Worthington Steel reported a net loss attributable to controlling interest of $7.0 million for the first quarter of fiscal 2027 ended August 31, 2026, compared to net earnings of $36.8 million in the prior year quarter. Diluted loss per share from continuing operations was $0.14, versus diluted earnings per share of $0.73 previously. Net sales surged 212% to $2,726.6 million, driven by the consolidation of Kloeckner & Co following its majority acquisition in June 2026; excluding Kloeckner, net sales increased 9%. Operating income rose to $56.0 million from $48.3 million, while adjusted diluted EPS was $0.57 compared to $0.77 in the prior year. The company also declared a quarterly cash dividend of $0.16 per share payable on December 28, 2026. Worthington Steel is a leading value-added metals processing and manufacturing company.
