Short answer
Worthington Steel, Inc. (WS) filed an 8-K current report with the SEC on June 25, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 5.02 (Departure/Election of Directors or Officers), Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). Fourth-quarter fiscal 2026 results cover the three months ended May 31, 2026.
Worthington Steel, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Fourth-quarter fiscal 2026 results cover the three months ended May 31, 2026
- Corrected release fixes duplicated non-GAAP footnote, excluding $0.7 million noncontrolling-interest restructuring income in fiscal 2025
- No changes to reported financial results beyond the footnote correction
- June 25, 2026 conference call addresses fourth-quarter results and fiscal 2027 first-quarter outlook
- Investor presentation and corrected release provide GAAP and non-GAAP reconciliations for performance analysis
Item 5.02 · Departure/Election of Directors or Officers
- Steven R. Witt retired as Corporate Controller and Principal Accounting Officer effective June 23, 2026
- Gwen Joseph appointed successor, bringing prior external reporting and internal audit experience
- Annual base salary set at $255,000 with 50% target cash incentive
- $200,000 aggregate equity award across restricted stock, performance shares, and performance cash
- Retirement not related to accounting, operational, policy, or disclosure disagreements
Item 8.01 · Other Events
- Quarterly cash dividend of $0.16 per common share declared June 24, 2026
- Payment scheduled for September 29, 2026
- September 15, 2026 record date establishes shareholder eligibility
- Dividend declaration signals continued shareholder-return commitment
Item EX-99.1 · Exhibit EX-99.1
- Q4 FY2026 net sales rose 12% to $929.2M, but diluted EPS fell to $(0.98) from $1.10
- $94.5M Electrical Steel impairment reflects weakened industrial-motor demand, foreign competition and delayed automotive launches
- Adjusted EPS declined to $0.74 from $1.05 as value-added spread compression reduced profitability
- Kloeckner acquisition closed June 3 with approximately 62% ownership, creating integration, financing and control-execution priorities
- Year-end net debt reached $172.2M, while quarterly dividend remained $0.16 per share payable September 29, 2026
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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