Worthington Steel reported third quarter fiscal 2026 results with net sales of $769.8 million, up 12% from prior year, operating income of $3.1 million, and net earnings attributable to controlling interest of $10.4 million or $0.20 diluted EPS. The board declared a quarterly cash dividend of $0.16 per common share, payable June 26, 2026 to shareholders of record June 12, 2026.
Key takeaways
Net sales $769.8 million for Q3 FY2026 ended February 28, 2026, up 12% from $687.4 million in Q3 FY2025
Operating income $3.1 million vs $18.3 million in Q3 FY2025
Net earnings attributable to controlling interest $10.4 million or $0.20 diluted EPS (GAAP); adjusted $0.27 diluted EPS
Volume 817,524 tons vs 881,410 tons in Q3 FY2025
Cash and equivalents $90.0 million; total debt $251.4 million; net debt $161.4 million as of February 28, 2026
Entered Business Combination Agreement with Kloeckner & Co SE; launched tender offer at €11 per share, expected close H2 2026
Quarterly dividend $0.16 per share, record date June 12, 2026, payable June 26, 2026