Worthington Steel, Inc.
Description
Worthington Steel, Inc. operates as a steel processor in North America. The company offers carbon flat-rolled steel and tailor welded blanks, as well as automotive and electrical steel lamination stampings; and aluminum tailor welded blanks. It serves various end-markets, including automotive, construction, machinery and equipment, heavy truck, agriculture, and energy. The company was incorporated in 2023 and is headquartered in Columbus, Ohio.
About
CEO
Mr. Geoffrey G. Gilmore
Employees
5,000
Instrument type
Common Stock
Sector
Basic Materials
Industry
Steel
MIC code
XNYS
Address
100 West Old Wilson Bridge Road, Columbus, OH 43085, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Dec 17, 2025 | — | — | — | — |
| Sep 23, 2025 | — | — | — | — |
| Jun 24, 2025 | — | — | — | — |
| Mar 20, 2025 | — | — | — | — |
| Dec 19, 2024 | 0.63 | 0.19 | -0.44 | -69.84% |
Earnings estimate
|
Current Quarter
(Feb 2025)
|
Next Quarter
(May 2025)
|
Current Year
(May 2025)
|
Next Year
(May 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 1 | 1 | 2 | 2 |
| Average estimate | 0.67 | 0.94 | 2.26 | 3.40 |
| Low estimate | 0.67 | 0.94 | 2.15 | 3.13 |
| High estimate | 0.67 | 0.94 | 2.36 | 3.66 |
| Last year EPS | 0.99 | 1.06 | 3.42 | 2.26 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Feb 2025)
-32.320%
Next qtr. (May 2025)
-11.320%
Current year (May 2025)
-34.060%
Next year (May 2026)
50.550%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Fiscal date | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 |
| Total reported revenue | 3.43B | 3.61B | 4.07B | 2.13B |
| Cost of revenue | 2.99B | 3.27B | 3.67B | 1.76B |
| Gross profit | 439.80M | 336.50M | 395.50M | 370.84M |
| Operating expense | ||||
| Research & development | — | — | — | — |
| Selling general and admin | 224.40M | 200.80M | 180.30M | 147.44M |
| Other operating expenses | — | — | — | — |
| Operating income | 215.40M | 135.70M | 215.20M | 223.41M |
| Non operating interest income | ||||
| Income | — | — | — | — |
| Expense | 6.00M | — | — | — |
| Other income expense | 6.80M | -4.00M | 42.10M | 13.74M |
| Pretax income | 216.20M | 128.70M | 254.30M | 237.15M |
| Tax provision | 46.10M | 29.00M | 54.00M | 48.48M |
| Net income | 170.10M | 99.70M | 200.30M | 188.67M |
| Basic EPS | 3.14 | 1.74 | 3.61 | 3.42 |
| Diluted EPS | 3.11 | 1.74 | 3.61 | 3.42 |
| Basic average shares | 49.30M | 50.03M | 50.03M | 50.03M |
| Diluted average shares | 49.30M | 50.03M | 50.03M | 50.03M |
| EBITDA | 308.40M | 216.70M | 305.40M | 270.24M |
| Net income from continuing op. | 170.10M | 99.70M | 200.30M | 188.67M |
| Minority interests | -15.40M | -12.60M | -19.90M | -17.66M |
| Preferred stock dividends | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Fiscal date | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 |
| Total assets | 1.87B | 1.76B | 2.08B | 1.37B |
| Current assets | ||||
| Cash | — | — | — | — |
| Cash equivalents | — | — | — | — |
| Cash and cash equivalents | 40.20M | 32.70M | 20.05M | 17.46M |
| Other short term investments | — | — | — | — |
| Accounts receivable | 472.60M | 468.00M | 600.42M | 405.05M |
| Other receivables | — | — | — | — |
| Inventory | 405.30M | 414.80M | 569.50M | 442.93M |
| Prepaid assets | — | — | — | — |
| Restricted cash | — | — | — | — |
| Assets held for sale | 2.90M | 3.40M | 15.72M | 33.40M |
| Hedging assets | — | — | — | — |
| Other current assets | 76.60M | 57.70M | 60.93M | 41.11M |
| Non current assets | ||||
| Properties | 72.90M | 75.30M | 70.00M | 16.49M |
| Land and improvements | 37.90M | 37.60M | 39.26M | — |
| Machinery furniture equipment | 893.80M | 847.50M | 820.71M | 692.58M |
| Construction in progress | 83.60M | 20.30M | 22.83M | 15.79M |
| Leases | — | — | — | — |
| Accumulated depreciation | -717.60M | -659.60M | -609.40M | -581.36M |
| Goodwill | 236.20M | 240.60M | 249.78M | 57.84M |
| Investment properties | — | — | — | — |
| Financial assets | — | — | — | — |
| Intangible assets | 77.00M | 83.40M | 89.72M | 17.40M |
| Investments and advances | 135.00M | 114.60M | 119.33M | 92.04M |
| Other non current assets | 25.30M | 17.20M | 16.79M | 13.30M |
| Total liabilities | 748.90M | 609.80M | 817.67M | 551.82M |
| Current liabilities | ||||
| Accounts payable | 380.40M | 402.20M | 524.12M | 452.26M |
| Accrued expenses | 15.70M | 15.60M | 27.45M | 9.25M |
| Short term debt | 155.60M | 28.70M | 68.64M | 2.93M |
| Deferred revenue | — | — | — | — |
| Tax payable | 58.00M | 31.90M | 37.74M | 41.66M |
| Pensions | — | 31.93M | 37.74M | 40.45M |
| Other current liabilities | — | — | — | — |
| Non current liabilities | ||||
| Long term debt | 68.30M | 71.70M | 85.26M | 5.18M |
| Provision for risks and charges | — | — | — | — |
| Deferred liabilities | 27.90M | 26.10M | 35.49M | 34.06M |
| Derivative product liabilities | — | — | — | — |
| Other non current liabilities | 34.30M | 33.60M | 38.97M | 6.48M |
| Shareholders equity | ||||
| Common stock | — | — | 1.13B | 622.95M |
| Retained earnings | 86.10M | — | — | — |
| Other shareholders equity | -6.10M | -2.10M | 1.85M | 38.39M |
| Total shareholders equity | 1.12B | 1.15B | 1.27B | 814.83M |
| Additional paid in capital | 905.30M | — | — | — |
| Treasury stock | — | — | — | — |
| Minority interest | 132.20M | 125.60M | 133.21M | 153.50M |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | 170.10M | 99.70M | 200.30M | 188.67M |
| Depreciation | 65.30M | 69.60M | 59.50M | 44.95M |
| Deferred Taxes | 1.10M | -9.70M | 13.60M | -5.19M |
| Stock-Based Compensation | 10.30M | 10.40M | 8.70M | 10.14M |
| Other Non-Cash Items | — | — | — | — |
| Accounts Receivable | -1.40M | 113.00M | -109.70M | -220.59M |
| Accounts Payable | -26.70M | -124.30M | -14.90M | 293.08M |
| Other Assets & Liabilities | -10.20M | 156.90M | -67.10M | -170.78M |
| Operating Cash Flow | 208.50M | 315.60M | 90.40M | 140.28M |
| Investing Activities | ||||
| Capital Expenditures | -103.40M | -45.50M | -36.40M | -28.80M |
| Net Intangibles | — | — | — | — |
| Net Acquisitions | -21.00M | — | -383.50M | 925,000 |
| Purchase of Investments | — | — | — | — |
| Sale of Investments | — | — | — | — |
| Investing Cash Flow | -123.20M | -22.20M | -395.30M | -27.69M |
| Financing Activities | ||||
| Long-Term Debt Issuance | 266.10M | — | 50.00M | — |
| Long-Term Debt Payments | -248.10M | -15.00M | -15.00M | — |
| Other Financing Charges | -56.40M | -220.00M | 281.70M | -10.69M |
| Financing Cash Flow | -68.80M | -280.20M | 358.40M | -10.69M |
| Other Cash Details | ||||
| End Cash Position | 40.20M | 32.70M | 20.10M | 17.46M |
| Income Tax Paid | 37.60M | — | — | — |
| Interest Paid | 4.50M | — | — | — |
| Free Cash Flow | 96.10M | 269.50M | 3.10M | 123.75M |
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Worthington Steel, Inc. (WS) Q2 2025 Earnings Call Transcript
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