Streetbeat News

Worthington Steel, Inc.

https://www.worthingtonsteel.com

Industry

Steel

Worthington Steel, Inc. operates as a steel processor in North America. It offers carbon flat-rolled steel and tailor welded blanks, as well as electrical steel laminations; and aluminum tailor welded blanks. The company serves various end-markets, including automotive, heavy truck, agriculture, construction, and energy. Worthington Steel, Inc. was incorporated in 2023 and is based in Columbus, Ohio.

Open

30.84

Mkt cap

1.6B

Volume

204K

High

31.57

P/E Ratio

10.79

52-wk high

47.19

Low

30.55

Div yield

0.02

52-wk low

28.20

Worthington Steel's subsidiary, Tempel Steel, has been awarded Mahle's 2024 Best Supplier of the Year, highlighting the company's excellence in supply chain performance.

Portfolio Pulse from

January 15, 2025 | 2:15 pm

Worthington Steel's stock has dropped 14.4% following disappointing Q2 2025 results, with an 8.5% revenue decline. Despite this, the company is seen as a buying opportunity due to its strategic growth initiatives, including investments in lightweighting, electrical steel, and acquisitions like Sitem Group.

Portfolio Pulse from

December 20, 2024 | 1:15 pm

Worthington Steel, Inc. (NYSE:WS) held its Q2 2025 earnings conference call on December 19, 2024. Key participants included Melissa Dykstra, Geoff Gilmore, and Tim Adams. Analysts from KeyBanc Capital Markets and Seaport Research Partners participated.

Portfolio Pulse from

December 19, 2024 | 7:00 pm

Worthington Steel, Inc. (WS) reported Q2 earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.70. This is an improvement from $0.11 per share a year ago.

Portfolio Pulse from

December 18, 2024 | 11:45 pm

Worthington Steel, Inc. (NYSE: WS) has released its financial results for the fiscal 2025 second quarter, which ended on November 30, 2024.

Portfolio Pulse from

December 18, 2024 | 9:30 pm

Worthington Steel, Inc. has appointed Scott Kelly to its Board of Directors, effective immediately.

Portfolio Pulse from

December 18, 2024 | 7:30 pm

Worthington Steel is set to acquire a 52% controlling equity stake in Italy-based Sitem Group, with an option to increase ownership in the future.

Portfolio Pulse from

December 03, 2024 | 1:45 pm

Worthington Steel, Inc. (NYSE: WS) has been awarded the 2025 Military Friendly® Employer designation by VIQTORY, highlighting its commitment to supporting military personnel.

Portfolio Pulse from

November 11, 2024 | 2:30 pm

Worthington Steel, Inc. (NYSE:WS) has announced a Dividend Reinvestment Plan (DRIP) effective from September 13, 2024. This plan allows shareholders to reinvest their cash dividends into additional common shares automatically. Participation is optional and offers flexibility in dividend reinvestment.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:23 pm

Worthington Steel's shares declined following the release of disappointing Q1 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:22 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.