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Date | Price Target | Rating | Analyst |
---|---|---|---|
3/11/2024 | Neutral | Seaport Research Partners |
4 - Worthington Steel, Inc. (0001968487) (Issuer)
4 - Worthington Steel, Inc. (0001968487) (Issuer)
4 - Worthington Steel, Inc. (0001968487) (Issuer)
Worthington Steel, Inc. (NYSE:WS) ("Worthington Steel" or the "Company") announced today that it has completed the acquisition of a controlling equity stake in Italy-based Sitem S.p.A. (together with its subsidiaries, Stanzwerk AG, Decoup S.A.S. and Sitem Slovakia spol. s r.o., "Sitem Group") through its subsidiary, Tempel Steel Company, LLC ("Tempel"). Worthington Steel now holds an approximately 52% stake in Sitem Group, with the option to increase ownership in the future. "This marks a significant step in our strategic growth plan, enhancing our position in the European electric motor lamination market and strengthening our ability to support global automotive, industrial motor and tra
Worthington Steel, Inc. (NYSE:WS), a market-leading, value-added metals processing company, today reported financial results for the fiscal 2025 third quarter ended February 28, 2025. Third Quarter Highlights (all comparisons to the third quarter of fiscal 2024): Net sales of $687.4 million decreased 15% compared to $805.8 million. Operating income of $18.3 million compared to $66.3 million. Net earnings attributable to controlling interest of $13.8 million compared to $49.0 million. Net earnings per diluted share attributable to controlling interest of $0.27 compared to $0.98; Adjusted net earnings per diluted share attributable to controlling interest of $0.35 compared to $0.99.
The board of directors of Worthington Steel, Inc. (NYSE:WS) has declared a quarterly dividend of $0.16 per common share. The dividend is payable on June 27, 2025, to shareholders of record at the close of business June 13, 2025. Worthington Steel will host a conference call to discuss its fiscal 2025 third quarter results at 8:30 a.m. ET on Thursday, March 20, 2025. A live webcast of the call will be available on the Investor Relations section of the Company's website at www.WorthingtonSteel.com and will be archived for one year. Live Conference Call Schedule Date: Thursday, March 20, 2025 Start Time: 8:30 a.m. ET Conference ID: 5714141 Toll-Free Di
Worthington Steel, Inc. (NYSE:WS) announced today the appointment of Scott Kelly to the Worthington Steel Board of Directors, effective immediately. Kelly will serve as a member of the Nominating and Governance Committee of the Board. Following the appointment of Kelly, the Board will be comprised of 11 directors, eight of whom are independent. "We are pleased to welcome Scott Kelly to the Worthington Steel Board," said Worthington Steel Executive Chairman John Blystone. "Scott brings deep experience in leading operations for energy infrastructure and utility services, as well as manufacturing for the heavy-duty automotive industry and will be invaluable as we continue to execute on our g
Worthington Steel, Inc. (NYSE:WS) ("Worthington Steel" or the "Company") announced today that it has completed the acquisition of a controlling equity stake in Italy-based Sitem S.p.A. (together with its subsidiaries, Stanzwerk AG, Decoup S.A.S. and Sitem Slovakia spol. s r.o., "Sitem Group") through its subsidiary, Tempel Steel Company, LLC ("Tempel"). Worthington Steel now holds an approximately 52% stake in Sitem Group, with the option to increase ownership in the future. "This marks a significant step in our strategic growth plan, enhancing our position in the European electric motor lamination market and strengthening our ability to support global automotive, industrial motor and tra
Worthington Steel, Inc. (NYSE:WS) today announced that it was named a GM Supplier of the Year winner in General Motor's 33rd annual Supplier of the Year awards. This is the Company's fourth time achieving this distinction. It previously earned recognition in 2020, 2021 and 2023. "We're honored to be recognized once again by General Motors for the quality and commitment we bring to our work every day," said Worthington Steel President and CEO Geoff Gilmore. "This award is a direct reflection of our incredible team, whose passion and dedication drive everything we do. We're proud to support GM's bold vision for the future of mobility and to contribute to their efforts in shaping the next gen
Worthington Steel, Inc. (NYSE:WS) today announced it has once again been recognized as a Partner-level supplier in the John Deere Achieving Excellence Program, marking 13 consecutive years of receiving this honor. Partner-level status is Deere & Company's highest supplier rating, awarded to companies that demonstrate exceptional quality, service and a commitment to continuous improvement. "Our 13-year streak as a Partner-level supplier reflects the strength and dedication of our team," said Geoff Gilmore, president and CEO of Worthington Steel. "We take great pride in delivering innovative steel solutions that help drive John Deere's success, and we remain focused on raising the bar even h
Seaport Research Partners initiated coverage of Worthington Steel with a rating of Neutral
SD - Worthington Steel, Inc. (0001968487) (Filer)
10-Q - Worthington Steel, Inc. (0001968487) (Filer)
8-K - Worthington Steel, Inc. (0001968487) (Filer)
SC 13G/A - Worthington Steel, Inc. (0001968487) (Subject)
SC 13G/A - Worthington Steel, Inc. (0001968487) (Subject)
SC 13G/A - Worthington Steel, Inc. (0001968487) (Subject)