Short answer
Worthington Steel, Inc. (WS) filed its fiscal 2026 10-K annual report with the SEC on Jul 30, 2026. It reported revenue of $3.4B (+11.3% year over year) and net income of $9M.
- Top risk flagged: Regulatory risk: Escalated U.S. Section 232 steel tariffs, 50% effective June 4, 2025, uncertainty on continuation may impact U.S. steel prices and margins
FY2026 key financial metrics · XBRL
- Revenue
- $3.4B
- +11.3% YoY
- Net income
- $9M
- −92.3% YoY
- Operating margin
- -0.0%
- −4.8 pp YoY
- Gross margin
- 11.7%
- −0.9 pp YoY
- EPS (diluted)
- $0.17
- −92.2% YoY
- ROE
- 0.8%
- −9.5 pp YoY
- Operating cash flow
- $201M
- −12.6% YoY
Source: XBRL data from the Worthington Steel, Inc. (WS) FY2026 10-K on SEC EDGAR. USD.
Worthington Steel, Inc. FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Section 'business' was empty or not found.
Management Discussion & Analysis
- Section 'mda' was empty or not found.
Risk Factors
- Regulatory risk: Escalated U.S. Section 232 steel tariffs, 50% effective June 4, 2025, uncertainty on continuation may impact U.S. steel prices and margins
- Geopolitical threat: February 2026 U.S.-Israel-Iran conflict risks global energy price spikes and supply chain disruptions affecting input costs
- Operational risk: Potential supplier labor strike post September 1, 2026 USW contract expiry could disrupt steel supply, raising raw material costs
- Competitive risk: Automotive shift to aluminum and electric motors reducing steel demand; Detroit Three automakers accounted for ~55% net sales in 2026
- Financial risk: Debt from Kloeckner Acquisition and capital expenditures ($121.2M in 2026) may restrict financial flexibility and increase interest expense
Generated from the filing text; verify against the original. How to read a 10-K
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