Short answer
Worthington Steel, Inc. (WS) filed an 8-K current report with the SEC on July 10, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Corrected FY2026 fourth-quarter and full-year results supersede the June 25 release.
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
- Corrected FY2026 fourth-quarter and full-year results supersede the June 25 release
- Additional Electrical Steel long-lived asset impairment charges reduce reported earnings and asset values
- Additional Bridge nonrevolving loan commitment costs increase financing-related expenses
- Adjustments isolated to fourth quarter and full-year FY2026, with no impact on prior Form 10-Q filings
- Management reaffirmed FY2027 financial guidance, operational outlook and business strategy
Item EX-99.1 · Exhibit EX-99.1
- Q4 net sales rose 12% to $929.2 million, but volume fell to 938,589 tons from 982,180
- Operating loss $74.5 million, driven by $112.2 million Electrical Steel impairments and $15.5 million Kloeckner acquisition fees
- Adjusted EPS declined to $0.75 from $1.05 as value-added spread compression outweighed higher direct volumes
- Kloeckner acquisition closed June 3, securing approximately 62% ownership and creating integration, leverage, and execution priorities
- Year-end net debt $172.2 million with $84.6 million cash; quarterly dividend maintained at $0.16 per share
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