Worthington Steel, Inc. (WS) FY2026 10-K Annual Report

Filed: Jul 30, 2026
Materials
Steel Works, Blast Furnaces & Rolling & Finishing MillsSEC EDGAR

Worthington Steel, Inc. (WS) 10-K annual report for fiscal year 2026, filed with SEC EDGAR on Jul 30, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Worthington Steel, Inc. FY2026 10-K Analysis

Business Overview

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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

Worthington Steel, Inc. FY2026 Key Financial Metrics
XBRL

Revenue

$3.4B

+11.3% YoY

Net Income

$9M

-92.3% YoY

Gross Margin

11.7%

-85bp YoY

Operating Margin

-0.0%

-479bp YoY

Net Margin

0.2%

-333bp YoY

ROE

0.8%

-951bp YoY

Total Assets

$2.3B

+14.8% YoY

EPS (Diluted)

$0.17

-92.2% YoY

Operating Cash Flow

$201M

-12.6% YoY

Source: XBRL data from Worthington Steel, Inc. FY2026 10-K filing on SEC EDGAR. All figures in USD.

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