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COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Steel Signs Domination and Profit and Loss Transfer Agreement with Kloeckner & Co SE.
COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Steel (NYSE: WS) will host a conference call to discuss its fiscal first quarter results at 8:30 a.m. ET on Wednesday, October 7, 2026.
Worthington Steel is transforming into a value-added metals platform, leveraging the Kloeckner acquisition to expand processing density and procurement efficiencies. WS's strategic shift toward direct processing, despite lower overall tonnage, enhances value capture and positions the company for higher-quality earnings. The Kloeckner deal creates significant synergy potential ($150M run-rate by FY2028), but integration risks, leverage, and electrical steel headwinds must be managed.
Owning steel stocks in 2026 has produced radically different outcomes depending on which ticker landed in a portfolio, and the spread inside a single industry tells the entire story.
Worthington Steel, Inc. (WS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Steel announced the start of the acceptance period for its Public Delisting Tender Offer for outstanding Kloeckner & Co SE shares.
Worthington Steel, Inc. (WS) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Worthington Steel, Inc. (WS) Q4 2026 Earnings Call Transcript