---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-072749"
form_type: "8-K"
ticker: "WS"
cik: "0001968487"
company_name: "Worthington Steel, Inc."
filed_at: "2023-12-22T23:59:59+00:00"
generated_at: "2026-06-07T08:26:00.923450+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Worthington Steel Q2 net loss narrows to $6M; first dividend $0.16/share; spin-off completed

## Summary
- Net sales $808M, net loss $6M ($0.12 loss per diluted share) vs net loss $15.8M ($0.32 loss) in prior year quarter.
- Adjusted net earnings (Non-GAAP) $5.4M ($0.11 per share) vs adjusted net loss $11.7M ($0.24 loss) YoY.
- Acquired Voestalpine Automotive Components Nagold GmbH for ~$21M, establishing European presence.
- Entered $550M credit facility maturing Nov 2028; $175M drawn, $150M repaid to Worthington Enterprises.
- Completed spin-off from Worthington Enterprises on Dec 1, shares trade under WS; declared first dividend $0.16/share.

## SEC filing metadata
- accession: 0000950170-23-072749
- form_type: 8-K
- ticker: WS
- cik: 0001968487
- company_name: Worthington Steel, Inc.
- filed_at: 2023-12-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1968487/000095017023072749/0000950170-23-072749-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1968487/000095017023072749/ws-20231220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-072749
- JSON: https://secwatch.observer/filing/0000950170-23-072749.json
- Plain text: https://secwatch.observer/filing/0000950170-23-072749.txt

## Key facts
- Earnings Releases
  Worthington Steel, Inc. reported Fiscal 2024 Second Quarter Ended November 30, 2023 results: revenue $808.0 million, net income $6.0 million, EPS $0.12 per diluted share.
  - Period: Fiscal 2024 Second Quarter Ended November 30, 2023
  - Revenue: $808.0 million
  - Net income: $6.0 million
  - EPS: $0.12 per diluted share
  - Result: reported results
  source text: The Company reported net sales of $808.0 million and net loss attributable to controlling interest of $6.0 million, or $0.12 per diluted share, for its fiscal 2024 second quarter ended November 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1968487/000095017023072749/0000950170-23-072749-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.