olivLaw · US equity research
Worthington Steel, Inc. WS
Steel Works, Blast Furnaces & Rolling & Finishing Mills · SIC 3310 · Vertical: Steel Works, Blast Furnaces & Rolling & Finishing Mills (SIC 3310)
Worthington Steel is one of North America's value-added metals processors, focused mainly on flat-rolled carbon steel and electrical steel laminations. The company entered 2026 in a transformation phase after acquiring a majority stake in Kloeckner & Co, which substantially changed its scale, with quarterly net sales rising to 2726.6 million USD.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Worthington Steel, Inc. (WS) stock was 40.48 USD (+0.62% on the day), with market capitalisation 2.1 bn USD, dividend yield 1.58%, beta 1.43, 52-week range 28.10–48.69 USD. Latest reported quarter (Q1 2027): revenue of 2.7 bn USD (+212.4% YoY), net income of -10.0 m USD (−127.2% YoY), diluted EPS -0.20 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 54.2
- neutral
- Bollinger (20, 2)
- 36.09 – 44.23
- in the upper half of the band · %B 0.54 · band width 20.3%
- SMA 50 / 200
- 37.07 / 37.67
- mixed trend
- MACD (12, 26, 9)
- 1.21 / 1.41
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +3.5% | −1.1% | +4.6 pp | — |
| 3 months | +6.3% | −0.5% | +6.7 pp | — |
| 6 months | −3.3% | +4.4% | −7.7 pp | — |
| Year to date | +16.9% | +12.3% | +4.6 pp | — |
| 1 year | +31.2% | +13.5% | +17.7 pp | +6.4% |
| 3 years | unavailable | +76.4% | unavailable | +4.4% |
| 5 years | unavailable | +63.7% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q1 2027 · 31 Aug 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 739.0 m | 687.4 m | 832.9 m | 872.9 m | 871.9 m | 769.8 m | 929.2 m | 2.7 bn |
| Cost of revenue | 659.0 m | 606.2 m | 705.9 m | 757.7 m | 778.7 m | 693.7 m | 810.4 m | 2.5 bn |
| Gross profit | 80.0 m | 81.2 m | 127.0 m | 115.2 m | 93.2 m | 76.1 m | 118.8 m | 261.2 m |
| SG&A | 61.1 m | 54.6 m | 58.9 m | 67.9 m | 70.9 m | 77.5 m | 81.1 m | 208.8 m |
| Operating income | 18.9 m | 18.3 m | 66.4 m | 48.3 m | 21.7 m | 3.1 m | -74.5 m | 56.0 m |
| Depreciation & amortisation | 16.3 m ≈ | 16.6 m ≈ | 16.9 m | 20.3 m | 21.7 m ≈ | 21.6 m ≈ | 20.6 m | 27.8 m |
| Interest expense | 2.1 m | 1.4 m | 1.0 m | 2.9 m | 2.7 m | 2.1 m | 20.7 m | 38.8 m |
| Pre-tax income | 19.7 m | 17.1 m | 75.1 m | 52.0 m | 25.7 m | 14.3 m | -84.9 m | 12.0 m |
| Income tax | 3.6 m | 5.0 m | 16.2 m | 13.4 m | 4.2 m | 3.5 m | -1.1 m | 12.1 m |
| Net income | 12.8 m | 13.8 m | 55.7 m | 36.8 m | 18.8 m | 10.4 m | -57.5 m | -10.0 m |
| Diluted EPS | 0.25 | 0.27 | 1.10 ≈ | 0.73 | 0.37 | 0.20 | -1.13 ≈ | -0.20 |
| Operating cash flow | 68.0 m ≈ | 53.8 m ≈ | 53.9 m | -6.3 m | 99.3 m ≈ | 63.3 m ≈ | 44.9 m | — |
| Capex | 34.8 m ≈ | 28.6 m ≈ | 45.5 m | 29.4 m | 24.7 m ≈ | 30.0 m ≈ | 37.1 m | 63.0 m |
| Dividends paid | 7.9 m ≈ | 8.0 m ≈ | 8.0 m | 8.1 m | 8.4 m ≈ | 8.1 m ≈ | 8.0 m | 8.2 m |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | 4.1 bn | 3.6 bn | 3.4 bn | 3.1 bn | 3.4 bn |
| Revenue YoY | unavailable | −11.3% | −4.9% | −9.8% | +11.3% |
| Net income | 180.4 m | 87.1 m | 154.7 m | 110.7 m | 8.5 m |
| Net income YoY | unavailable | −51.7% | +77.6% | −28.4% | −92.3% |
| Diluted EPS | 3.66 | 1.77 | 3.11 | 2.19 | 0.17 |
| Diluted EPS YoY | unavailable | −51.6% | +75.7% | −29.6% | −92.2% |
| net % | 4.4% | 2.4% | 4.5% | 3.6% | 0.2% |
| Free cash flow | 3.1 m | 269.5 m | 96.1 m | 99.9 m | 80.0 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 31 May 2026
- Cash
- 84.6 m USD
- Financial debt
- 256.8 m USD
- Net debt
- 172.2 m USD
- Equity
- 1.2 bn USD
- Total assets
- 2.3 bn USD
- Debt / equity
- 0.21x
- Current ratio
- 1.46x
- ROE
- 0.7%
- ROA
- 0.4%
- FCF margin
- 2.3%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|
| Revenue | 4.1 bn | 3.6 bn | 3.4 bn | 3.1 bn | 3.4 bn | SEC (XBRL)· 30 Jul 2026verified |
| Cost of revenue | 3.7 bn | 3.3 bn | 3.0 bn | 2.7 bn | 3.0 bn | SEC (XBRL)· 30 Jul 2026verified |
| Gross profit | 395.5 m | 336.5 m | 439.8 m | 388.6 m | 403.3 m | SEC (XBRL)· 30 Jul 2026verified |
| SG&A | 180.3 m | 200.8 m | 224.4 m | 231.6 m | 297.4 m | SEC (XBRL)· 30 Jul 2026verified |
| Operating income | 226.6 m | 120.3 m | 194.5 m | 147.0 m | -1.4 m | SEC (XBRL)· 30 Jul 2026verified |
| Depreciation & amortisation | 59.5 m | 69.6 m | 65.3 m | 66.0 m | 84.2 m | SEC (XBRL)· 30 Jul 2026verified |
| EBITDA | 286.1 m ≈ | 189.9 m ≈ | 259.8 m ≈ | 213.0 m ≈ | 82.8 m ≈ | SEC (XBRL)· 30 Jul 2026derived |
| Interest expense | 3.0 m | 3.0 m | 6.0 m | 7.1 m | 28.4 m | SEC (XBRL)· 30 Jul 2026verified |
| Pre-tax income | 254.3 m | 128.7 m | 216.2 m | 148.1 m | 7.1 m | SEC (XBRL)· 30 Jul 2026verified |
| Income tax | 54.0 m | 29.0 m | 46.1 m | 28.8 m | 20.0 m | SEC (XBRL)· 30 Jul 2026verified |
| Net income | 180.4 m | 87.1 m | 154.7 m | 110.7 m | 8.5 m | SEC (XBRL)· 30 Jul 2026verified |
| Diluted EPS | 3.66 | 1.77 | 3.11 | 2.19 | 0.17 | SEC (XBRL)· 30 Jul 2026verified |
| Weighted average diluted shares | 49.3 m | 49.3 m | 49.8 m | 50.5 m | 50.8 m | SEC (XBRL)· 30 Jul 2026verified |
| Dividend per share | — | — | 0.32 | 0.64 | 0.64 | SEC (XBRL)· 30 Jul 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|
| Cash | 20.1 m | 32.7 m | 40.2 m | 38.0 m | 84.6 m | SEC (XBRL)· 30 Jul 2026verified |
| Receivables | — | 468.0 m | 472.6 m | 438.7 m | 496.2 m | SEC (XBRL)· 30 Jul 2026verified |
| Inventories | — | 414.8 m | 405.3 m | 422.0 m | 415.7 m | SEC (XBRL)· 30 Jul 2026verified |
| Current assets | — | 980.9 m | 1.0 bn | 1.0 bn | 1.1 bn | SEC (XBRL)· 30 Jul 2026verified |
| Property, plant & equipment, net | — | 414.4 m | 474.8 m | 548.2 m | 649.3 m | SEC (XBRL)· 30 Jul 2026verified |
| Goodwill | 80.0 m | 78.6 m | 79.6 m | 79.6 m | 44.5 m | SEC (XBRL)· 30 Jul 2026verified |
| Intangibles (excl. goodwill) | — | 83.4 m | 77.0 m | 67.9 m | 77.3 m | SEC (XBRL)· 30 Jul 2026verified |
| Total assets | — | 1.8 bn | 1.9 bn | 2.0 bn | 2.3 bn | SEC (XBRL)· 30 Jul 2026verified |
| Accounts payable | — | 402.2 m | 380.4 m | 402.5 m | 424.0 m | SEC (XBRL)· 30 Jul 2026verified |
| Short-term debt | — | 22.8 m | 148.0 m | 149.2 m | 212.4 m | SEC (XBRL)· 30 Jul 2026verified |
| Long-term debt | — | 0 | 0 | 2.3 m | 44.4 m | SEC (XBRL)· 30 Jul 2026verified |
| Current liabilities | — | 478.4 m | 618.4 m | 631.5 m | 775.8 m | SEC (XBRL)· 30 Jul 2026verified |
| Total liabilities | — | 609.8 m | 748.9 m | 763.9 m | 989.5 m | SEC (XBRL)· 30 Jul 2026verified |
| Equity | 1.3 bn | 1.2 bn | 1.1 bn | 1.2 bn | 1.2 bn | SEC (XBRL)· 30 Jul 2026verified |
Cash flow · USD
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|
| Operating cash flow | 39.5 m | 315.0 m | 199.5 m | 230.3 m | 201.2 m | SEC (XBRL)· 30 Jul 2026verified |
| Capex | 36.4 m | 45.5 m | 103.4 m | 130.4 m | 121.2 m | SEC (XBRL)· 30 Jul 2026verified |
| Free cash flow | 3.1 m ≈ | 269.5 m ≈ | 96.1 m ≈ | 99.9 m ≈ | 80.0 m ≈ | SEC (XBRL)· 30 Jul 2026derived |
| Investing cash flow | -395.3 m | -22.2 m | -123.2 m | -129.1 m | -213.4 m | SEC (XBRL)· 30 Jul 2026verified |
| Financing cash flow | 358.4 m | -280.2 m | -68.8 m | -48.5 m | 3.0 m | SEC (XBRL)· 30 Jul 2026verified |
| Dividends paid | 0 | 0 | 7.9 m | 31.9 m | 32.6 m | SEC (XBRL)· 30 Jul 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 15 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 2.1 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation12
- Returns42
- Quality13
- Balance sheet17
- Growth0
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 1.59 – 19.58 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)1.59 – 19.58 (Mid 1.59)WACC 7.1% · starting FCFF 100.4 m USD · terminal value share of EV 80%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): 30.0%
- Peers: EV/EBITDAunavailable · not enough peers
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)8.41 – 11.31 (Mid 9.65)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 15/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 0.2% | 0 (on a fixed band) | 13% |
| Net margin · Quality | -0.7% | 33 (vs peers) | 8% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -1.5% | 0 (on a fixed band) | 10% |
| EPS CAGR 3Y · Growth | -54.2% | 0 (on a fixed band) | 10% |
| Net debt / EBITDA · Balance sheet | 19.9x | 0 (on a fixed band) | 13% |
| Interest coverage · Balance sheet | 0.1x | 0 (on a fixed band) | 8% |
| Current ratio · Balance sheet | 1.8x | 85 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | 41.0x | 0 (on a fixed band) | 13% |
| FCF yield · Valuation | 2.2% | 28 (on a fixed band) | 10% |
| Shareholder yield (distributions) · Returns | 1.6% | 23 (on a fixed band) | 8% |
| Payout ratio (FCF) · Returns | 70.5% | 71 (on a fixed band) | 5% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet17/100 · 3/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality13/100 · 2/3 factors with a value
- Returns42/100 · 2/2 factors with a value
- Valuation12/100 · 2/3 factors with a value
Memo
WORTHINGTON STEEL, INC. (WS). Latest full fiscal year: 2026; data up to 2026-08-31.
Figures computed from the financial statements: revenue 3.4 bn USD in 2026; YoY growth 11.3%; net margin -0.7%; ROE -3.6%; net debt/EBITDA 19.9x.
The estimated value range is 5.00–15.45 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 5.62 USD, the price of 40.48 USD leaves a potential of -86.1% (value / price − 1) and a margin of safety of -620.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 15/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 1.8x
- Payout ratio (FCF): 70.5%
What contradicts it
- ROIC: 0.2%
- Revenue CAGR 3Y: -1.5%
- EPS CAGR 3Y: -54.2%
- Net debt / EBITDA: 19.9x
- Interest coverage: 0.1x
- EV/EBITDA: 41.0x
- FCF yield: 2.2%
- Shareholder yield (distributions): 1.6%
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): FCF conversion, P/E (TTM).
Versus the vertical median
Steel Works, Blast Furnaces & Rolling & Finishing Mills (SIC 3310) · same industry (4-digit SIC) · compared with 6 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| WORWorthington Enterprises, Inc | 3.2 bn | 19.6 | 16.3% | 11.5% | +19.7% | +18% / +47% |
| WSWorthington Steel, Inc. | 2.1 bn | — | -3.6% | -0.7% | +11.3% | +31% / unavailable |
| ROCKGibraltar Industries, Inc. | 1.3 bn | — | -15.6% | -10.4% | +11.0% | −13% / −35% |
| IIINInsteel Industries Inc. | 559.5 m | 19.1 | 7.9% | 4.0% | +14.2% | −5% / −15% |
| FRDFriedman Industries Inc | 279.8 m | 17.9 | 10.4% | 2.7% | −13.9% | +91% / +223% |
| GGBGerdau S.A. | — | — | 2.5% | 2.0% | +4.2% | +28% / +24% |
| SIDNational Steel Co | — | — | -17.4% | -5.9% | −3.9% | −51% / −76% |
1- and 3-year price returns: for WS from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 07 Oct 2026; since then the company filed 10-Q (13 Oct 2026).
In brief
Worthington Steel is one of North America's value-added metals processors, focused mainly on flat-rolled carbon steel and electrical steel laminations. The company entered 2026 in a transformation phase after acquiring a majority stake in Kloeckner & Co, which substantially changed its scale, with quarterly net sales rising to 2726.6 million USD 2.
SWOT
Strengths
- The company holds a leading position in the North American carbon flat-rolled steel and tailor welded blank markets, with a cost structure advantaged by its scale.
- The service mix combines direct sales with toll processing, allowing adaptation to seasonal demand.
- The majority acquisition of Kloeckner broadened the service portfolio and represents an important step toward operating control.
Weaknesses
- High exposure to the automotive industry makes results dependent on the programs of a small number of large producers.
- In fiscal 2026 the company recorded goodwill and asset impairments in its electrical steel business, weighing on results.
- Acquisition-related financing and advisory costs significantly increased selling, general and administrative expense.
Opportunities
- If tariffs and market conditions favor domestic production, the company could capture more volume from imports.
- Integrating Kloeckner could open access to new European markets and higher value-added services.
- If interest rates decline, demand in construction, heavy trucks and automotive could recover.
Threats
- Tariff policy remains volatile, and changes could quickly reshape customers' supply chains.
- A fall in steel prices could lead to inventory losses and inventory write-downs.
- Competition from foreign producers and service centers could pressure margins and volumes.
Risks
- Kloeckner integrationhigh
The profit transfer arrangement depends on shareholder approvals and legal registration that cannot take effect before a set date 2. Failure or delay in integration could affect results.
- Dependence on the automotive industryhigh
A large share of sales comes from a concentrated group of automotive customers whose production schedules can change quickly, affecting volumes.
- Steel price volatilitymedium
Gains and losses on inventory depend on the hot-rolled coil price, and declines can generate inventory losses 1.
- Asset impairmentmedium
In fiscal 2026 the company recognized goodwill and asset impairments in electrical steel, indicating persistent pressure in certain segments 1.
- Trade policylow
Changes in tariffs and court decisions can quickly alter import and export conditions, with effects on demand and prices.
Investment thesis
What would need to be true (bull case)
- If the Kloeckner integration proceeds as planned, the company could become a more diversified processor with more stable revenue across several regions.
- Growing direct sales and volumes to automotive customers, combined with better pricing, could support margins in coming quarters.
- Lower steel imports and tighter domestic supply could support prices and the use of domestic capacity.
What would break the thesis
- If automotive demand declines, the company's high exposure could amplify the effect on revenue.
- Integration and transaction costs could continue to weigh on profitability in the period ahead.
- If steel prices correct quickly, inventory gains could turn into losses and margins could be compressed.
What to watch
- Approval status and effect of the profit transfer agreement with Kloeckner2027
- Evolution of inventory holding gains and the hot-rolled coil priceQ2 2027
- Impact of tariff policy on imports and domestic prices2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 07 Oct 2026; since then the company filed 10-Q (13 Oct 2026).
The business
Worthington Steel processes flat-rolled steel coils, sourced mainly from North American mills, into the type, thickness, width and surface quality required by customers. It sells steel directly, taking on the risks and rewards of ownership of the material, and also offers toll processing for customer-owned material on a fee basis. The company operates on a products and services basis with controlling interests in several joint ventures, and its facilities can shift between direct sales and toll processing depending on demand. Net sales in fiscal 2026 were 3443.8 million USD 1.
Segments
Electrical steel and Kloeckner
The electrical steel business is one of the largest global producers in its niche, but in fiscal 2026 it recorded goodwill impairment amid foreign competition and delayed automotive program launches. The Kloeckner acquisition, with an ownership stake of about 62.11% 2, added a European steel distribution and processing component that dominated revenue growth in the first quarter of fiscal 2027.
Trends
- Interest rates and industrial demandheadwind
Demand in non-automotive sectors remained cautious, with customers inventory-disciplined and sensitive to borrowing costs, and construction and heavy truck volumes fell in fiscal 2026 1. If interest rates ease further, economic activity could recover, but timing is uncertain.
- Raw material price effectmixed
Inventory holding gains linked to rising hot-rolled coil prices moved from estimated losses in fiscal 2025 to estimated gains in fiscal 2026 1. If steel prices fall quickly, these gains could reverse into inventory losses.
Competitive position
The steel processing industry is fragmented and highly competitive, with competition based mainly on price, product quality and the ability to meet delivery requirements 1. In the service center and construction markets the company noted increased competition that reduced its volumes 1. Competitors vary by product, service and geography, and the sources do not give a complete list.
- Serviacero
A joint venture in which the company holds an interest, accounted for under the equity method, which both competes and cooperates in the North American market.
- Regional steel service centers
Regional competitors processing flat-rolled steel that gained share in the construction and service center segments, according to the sources.
- Electrical steel producers
Competitors in Europe and Asia that intensified pressure on the industrial motor segment, contributing to asset impairments.
- Imported flat-rolled steel suppliers
The sources show that imports declined, but they remain a variable in domestic pricing and competition.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- A Network Approach to Geopolitics -- by Ernest Liu, Stephen J. Redding, Bennett Smith-Worthington, David Y. YangNBER — New Working Papers · 26 Oct 2026 · EN
- Stocks making the biggest moves midday: Goldman Sachs, Webull, Worthington Steel, Micron & moreCNBC — Top News · 07 Oct 2026 · EN
- Stocks making the biggest moves midday: McDonald's, Cracker Barrel, Alibaba, Worthington & moreCNBC — Top News · 23 Sept 2026 · EN
- Stocks making the biggest moves premarket: IonQ, Maplebear, Worthington & moreCNBC — Top News · 23 Sept 2026 · EN
- Why Worthington Enterprises Stock Jumped 10% TodayYahoo Finance — News · 16 Sept 2026 · EN
- Worthington Steel Raises $1.4 Billion for Klöeckner TakeoverBloomberg Markets · 28 May 2026 · EN
SEC filings
- Current report23 Oct 2026Regulation FD disclosure · Financial statements and exhibits
- Current report21 Oct 2026Regulation FD disclosure · Financial statements and exhibits
- Quarterly report13 Oct 2026
- Current report07 Oct 2026Results of operations · Other events · Financial statements and exhibits
- Current report24 Sept 2026Shareholder vote
- Current report08 Sept 2026Material agreement · Regulation FD disclosure · Financial statements and exhibits
- Current report (amendment)19 Aug 2026Acquisition or disposition of assets · Financial statements and exhibits
- Proxy statement14 Aug 2026
- Annual report30 Jul 2026
- Current report15 Jul 2026Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-05-31 · SEC / Worthington Steel, Inc. · 30 Jul 2026
- [2] Form 8-K, results release (exhibit 99.1) · SEC / Worthington Steel, Inc. · 07 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.