EarningsQ4 2026 Earnings Report
MX:WS Q4 2026 EPS Results
Actual EPS$12.56
Consensus EPS$12.73
Beat/MissMissed by -$0.17
One Year Ago EPS$17.82
MX:WS Q4 2026 Revenue Results
Actual Revenue$15.77B
Expected Revenue$16.84B
Beat/MissMissed by -$1.07B
YoY Revenue Growth+11.56%
Earnings Announcement Details
QuarterQ4 2026
Date06/24/2026
TimeAfter Close
Conference CallWednesday, June 24, 2026
MX:WS Upcoming Earnings
Worthington Steel, Inc.'s next earnings date is estimated for October 6, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
MX:WS Q4 2026 Earnings Call
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Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: materially positive strategic progress (completion of the Klöckner acquisition, clear synergy targets, expanded product mix and scale, operational improvements, AI deployments, and several end-market share gains) alongside near-term financial pressures (a large $94.5M electrical steel impairment, a reported net loss for the quarter, lower adjusted EBIT and EPS, declines in toll volumes and some end markets, and transaction-related costs). Management emphasized cash generation, liquidity, and a disciplined integration plan, but acknowledged volatility and integration execution risk.Company Guidance
Completion of Klöckner Acquisition and Strategic Scale Expansion
Completed purchase of a majority (~62%) interest in Klöckner on June 3; largest acquisition in company history. Expands product mix (aluminum, stainless, long products, plate, fabrication), geographic footprint, and end-market diversification. Raised more than $1.0 billion of new capital to support the transaction. Management targets $150 million of run-rate EBITDA synergies plus an additional ~$150 million of working capital opportunities, with roughly a 50/50 split between year one and year two, and a plan to cut debt roughly in half in the same period.
Revenue Growth
Net sales increased 12% year-over-year to $929.2 million in the fourth quarter.
Profitability (Adjusted Metrics)
Reported adjusted EBITDA of $75.2 million and adjusted earnings per share of $0.74 for the quarter (non-GAAP).
Operational Improvements and Lean Transformation
Applied lean flow principles at Bowling Green (after Delta), converting to a pull-and-replenish model that delivered about a 37% reduction in inventory while maintaining 100% on-time delivery and freeing floor space; packaging lessons into a scalable operating model for wider deployment.
AI Adoption and Order Automation
Deployed an AI agent at Spartan Steel Coating to automate highly variable customer order processing; testing achieved >90% accuracy with expected deployment later in the quarter, improving scalability and reducing manual effort.
Direct Volume and End-Market Wins
Direct sales volume increased 3% year-over-year and made up 65% of mix (vs. 60% prior year). Direct shipments to automotive rose 5%; energy volumes up 24% due to new solar program wins; agriculture volumes up 11% due to OEM demand and share gains.
Cash Generation and Liquidity Signals
Cash flow from operations was $45 million for the quarter; free cash flow was $8 million for the quarter and $80 million on a trailing 12-month basis. Capital expenditures were $37.1 million in the quarter; legacy Worthington Steel expects ~ $60 million capex for fiscal 2027. Announced quarterly dividend of $0.16 per share.
Customer and Employee Recognition
Earned John Deere partner level supplier rating for the 14th consecutive year; recognized as a General Motors Supplier of the Year for 2025 (fourth time, third consecutive); selected as a Top Workplace in Central Ohio for the 14th consecutive year.
MX:WS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed