See more : Lifestyle Global Enterprise Inc. (8066.TWO) Income Statement Analysis – Financial Results
Complete financial analysis of Worthington Steel, Inc. (WS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Worthington Steel, Inc., a leading company in the Steel industry within the Basic Materials sector.
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Worthington Steel, Inc. (WS)
About Worthington Steel, Inc.
Worthington Steel, Inc. operates as a steel processor in North America. It offers carbon flat-rolled steel and tailor welded blanks, as well as electrical steel laminations; and aluminum tailor welded blanks. The company serves various end-markets, including automotive, heavy truck, agriculture, construction, and energy. Worthington Steel, Inc. was incorporated in 2023 and is based in Columbus, Ohio.
| Metric | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Revenue | 3.43B | 3.61B | 4.07B | 2.13B |
| Cost of Revenue | 2.99B | 3.27B | 3.67B | 1.76B |
| Gross Profit | 439.80M | 340.41M | 395.46M | 370.84M |
| Gross Profit Ratio | 12.82% | 9.43% | 9.72% | 17.43% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 224.40M | 197.50M | 180.29M | 147.44M |
| Other Expenses | 0.00 | 3.73M | 870.00K | -347.00K |
| Operating Expenses | 224.40M | 197.50M | 180.29M | 147.44M |
| Cost & Expenses | 3.24B | 3.47B | 3.85B | 1.90B |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 6.00M | 3.00M | 3.00M | 0.00 |
| Depreciation & Amortization | 65.30M | 69.60M | 59.50M | 44.95M |
| EBITDA | 287.50M | 205.30M | 274.70M | 268.36M |
| EBITDA Ratio | 8.38% | 6.31% | 6.47% | 12.70% |
| Operating Income | 194.50M | 127.49M | 226.58M | 221.52M |
| Operating Income Ratio | 5.67% | 3.53% | 5.57% | 10.41% |
| Total Other Income/Expenses | 21.70M | -33.30M | 27.70M | 15.63M |
| Income Before Tax | 216.20M | 125.13M | 254.21M | 237.15M |
| Income Before Tax Ratio | 6.30% | 3.46% | 6.25% | 11.15% |
| Income Tax Expense | 46.10M | 28.16M | 53.96M | 48.48M |
| Net Income | 154.70M | 87.10M | 180.40M | 171.01M |
| Net Income Ratio | 4.51% | 2.41% | 4.43% | 8.04% |
| EPS | 3.14 | 1.69 | 3.61 | 3.42 |
| EPS Diluted | 3.14 | 1.69 | 3.61 | 3.42 |
| Weighted Avg Shares Out | 49.30M | 50.03M | 50.03M | 50.03M |
| Weighted Avg Shares Out (Dil) | 49.33M | 50.03M | 50.03M | 50.03M |
Worthington Steel Reports Fourth Quarter and Full Year Fiscal 2024 Results
COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Steel, Inc. (NYSE: WS), a market-leading, value-added steel processing company, today reported financial results for the fiscal 2024 fourth quarter and full fiscal year ended May 31, 2024. Fourth Quarter Highlights (all comparisons to the fourth quarter...
Worthington Steel Declares Quarterly Dividend
COLUMBUS, Ohio--(BUSINESS WIRE)--The board of directors of Worthington Steel, Inc. (NYSE: WS) has declared a quarterly dividend of $0.16 per common share. The dividend is payable on September 27, 2024, to shareholders of record September 13, 2024. Worthington Steel will...
Worthington Steel to Webcast Discussion of Fourth Quarter 2024 Results on June 27
COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Steel, Inc. (NYSE: WS) announced today that it will report the results for its fiscal fourth quarter after the market closes on Wednesday, June 26, 2024. The Company will host a conference call to discuss its fiscal...
Worthington Steel Named a 2023 Supplier of the Year by General Motors
COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Steel, Inc. (NYSE: WS) today announced that it was named a GM Supplier of the Year winner in General Motors' 32nd annual Supplier of the Year awards. This is the Company's third time achieving this distinction. It...
Worthington Steel Earns Recognition as a John Deere “Partner-level Supplier” for the 12th Consecutive Year
COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Steel, Inc. (NYSE: WS) today announced it has earned recognition as a Partner-level supplier for 2023 in the John Deere Achieving Excellence Program, marking its 12th consecutive year achieving this honor. Partner-level status is Deere & Company's...
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Why Worthington Steel Stock Is Soaring Today
Worthington Steel's results easily topped its year-ago performance, and also came in better than what one analyst had expected. The company is new to public markets and investors are still trying to figure out what it is worth.
Worthington Steel, Inc. (WS) Q3 2024 Earnings Call Transcript
Worthington Steel, Inc. (WS) Q3 2024 Earnings Call Transcript
Worthington Steel Reports Third Quarter Fiscal 2024 Results
COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Steel, Inc. (NYSE: WS) today reported financial results for the fiscal 2024 third quarter ended February 29, 2024. The Company reported net sales of $805.8 million and net earnings attributable to controlling interest of $49.0 million, or...
Source: https://incomestatements.info
Category: Stock Reports
What were Worthington Steel’s net sales in Q2 2024?
The Company reported net sales of $808.0 million and net loss attributable to controlling interest of $6.0 million, or $0.12 per diluted share, for its fiscal 2024 second quarter ended November 30, 2023.
What is the significance of Worthington Steel’s separation from Worthington Enterprises?
This separation will better position each organization to serve the unique needs of its customers. With a sharpened strategic focus and greater agility, each company will have flexibility to invest in meeting customers’ evolving needs.