---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-079047"
form_type: "8-K"
ticker: "WS"
cik: "0001968487"
company_name: "Worthington Steel, Inc."
filed_at: "2024-06-28T23:59:59+00:00"
generated_at: "2026-06-01T00:51:53.663248+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Worthington Steel Q4 net sales $911M (+3%), net earnings $53.2M (-21% YoY); declares $0.16 dividend

## Summary
- Net sales of $911.0M (+3% YoY); net earnings of $53.2M ($1.06 diluted EPS) vs $67.3M ($1.37) prior year.
- Adjusted diluted EPS of $1.06, down from $1.47 in prior year quarter; operating income $67.3M vs $89.8M.
- Gross margin declined $19.2M to $131.0M due to lower direct spreads and inventory holding loss of $3.4M vs prior year gain of $32.6M.
- Capital expenditures of $44.8M for strategic expansions in electrical steel operations in Mexico and Canada.
- Declared quarterly dividend of $0.16 per share, payable Sept 27, 2024; record date Sept 13, 2024.

## SEC filing metadata
- accession: 0000950170-24-079047
- form_type: 8-K
- ticker: WS
- cik: 0001968487
- company_name: Worthington Steel, Inc.
- filed_at: 2024-06-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1968487/000095017024079047/0000950170-24-079047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1968487/000095017024079047/ws-20240626.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-079047
- JSON: https://secwatch.observer/filing/0000950170-24-079047.json
- Plain text: https://secwatch.observer/filing/0000950170-24-079047.txt

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