Worthington Steel Inc. reported financial results for its fiscal 2026 first quarter ended August 31, 2025. Net sales totaled $872.9 million, up 5% from $834.0 million in the first quarter of fiscal 2025. Operating income increased to $48.3 million compared to $43.4 million in the prior-year period. Net earnings attributable to Worthington Steel rose to $36.8 million from $28.4 million. Net earnings per diluted share attributable to Worthington Steel shareholders were $0.72, compared to $0.56 in the same quarter last year. Adjusted net earnings per diluted share were $0.77, up from $0.56. Adjusted EBIT was $54.9 million, compared to $39.4 million in the prior-year period. The company reported volume of 928,866 tons for the quarter, down from 994,093 tons in the first quarter of fiscal 2025. Equity in net income of unconsolidated affiliates increased to $6.4 million, compared to $1.3 million a year earlier. During the quarter, Worthington Steel completed the integration of the Sitem team. As of August 31, 2025, the company had cash and cash equivalents of $78.3 million. Net cash used in operating activities was $5.0 million, compared to net cash provided by operating activities of $54.6 million in the prior-year quarter. Investment in property, plant, and equipment during the quarter was $29.4 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Worthington Steel Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250923090638) on September 24, 2025, and is solely responsible for the information contained therein.
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