secwatch.observer — SEC 8-K summary
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Issuer:     Worthington Steel, Inc. (WS)
CIK:        0001968487
Form:       8-K/A
Filed at:   2026-07-10T20:30:15+00:00
Accession:  0001968487-26-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1968487/000196848726000020/0001968487-26-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1968487/000196848726000020/ws-20260710.htm
  HTML page:      https://secwatch.observer/filing/0001968487-26-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer