earnings
confidence high
sentiment neutral
materiality 0.70
Worthington Steel Q2 net earnings $12.8M, revenue down 9%; acquires Sitem Group stake; declares $0.16 dividend
Worthington Steel, Inc.
2025-Q2 EPS
reported $0.82
vs consensus $0.85
▼ miss
(-3.5%)
- Q2 net earnings $12.8M ($0.25/sh) vs loss $6.0M; adjusted EPS $0.19 vs $0.11.
- Net sales $739M, down 9% YoY; volume 936k tons down 3%.
- Automotive volume down 2% but one Detroit 3 customer cut >30%; construction down 20%.
- Agreed to acquire 52% stake in Sitem Group, Europe electric motor lamination producer, close early 2025.
- Quarterly dividend $0.16/sh declared, payable March 28, 2025, record March 14, 2025.