Worthington Steel swings to $7.0 million loss as Kloeckner lifts sales 212%
Worthington Steel reported first-quarter fiscal 2027 results that include Kloeckner & Co following its majority acquisition, with net sales rising 212% to $2.7 billion. The company swung to a $7.0 million loss from continuing operations attributable to controlling interest, compared with $36.8 million of earnings a year earlier, and it declared a $0.16 quarterly dividend.
Key points
- Net sales were $2,726.6 million, up from $872.9 million, with Kloeckner contributing $1,772.7 million.
- Diluted loss per share from continuing operations was $0.14, compared with earnings of $0.73 a year earlier; adjusted diluted EPS was $0.57 versus $0.77.
- Interest expense, net, rose to $38.8 million from $2.9 million, and Kloeckner acquisition-related expenses reduced diluted EPS by $0.37.
- The board declared a $0.16 dividend per share, payable December 28, 2026, to holders of record on December 14, 2026.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:54 AM ET, from the text of the filing and its press-release exhibits 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 October 07, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.