Worthington Steel Q2 sales fall 9% to $739.0 million; earnings swing to profit
Worthington Steel reported fiscal second-quarter 2025 results for the three months ended November 30, 2024. Net sales fell 9% to $739.0 million, but operating income rose to $18.9 million from an operating loss a year earlier, and net earnings attributable to controlling interest reached $12.8 million, or $0.25 per diluted share, compared with a loss of $0.12 per share. The filing also reports the appointment of a new director and a quarterly dividend of $0.16 per share.
- Net sales of $739.0 million, down 9% from $808.0 million a year earlier, driven primarily by lower volumes and direct selling prices
- Operating income of $18.9 million, compared with an operating loss of $8.8 million in the prior-year quarter
- Diluted EPS attributable to controlling interest of $0.25, compared with a loss of $0.12; adjusted diluted EPS was $0.19 versus $0.11
- Scott Kelly appointed to the board on December 18, 2024; quarterly dividend of $0.16 per share payable March 28, 2025