Worthington Steel Q1 EPS $0.72 ($0.77 adj.) vs $0.56; revenue $872.9M (+5%); Sitem acquisition closed

Worthington Steel, Inc.

2026-Q1 EPS reported $0.72 revenue$872,900,000

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.

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