Worthington Steel, Inc. (NYSE: WS) reported financial results for the fiscal 2026 second quarter, ending November 30, 2025.
Highlights include net sales of $871.9 million, operating income of $21.7 million, and net earnings of $18.8 million.
The company's focus on higher-value solutions and outstanding service is driving a stronger earnings profile.
Financial Growth
Net sales increased by 18% to $871.9 million compared to the previous year.
Earnings Performance
Net earnings attributable to controlling interest rose to $18.8 million compared to $12.8 million.
Strategic Focus
Focused strategy on disciplined product mix and inventory management is enhancing earnings resilience.
- The company's strong financial performance was driven by higher direct volumes and increased selling prices.
- Gross margin improved by $13.2 million due to higher direct volumes and spreads, partially offset by lower toll margins.
- Operating income increased to $21.7 million, primarily due to higher gross margin and partially offset by increased expenses.
Worthington Steel's Q2 results reflect a successful strategy execution leading to revenue and earnings growth. The company's focus on value-added solutions positions it well for future success in the market.