10-Q quarterly report · filed Apr 9, 2026

Worthington Steel, Inc. (WS) Q1 2026 10-Q Quarterly Report

Short answer

Worthington Steel, Inc. (WS) filed its Q1 2026 10-Q quarterly report on Apr 9, 2026 for the quarter ended Feb 28, 2026. Quarterly revenue was $770M (up 12.0% year over year) with net income of $10M.

Q1 2026 key financials · XBRL

Revenue
$770M
+12.0% YoY · −11.7% QoQ
Net income
$10M
−24.6% YoY · −44.7% QoQ
Operating margin
0.4%
Gross margin
9.9%
EPS (diluted)
$0.20
−25.9% YoY · −47.4% QoQ

Source: XBRL data from the Worthington Steel, Inc. (WS) Q1 2026 10-Q on SEC EDGAR. USD.

Worthington Steel, Inc. Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New acquisition risk triggered by Kloeckner tender offer: regulatory conditions must be satisfied by March 12, 2027
  • Regulatory risk from EU foreign subsidies, merger, investment-control, and foreign-investment clearances required before Offer Closing
  • Financial risk from planned acquisition financing: new debt may restrict additional borrowing, capital expenditures, and dividends
  • Integration risk from remaining minority Kloeckner shareholders and potential inability to establish a domination and profit-and-loss transfer agreement
  • Market risk from February 2026 U.S.-Israel strikes against Iran: potential energy-price, supply-chain, currency, and financing disruptions

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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