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Stock impact report

Worthington Steel Reports Fourth Quarter and Full Year Fiscal 2024 Results

Worthington Steel, Inc. Common Shares (WS) 
Company Research Source: Business Wire
COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Steel, Inc. (NYSE: WS), a market-leading, value-added steel processing company, today reported financial results for the fiscal 2024 fourth quarter and full fiscal year ended May 31, 2024.Fourth Quarter Highlights (all comparisons to the fourth quarter of fiscal 2023):Net sales of $911.0 million increased 3% compared to $884.0 million.Operating income of $67.3 million compared to $89.8 million.Net earnings attributable to controlling interest of $53.2 million compared to $67.3 million.Net earnings per diluted share attributable to controlling interest of $1.06 compared to $1.37; Adjusted net earnings per diluted share attributable to controlling interest of $1.06 compared to $1.47.Adjusted EBIT of $70.4 million compared to $98.4 million.Earned 2023 Supplier of the Year by General Motors for the third time in four years.Recognized as a John Deere Partner-level Supplier for the 12th consecutive year.Declared a quarterly dividend of $0.16 Show less Read more
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