Worthington Steel Inc. Reports Fiscal 2025 Net Sales Decline of $337.3 Million, EPS Drops to $2.19
Worthington Steel Inc. reported a fiscal 2025 net sales decline of $337.3 million, totaling $3.093 billion, down from $3.431 billion in fiscal 2024. Operating income fell to $147 million from $194.5 million, and net earnings attributable to controlling interest decreased to $110.7 million from $154.7 million. Earnings per diluted share dropped to $2.19 from $3.11. The declines were attributed to a decrease in gross margin, reduced equity earnings at Serviacero Worthington, and increased selling, general, and administrative expenses.
Worthington Steel Inc. has released its financial results for the fiscal year ending May 31, 2025. The company reported a decline in net sales, which amounted to $3.093 billion, down from $3.431 billion in the previous fiscal year, marking a decrease of $337.3 million. Operating income also decreased to $147 million, compared to $194.5 million in fiscal 2024, reflecting a reduction of $47.5 million. Net earnings attributable to controlling interest fell to $110.7 million from $154.7 million, a drop of $44 million. Earnings per diluted common share attributable to controlling interest decreased by $0.92, from $3.11 to $2.19. The company attributed these declines primarily to a $51.2 million decrease in gross margin, an $18.0 million reduction in equity earnings at Serviacero Worthington, and a $7.2 million increase in selling, general, and administrative expenses compared to the previous year. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Worthington Steel Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-099742), on July 29, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
