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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 Declares Quarterly Dividend
Worthington Steel Joint Venture, TWB Company, Signs Licensing Agreement with ArcelorMittal Tailored Blanks for Patented Ablation Technology
Worthington Steel to Webcast Discussion of Third Quarter 2024 Results on March 22
Worthington Steel Reports Second Quarter Fiscal 2024 Results
Worthington Steel Declares Quarterly Dividend
Worthington Steel to Webcast Discussion of Second Quarter 2024 Results on December 22
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.