Worthington Steel Q4: net loss $0.98/share, adj. EPS $0.74; completes Kloeckner acquisition

Worthington Steel, Inc.

Net sales $929.2M (+12% YoY); net loss $48.7M vs net earnings $55.7M; operating loss of $57.6M due to impairments and acquisition costs.
Adjusted EPS $0.74 vs $1.05; Adjusted EBIT $54.0M vs $70.1M; quarterly dividend $0.16 declared.
Completed Kloeckner acquisition post-quarter: ~62% stake acquired at €11.00/share.
Steven R. Witt retired as Corporate Controller; Gwen Joseph appointed with $255K salary and $200K equity award.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Gwen Joseph

Corporate Controller and Principal Accounting Officer

WS · Worthington Steel, Inc.

Effective: 2026-06-23
Filed: June 25, 2026, 6:30 AM ET

Also on June 23, 2026, the Board of Directors of the Company appointed Gwen Joseph as Corporate Controller and Principal Accounting Officer of the Company, effective June 23, 2026.

Departed

Steven R. Witt

Corporate Controller and Principal Accounting Officer

WS · Worthington Steel, Inc.

Effective: 2026-06-23
Successor: Gwen Joseph
Filed: June 25, 2026, 6:30 AM ET

On June 23, 2026, Steven R. Witt announced his retirement from his position as Corporate Controller and Principal Accounting Officer of Worthington Steel, Inc. (the “Company”), effective June 23, 2026.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gwen Joseph was appointed as Corporate Controller and Principal Accounting Officer at Worthington Steel, Inc..

Action: appointed
Role: Corporate Controller and Principal Accounting Officer

Exact text from the filing

Also on June 23, 2026, the Board of Directors of the Company appointed Gwen Joseph as Corporate Controller and Principal Accounting Officer of the Company, effective June 23, 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven R. Witt retired as Corporate Controller and Principal Accounting Officer at Worthington Steel, Inc..

Action: retired
Role: Corporate Controller and Principal Accounting Officer

Exact text from the filing

On June 23, 2026, Steven R. Witt announced his retirement from his position as Corporate Controller and Principal Accounting Officer of Worthington Steel, Inc. (the “Company”), effective June 23, 2026.

View on SEC.gov

Worthington Steel, Inc. filing history →

Source: SEC EDGAR

accession 0001968487-26-000015

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