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YahooOctober 7, 2026 at 9:07 AM NY20 Days Ago

Worthington Steel (WS) Is Up 7.2% After Acquisition-Fueled Sales Jump But Net Loss Emerges – Has The Bull Case Changed?

Worthington Steel, Inc. has reported past first-quarter fiscal 2027 results showing revenue rising to US$2.73 billion but swinging from prior net income of US$36.8 million to a net loss of US$10 million, alongside adjusted earnings of US$0.57 per share and a declared quarterly dividend of US$0.16 per share payable in December 2026. The sharp increase in sales, mainly reflecting the Kloeckner & Co acquisition, did not convert into profitability, highlighting integration and cost pressures...

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