Worthington SteelNYSE: WS

Worthington Steel shares dropped 6.5% despite exceeding financial forecasts due to weak industry conditions and cautious market sentiment. The company, recently split from Worthington Enterprises, has significant operations in North America and focuses heavily on the automotive market. Financial results show mixed performance with declining volumes and steel prices, yet management exceeded analyst estimates.

COLUMBUS, Ohio--(BUSINESS WIRE)--The board of directors of Worthington Steel, Inc. (NYSE: WS) has declared a quarterly dividend of $0.16 per common share.

Worthington Steel, Inc. (NYSE:WS ) Q4 2024 Earnings Call Transcript June 27, 2024 8:30 AM ET Company Participants Melissa Dykstra - VP of Corporate Communications and IR Geoff Gilmore - President and CEO Jeff Klingler - EVP and COO Tim Adams - VP and CFO Conference Call Participants Martin Englert - Seaport Research Partners Phil Gibbs - KeyBanc Capital Markets John Tumazos - John Tumazos Very Independent Research Operator Thank you for standing by. My name is Krista, and I'll be your conference operator today.

COLUMBUS, Ohio--(BUSINESS WIRE)--The board of directors of Worthington Steel, Inc. (NYSE: WS) has declared a quarterly dividend of $0.16 per common share. The dividend is payable on September 27, 2024, to shareholders of record September 13, 2024. Worthington Steel will host a conference call to discuss its fiscal fourth quarter results at 8:30 a.m. ET on Thursday, June 27, 2024. A live webcast of the call will be available on the Investor Relations section of the Company's website at www.Worth.

COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Steel, Inc. (NYSE: WS) announced today that it will report the results for its fiscal fourth quarter after the market closes on Wednesday, June 26, 2024. The Company will host a conference call to discuss its fiscal fourth quarter results at 8:30 a.m. ET on Thursday, June 27, 2024. A live webcast of the call will be available on the Investor Relations section of the Company's website at www.WorthingtonSteel.com and will be archived for one year. Live.

Worthington Steel's results easily topped its year-ago performance, and also came in better than what one analyst had expected. The company is new to public markets and investors are still trying to figure out what it is worth.