Latest Worthington Steel News & Updates

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Worthington Steel

Processor of flat-rolled steel, electrical laminations, and tailor welded blanks

worthingtonsteel.com

Founded year: 1955
Company type: Public company
Number of employees: 1,000–5,000
Industry: Iron & Steel

Last updated Today

Latest news about Worthington Steel

In short: Worthington Steel acquired Kloeckner & Co for $2.4 billion and expanded manufacturing capacity despite reporting a fiscal 2026 loss.

Company announcements

August 17 Worthington Steel

Worthington Steel publishes its 2026 annual report detailing expansion

The company highlights its acquisition of Kloeckner & Co and underscores fiscal 2026 progress, operational discipline, and strategic customer-focused investments.

July 15 Worthington Steel

Worthington Steel starts acceptance period for Kloeckner delisting offer

Shareholders can tender shares for EUR 11.00 per share until August 12, 2026; Worthington holds about 62% of Kloeckner.

June 24 Worthington Steel

Worthington Steel reports fourth quarter fiscal 2026 results

Net sales increased 12% to $929.2 million, though an operating loss of $57.6 million resulted from impairments and acquisition costs; the Klöckner acquisition was completed.

June 3 Worthington Steel

Worthington Steel completes Kloeckner acquisition and announces delisting offer

It secured approximately 62% of Kloeckner's shares and will offer EUR 11.00 per share in a delisting tender offer.

Media coverage

September 2 Seeking Alpha

Worthington Steel: Kloeckner Turns Processing Density Into An Earnings Engine

Worthington Steel pivots to a value-added metals platform via Kloeckner, targeting $150M synergies by FY2028. Click for more on WS stock.

July 5 Simply Wall St

Worthington Steel (WS) Is Down 7.2% After Major Impairment-Driven Loss and New Credit Facility - What's Changed - Simply Wall St News

Worthington Steel, Inc. recently reported fourth-quarter 2026 results showing sales of US$929.2 million but a net loss of US$48.7 million, driven largely by US$94.5 million...

May 26 Morningstar

Worthington Steel Prices $700 Million Senior Secured Notes Offering

Worthington Steel, Inc. (“Worthington Steel”) (NYSE: WS), announced today that it has priced an offering (the “Offering”) of $700.0 million aggregate principal amount of 7.750...

April 6 Yahoo Finance

Worthington Steel Q3 Earnings Call Highlights

Worthington Steel (NYSE:WS) executives highlighted progress on the company’s proposed acquisition of Kloeckner, detailed a “disciplined” third-quarter pe...

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