Worthington Steel Q1 FY27: net loss $7.0M, sales up 212% to $2.73B on Kloeckner deal

Worthington Steel, Inc.

Net sales $2,726.6M, up 212% YoY from $872.9M, on volume of 1.94M tons vs 928,866; operating income $56.0M vs $48.3M.
Net loss attributable to controlling interest of $7.0M vs $36.8M profit a year ago; diluted EPS -$0.14 vs $0.73; adjusted diluted EPS $0.57 vs $0.77.
Adjusted EBIT $78.5M vs $55.5M; adjusted EBITDA $111.0M vs $78.8M; legacy Worthington Steel adjusted EBITDA $75.1M on 604,289 direct tons.
Kloeckner: ~62% stake closed June 3, 2026; EUR 11.00/share delisting tender; Frankfurt delisting Aug 12; stake now 62.11%; DPLTA signed Sept 8, effective no earlier than Jan 1, 2027.
Quarterly dividend of $0.16/share declared, payable Dec 28, 2026 to holders of record Dec 14; CEO Geoff Gilmore cites higher direct volumes and improved pricing.

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