Worthington Steel, Inc. (WS)

Worthington Steel began trading as a standalone public company on December 1, 2023. In March 2025, the stock had fallen 18% since December due to economic concerns and fundamental weaknesses. In Q1 fiscal 2026, the company beat analyst estimates with adjusted earnings of 77 cents per share and net revenues of approximately $873 million, a 5% increase year-over-year. Automotive market shipments increased by 17% year-over-year in Q1 2026, leading the company to raise its full-year automotive build rate forecast. The company declared a quarterly dividend on September 24, 2025, and KeyCorp raised Worthington Steel's price target to $36.00 in September 2025. In June 2025, Worthington Steel acquired a controlling equity stake in Sitem S.p.A.

Worthington Steel's performance is influenced by cyclical demand in industries such as automotive, construction, machinery and equipment, heavy truck, agriculture, and energy. In Q1 fiscal 2026, the automotive market was a bright spot, while construction, service center, and heavy truck markets saw reductions. The demand for electrical steel is projected to grow significantly due to trends such as the decarbonization of transportation and increased infrastructure spending.

Worthington Steel, Inc. processes steel and offers a range of products including carbon flat-rolled steel, electrical steel laminations, and tailor-welded solutions. The company serves sectors such as automotive, construction, machinery and equipment, heavy truck, agriculture, and energy.

Worthington Steel is headquartered in Columbus, Ohio, and has an international presence with facilities across North America, Europe, and Asia, including the United States, Mexico, Canada, Italy, Switzerland, Slovakia, France, Germany, China, and India.

Worthington Steel is recognized as a key player in the steel industry, known for its innovative solutions and commitment to quality. The company emphasizes sustainability by increasing the use of recycled materials and implementing energy-efficient processes. The acquisition of Sitem Group and Tempel's new technology for motor core lamination bonding have further solidified its reputation for innovation.

Institutional investors own 50.73% of Worthington Steel, Inc.'s stock, while insiders own 35.92%. The top three shareholders collectively hold 50% of the business.