Worthington Steel Revises 4Q Loss After Finding Additional Asset Impairment Charges

Dow Jones07-11 05:28

Worthington Steel revised its fourth-quarter loss after identifying additional long-lived asset impairment charges.

The steel processor on Friday revised its quarterly loss to $1.15 a share, compared with the loss of 98 cents a share it posted on June 24.

Worthington Steel said additional bridge non-revolving loan commitment costs were originally excluded from its results due to an inadvertent error. The company said it identified the additional charges during standard year-end internal controls procedures to prepare its annual report.

The issue does not affect previous quarters, or the company's guidance, operational outlook or business strategy for the current year, Worthington Steel said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

July 10, 2026 17:28 ET (21:28 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2650130694?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-11 05:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2650130694","market":"sh","top_or_hot":-1,"title":"Worthington Steel Revises 4Q Loss After Finding Additional Asset Impairment Charges","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/WS\">Worthington Steel</a> revised its fourth-quarter loss after identifying additional long-lived asset impairment charges. \n</p>\n<p>\n  The steel processor on Friday revised its quarterly loss to $1.15 a share, compared with the loss of 98 cents a share it posted on June 24. \n</p>\n<p>\n  Worthington Steel said additional bridge non-revolving loan commitment costs were originally excluded from its results due to an inadvertent error. The company said it identified the additional charges during standard year-end internal controls procedures to prepare its annual report. \n</p>\n<p>\n  The issue does not affect previous quarters, or the company's guidance, operational outlook or business strategy for the current year, Worthington Steel said. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 10, 2026 17:28 ET (21:28 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Worthington Steel Revises 4Q Loss After Finding Additional Asset Impairment Charges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorthington Steel Revises 4Q Loss After Finding Additional Asset Impairment Charges\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-11 05:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/WS\">Worthington Steel</a> revised its fourth-quarter loss after identifying additional long-lived asset impairment charges. \n</p>\n<p>\n  The steel processor on Friday revised its quarterly loss to $1.15 a share, compared with the loss of 98 cents a share it posted on June 24. \n</p>\n<p>\n  Worthington Steel said additional bridge non-revolving loan commitment costs were originally excluded from its results due to an inadvertent error. The company said it identified the additional charges during standard year-end internal controls procedures to prepare its annual report. \n</p>\n<p>\n  The issue does not affect previous quarters, or the company's guidance, operational outlook or business strategy for the current year, Worthington Steel said. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 10, 2026 17:28 ET (21:28 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4535","symbol_name":"淡马锡持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2650130694","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2650130694","pubTimestamp":1783718880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Worthington Steel revised its fourth-quarter loss after identifying additional long-lived asset impairment charges.The steel processor on Friday revised its quarterly loss to $1.15 a share, compared with the loss of 98 cents a share it posted on June 24.Worthington Steel said additional bridge non-revolving loan commitment costs were originally excluded from its results due to an inadvertent error. The company said it identified the additional charges during standard year-end internal controls procedures to prepare its annual report.The issue does not affect previous quarters, or the company's guidance, operational outlook or business strategy for the current year, Worthington Steel said.Write to Kelly Cloonan at kelly.cloonan@wsj.com Dow Jones NewswiresJuly 10, 2026 17:28 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4535":"淡马锡持仓","WS":"WORTHINGTON STEEL INC","BK4161":"工业机械","WOR":"Worthington Industries Inc","PICK":"iShares MSCI Global Metals & Mining Producers ETF","BK4191":"家用电器","BK4006":"钢铁"},"translate_title":"沃星顿钢铁公司在发现额外资产减值费用后修正了第四季度亏损","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PICK":1.5,"WOR":1.5,"WS":0.9},"content_text":"Worthington Steel revised its fourth-quarter loss after identifying additional long-lived asset impairment charges. \n\n\n  The steel processor on Friday revised its quarterly loss to $1.15 a share, compared with the loss of 98 cents a share it posted on June 24. \n\n\n  Worthington Steel said additional bridge non-revolving loan commitment costs were originally excluded from its results due to an inadvertent error. The company said it identified the additional charges during standard year-end internal controls procedures to prepare its annual report. \n\n\n  The issue does not affect previous quarters, or the company's guidance, operational outlook or business strategy for the current year, Worthington Steel said. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 10, 2026 17:28 ET (21:28 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2650130694","isCrawlerRequest":true}