Worthington Steel acquires Klöckner at €11.00/share; pro forma FY25 net loss $12.4M

Worthington Steel, Inc.

Acquisition of Klöckner & Co SE completed June 3, 2026 for €11.00 cash per share.
Pro forma FY25 (year ended May 31, 2025): net sales $9,216.1M, net loss attributable to controlling interest $(12.4)M, EPS $(0.25).
Pro forma nine months ended Feb 28, 2026: net sales $7,221.7M, net earnings $50.5M, diluted EPS $0.56.
Financing via $700M 7.75% senior notes due 2033 and $700M term loan facility.

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