Worthington Steel fiscal 2026 net sales rose 11% to $3.44 billion; net earnings attributable to controlling interest fell 92.32% to $8.5 million.
Operating results swung to a $1.4 million loss from operating income; diluted EPS attributable to controlling interest slid 92.24% to $0.17.
Gross margin edged up 3.8% to $403.3 million, while SG&A jumped 28.4% to $297.4 million on Kloeckner-related fees.
Adjusted EBIT (non-GAAP) rose 8.05% to $161.1 million, while interest expense, net climbed 300% to $28.4 million.
Post-year-end financing and acquisition
After year-end, it closed the Kloeckner Acquisition, issued $700 million of 2033 Notes, incurred $700 million of Term Loans, entered the 2031 Revolving Credit Facility.
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