Stock Track | Worthington Steel Soars 5.76% After-Hours on Strong Q2 Earnings Beat-To The Moon - Tiger Brokers Online Investing Community

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Stock Track | Worthington Steel Soars 5.76% After-Hours on Strong Q2 Earnings Beat

Stock Track12-18

Worthington Steel Inc. (WS) surged 5.76% in after-hours trading on Wednesday following the release of its robust fiscal second-quarter results, which exceeded market expectations.

The company reported net sales of $871.9 million, an 18% year-over-year increase, driven by higher direct volumes and selling prices. Net income rose 47% to $18.8 million, while adjusted EPS came in at $0.38. Worthington Steel also declared a quarterly dividend of $0.16 per share, underscoring its financial strength.

Analysts highlighted the company's ability to navigate mixed market conditions, with CEO Geoff Gilmore noting the success of its strategy focused on higher-value solutions and disciplined inventory management. The earnings beat and positive outlook likely fueled investor optimism, leading to the after-hours rally.

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