Worthington Steel corrects Q4 FY2026 results: operating loss $74.5M, adds impairment charges

Worthington Steel, Inc.

Net sales $929.2M (+12% YoY); operating loss $74.5M vs prior income $66.4M due to Electrical Steel impairments.
Net loss per diluted share $1.15; adjusted EPS $0.75 vs $1.05 YoY.
Correction adds $73.5M long-lived asset impairment and $13.0M Bridge loan commitment costs.
Completed Kloeckner acquisition on June 3, 2026, securing ~62% stake at €11.00/share.
Declared $0.16 quarterly dividend, payable Sept 29, 2026 to holders of record Sept 15.

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