Worthington Steel Q1 net earnings rise to $36.8 million on 5% higher sales
Worthington Steel reported first-quarter fiscal 2026 results for the three months ended August 31, 2025, with net sales up 5% to $872.9 million and net earnings attributable to the company up to $36.8 million from $28.4 million a year earlier. The company also declared a $0.16 per share quarterly dividend and held its annual meeting, where shareholders re-elected directors and approved the executive pay proposal, but operating cash flow turned negative at $5.0 million.
Key points
- Diluted EPS was $0.72 versus $0.56; adjusted diluted EPS was $0.77 versus $0.56.
- Operating income rose to $48.3 million from $43.4 million; adjusted EBIT was $54.9 million versus $39.4 million.
- Net cash used in operating activities was $5.0 million, compared with $54.6 million provided a year earlier; free cash flow was negative $34.4 million.
- Quarterly dividend of $0.16 per share is payable December 26, 2025, to holders of record on December 12, 2025.
The filing
Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.