---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-036589"
form_type: "8-K"
ticker: "WS"
cik: "0001968487"
company_name: "Worthington Steel, Inc."
filed_at: "2024-03-26T23:59:59+00:00"
generated_at: "2026-06-04T08:09:22.636251+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Worthington Steel Q3 net earnings surge to $49M ($0.98/sh) from $5.4M YoY; declares $0.16 dividend

## Summary
- Net earnings $49.0M ($0.98 diluted EPS) vs $5.4M ($0.11) in Q3 FY2023; net sales $805.8M, up 3% YoY.
- Quarterly dividend of $0.16 per share declared, payable June 28, 2024 to holders of record June 14, 2024.
- Special performance share awards for CEO Gilmore ($2.5M target), Exec Chairman Blystone ($1M), COO Klingler ($750k), CFO Adams ($700k) tied to 3-year ATSR and 5-year retention.
- Awards vest in one-third increments on 3rd, 4th, and 5th anniversaries if performance condition met; threshold at 50% of target, max at 150%.

## SEC filing metadata
- accession: 0000950170-24-036589
- form_type: 8-K
- ticker: WS
- cik: 0001968487
- company_name: Worthington Steel, Inc.
- filed_at: 2024-03-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1968487/000095017024036589/0000950170-24-036589-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1968487/000095017024036589/ws-20240320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-036589
- JSON: https://secwatch.observer/filing/0000950170-24-036589.json
- Plain text: https://secwatch.observer/filing/0000950170-24-036589.txt

## Key facts
- Earnings Releases
  Worthington Steel, Inc. reported the three months ended February 29, 2024 (the third quarter of fiscal 2024) and the nine months ended February 29, 2024 results: revenue $805.8 million, net income $49.0 million, EPS $0.98 per diluted share.
  - Period: the three months ended February 29, 2024 (the third quarter of fiscal 2024) and the nine months ended February 29, 2024
  - Revenue: $805.8 million
  - Net income: $49.0 million
  - EPS: $0.98 per diluted share
  - Result: reported results
  source text: Worthington Steel, Inc. (NYSE: WS) today reported financial results for the fiscal 2024 third quarter ended February 29, 2024. The Company reported net sales of $805.8 million and net earnings attributable to controlling interest of $49.0 million, or $0.98 per diluted share, for its fiscal 2024 third quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1968487/000095017024036589/0000950170-24-036589-index.htm

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