Worthington Steel Q3 net sales fall 15% to $687.4 million; EPS $0.27 vs $0.98
Worthington Steel reported fiscal 2025 third-quarter net sales of $687.4 million, down 15% from $805.8 million a year earlier, as lower volume and lower selling prices reduced gross margin. Net earnings attributable to controlling interest fell to $13.8 million, or $0.27 per diluted share, from $49.0 million, or $0.98, and the company also declared a $0.16 quarterly dividend.
- Net sales of $687.4 million vs $805.8 million in the prior-year quarter, down 15%
- Operating income of $18.3 million vs $66.3 million; $7.4 million of asset impairments were recognized
- Net earnings per diluted share of $0.27 vs $0.98; adjusted per diluted share of $0.35 vs $0.99
- Quarterly dividend of $0.16 per share, payable June 27, 2025, to holders of record on June 13, 2025