Worthington Steel Inc (WS) reported disappointing financial results for the second quarter of fiscal 2026. The company's earnings per share (EPS) of $0.38 fell short of Wall Street's consensus estimate of $0.48, missing by $0.10. However, revenue for the quarter reached $0.9 billion, slightly exceeding expectations of $0.8 billion.
This update provides insight into Worthington Steel's recent operational performance amid a challenging market environment. The company, which specializes in carbon flat-roll steel processing and serves various end markets including automotive and construction, will host an earnings conference call after market close to discuss these results further.
With a market capitalization of $1.6 billion and a P/E ratio of 13.38, Worthington Steel continues to navigate its business landscape. Investors are encouraged to review the full earnings release and listen to management's commentary for a comprehensive understanding of the quarter's performance and future outlook. Upcoming earnings are scheduled for June 23, 2026, with EPS and revenue estimates of $0.82 and $935.5 million, respectively.