Worthington Steel

Q4 FY2026 EarningsQ4 FY26 net sales reached $929.2M, up 12% YoY, driven by the Sitem Group acquisition and higher direct selling prices. However, the company reported a GAAP net loss of $48.7M ($0.98 per diluted share) due to $94.5M in non-cash impairments and Kloeckner acquisition costs. Adjusted net earnings were $37.9M ($0.74 per diluted share) vs $53.4M ($1.05) in Q4 FY25. Adjusted EBIT stood at $54.0M, a 23% YoY decline as value-added spreads began to normalize from prior year highs.