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":111386,"accession_number":"0001193125-26-133381","cik":1968487,"company_name":"Worthington Steel, Inc.","ticker":"WS","form_type":"8-K","filed_at":"2026-03-31T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Worthington Steel exceeds 57.5% minimum acceptance in Kloeckner & Co tender offer","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Secured ~58.8% of Kloeckner issued share capital, surpassing the 57.5% threshold.","Additional acceptance period runs April 1–14, 2026 for remaining shareholders.","Offer price of €11.00/share (98% premium to undisturbed 3-month VWAP).","Completion expected in H2 2026, subject to regulatory approvals.","Worthington Steel plans DPLTA and potential delisting or squeeze-out post-closing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1908790000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":111385,"accession_number":"0001968487-26-000003","cik":1968487,"company_name":"Worthington Steel, Inc.","ticker":"WS","form_type":"8-K","filed_at":"2026-03-26T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Worthington Steel Q3 revenue up 12% to $770M; EPS $0.20; announces Kloeckner tender offer at €11/share","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $769.8M (+12% YoY); operating income $3.1M vs $18.3M; GAAP EPS $0.20 vs $0.27.","Adjusted EPS $0.27 vs $0.35; adjusted EBIT $20.0M vs $25.3M.","Announced voluntary tender offer for Kloeckner & Co SE at €11/share; close expected H2 2026.","Declared quarterly dividend $0.16/share, payable June 26, record June 12."],"consensus_eps_estimate":null,"consensus_eps_actual":1.3,"consensus_revenue_estimate":null,"consensus_revenue_actual":2514600000.0,"consensus_period":"2026-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1908790000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":111384,"accession_number":"0001193125-26-099427","cik":1968487,"company_name":"Worthington Steel, Inc.","ticker":"WS","form_type":"8-K","filed_at":"2026-03-10T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Worthington Steel lowers Kloeckner takeover threshold to 57.5%; secures 56.9% of shares as of March 9","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Minimum acceptance threshold reduced from 65% to 57.5%; acceptance period extended to March 26, 2026.","Worthington Steel secured ~56.9% of Kloeckner issued share capital as of March 9, 2026.","Offer price remains €11.00 per share (98% premium to undisturbed 3-month VWAP).","Kloeckner boards recommend offer; no increase in price or other changes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1908790000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":111383,"accession_number":"0001193125-26-019521","cik":1968487,"company_name":"Worthington Steel, Inc.","ticker":"WS","form_type":"8-K","filed_at":"2026-01-22T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Worthington Steel enters into business combination agreement to acquire Klöckner & Co SE for €11.00 per share","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Bidder Worthington Steel GmbH launched a voluntary public cash tender offer at €11.00 per Kloeckner share.","SWOCTEM, holder of ~42% of Kloeckner shares, entered into irrevocable undertaking to accept the offer.","Worthington Steel secured equity commitment of up to €1,632,000,000 and debt financing commitments of US$1.9 billion.","Offer subject to regulatory clearances, minimum 65% acceptance threshold, and other conditions.","Company amended its revolving credit facility to permit consummation of the offer."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":1908790000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":127999,"accession_number":"0001193125-25-326924","cik":1968487,"company_name":"Worthington Steel, Inc.","ticker":"WS","form_type":"8-K","filed_at":"2025-12-19T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Worthington Steel Q2 FY2026: Net sales up 18% to $872M; adj. EPS $0.38 vs $0.19","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $871.9M (+18% YoY); operating income $21.7M vs $18.9M.","Adjusted diluted EPS $0.38 vs $0.19; reported diluted EPS $0.37 vs $0.25.","Adjusted EBIT $26.6M nearly doubled from $14.3M; volume 902K tons (-3.6% YoY).","Quarterly dividend declared at $0.16/share, payable March 27, 2026 to holders of record March 13, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":1.1,"consensus_revenue_estimate":null,"consensus_revenue_actual":1744800000.0,"consensus_period":"2026-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1908790000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":144778,"accession_number":"0001193125-25-223315","cik":1968487,"company_name":"Worthington Steel, Inc.","ticker":"WS","form_type":"8-K","filed_at":"2025-09-29T23:59:59+00:00","items":["2.02","5.07","8.01","9.01"],"status":"ready","headline":"Worthington Steel Q1 EPS $0.72 ($0.77 adj.) vs $0.56; revenue $872.9M (+5%); Sitem acquisition closed","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $872.9M, up 5% YoY on improved pricing/mix despite 7% lower volume (928,866 tons).","Operating income $48.3M vs $43.4M; adjusted EBIT $54.9M vs $39.4M.","Completed acquisition of 52% of Italian S.I.T.E.M. S.p.A. on June 3, 2025.","Quarterly dividend of $0.16 declared, payable Dec 26 to holders of record Dec 12.","Net earnings per diluted share $0.72 vs $0.56; adjusted EPS $0.77 vs $0.56."],"consensus_eps_estimate":null,"consensus_eps_actual":0.72,"consensus_revenue_estimate":null,"consensus_revenue_actual":872900000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1908790000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":163185,"accession_number":"0000950170-25-090889","cik":1968487,"company_name":"Worthington Steel, Inc.","ticker":"WS","form_type":"8-K","filed_at":"2025-06-27T23:59:59+00:00","items":["2.02","5.02","8.01","9.01"],"status":"ready","headline":"Worthington Steel Q4 revenue down 9% to $832.9M; adjusted EPS $1.05 vs $1.06; Sitem acquisition closed","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net sales $832.9M, down 9% YoY; volume 982K tons vs 1.03M tons.","Net earnings attributable to controlling interest $55.7M vs $53.2M; diluted EPS $1.10 vs $1.06.","Adjusted diluted EPS $1.05 vs $1.06; adjusted EBIT $70.1M vs $70.4M.","Closed acquisition of controlling stake in Italy-based Sitem Group on June 3, 2025.","Quarterly dividend $0.16/share declared, payable Sep 26, 2025; Mark Davis appointed to board."],"consensus_eps_estimate":0.4017,"consensus_eps_actual":2.19,"consensus_revenue_estimate":null,"consensus_revenue_actual":3093300000.0,"consensus_period":"2025-FY","consensus_source":"xbrl+finnhub","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":1908790000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181101,"accession_number":"0000950170-25-047709","cik":1968487,"company_name":"Worthington Steel, Inc.","ticker":"WS","form_type":"8-K","filed_at":"2025-03-31T23:59:59+00:00","items":["1.01","2.03"],"status":"ready","headline":"Tempel Canada enters CAD $57.5M loan with BDC to build new manufacturing facility","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Subsidiary Tempel Canada entered loan of up to CAD $57.5M from BDC for a new Burlington, Ontario facility.","Construction draw loan; 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