Worthington Steel Quarterly Income Statement
NYSE: WSIndustrialsSteel/Iron OreUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Worthington Steel revenue and earnings
In the quarter ended May 31, 2026, Worthington Steel generated $929.2 million in revenue, up 11.6% from the same quarter a year earlier. Worthington Steel reported a net loss of $57.5 million, compared with net income of $55.7 million a year earlier. Gross margin was 12.8% (down from 15.2%) and operating margin -8.0%.
Diluted earnings per share came in at -$1.12, down from $1.11.
Summary generated from market data by MetaCap's automated system. Methodology
Worthington Steel income statement (quarterly)
| Quarter (USD) | Q4 20262026-05-31 | Q3 20262026-02-28 | Q2 20262025-11-30 | Q1 20262025-08-31 | Q4 20252025-05-31 | Q3 20252025-02-28 | Q2 20252024-11-30 | Q1 20252024-08-31 | Q4 20242024-05-31 | Q3 20242024-02-29 | Q2 20232023-11-30 | Q1 20242023-08-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 929.20M | 769.80M | 871.90M | 872.90M | 832.90M | 687.40M | 739.00M | 834.00M | 911.00M | 805.80M | 808.00M | 905.80M |
| Revenue growth (YoY) | +11.56% | +11.99% | +17.98% | +4.66% | -8.57% | -14.69% | -8.54% | -7.93% | +3.05% | +3.22% | -6.96% | — |
| Cost of Revenue | 810.40M | 693.70M | 778.70M | 757.70M | 705.90M | 606.20M | 659.00M | 733.60M | 780.00M | 685.70M | 747.80M | 777.30M |
| Gross Profit | 118.80M | 76.10M | 93.20M | 115.20M | 127.00M | 81.20M | 80.00M | 100.40M | 131.00M | 120.10M | 60.20M | 128.50M |
| Operating Expenses | 193.30M | 73.00M | 71.50M | 66.90M | 60.60M | 62.90M | 61.10M | 57.00M | 63.70M | 53.80M | 69.00M | 58.80M |
| Selling, General & Admin | 81.10M | 77.50M | 70.90M | 67.90M | 58.90M | 54.60M | 61.10M | 57.00M | 63.70M | 52.80M | 54.10M | 53.80M |
| Operating Income | -74.50M | 3.10M | 21.70M | 48.30M | 66.40M | 18.30M | 18.90M | 43.40M | 67.30M | 66.30M | -8.80M | 69.70M |
| Interest Expense | — | 2.10M | 2.70M | 2.90M | 1.00M | 1.40M | 2.10M | 2.60M | 2.40M | 2.90M | 200.00K | 500.00K |
| Other Income (Expense) | 6.70M | 9.80M | -100.00K | 200.00K | 5.70M | 200.00K | 3.80M | -5.90M | 3.70M | 100.00K | 600.00K | 900.00K |
| Pretax Income | -84.90M | 14.30M | 25.70M | 52.00M | 75.10M | 17.10M | 19.70M | 36.20M | 75.30M | 66.40M | -4.60M | 79.10M |
| Income Tax | -1.10M | 3.50M | 4.20M | 13.40M | 16.20M | 5.00M | 3.60M | 4.00M | 17.60M | 14.00M | -2.50M | 17.00M |
| Net Income | -57.50M | 10.40M | 18.80M | 36.80M | 55.70M | 13.80M | 12.80M | 28.40M | 53.20M | 49.00M | -6.00M | 58.50M |
| Net Income growth (YoY) | -203.23% | -24.64% | +46.88% | +29.58% | +4.70% | -71.84% | — | -51.45% | -20.95% | +807.41% | — | +86.90% |
| EPS (Basic) | -1.15 | 0.21 | 0.38 | 0.73 | 1.13 | 0.28 | 0.26 | 0.57 | 1.08 | 0.99 | -0.12 | 1.19 |
| EPS (Diluted) | -1.12 | 0.20 | 0.37 | 0.72 | 1.11 | 0.27 | 0.25 | 0.56 | 1.06 | 0.98 | -0.12 | 1.19 |
| Shares Outstanding (Basic) | — | 49.90M | 49.80M | 49.60M | — | 49.50M | 49.50M | 49.40M | — | 49.30M | 49.30M | 49.30M |
| Shares Outstanding (Diluted) | — | 50.90M | 50.70M | 50.60M | — | 50.50M | 50.60M | 50.40M | — | 50.30M | 49.30M | 49.30M |
| EBITDA | -53.90M | 24.70M | 43.40M | 68.60M | 83.30M | 34.90M | 35.20M | 59.60M | 83.40M | 82.20M | 7.60M | 86.60M |
| Gross Margin | 12.79% | 9.89% | 10.69% | 13.20% | 15.25% | 11.81% | 10.83% | 12.04% | 14.38% | 14.90% | 7.45% | 14.19% |
| Operating Margin | -8.02% | 40.00% | 2.49% | 5.53% | 7.97% | 2.66% | 2.56% | 5.20% | 7.39% | 8.23% | -109.00% | 7.69% |
| Net Margin | -6.19% | 135.00% | 2.16% | 4.22% | 6.69% | 2.01% | 1.73% | 3.41% | 5.84% | 6.08% | -74.00% | 6.46% |
This table shows 12 quarterly periods of Worthington Steel's income statement, from Q4 2026 back to Q1 2024, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow WS's reporting calendar. What is a income statement?