Worthington Steel reported revenue of $929.20M and net income of -$83.80M for the quarter ended May 2026, up 11.6% year over year. This income statement covers 15 quarters of results from Nov 2022 through May 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Nov2022 | Feb2023 | May2023 | Aug2023 | Nov2023 | Feb2024 | May2024 | Aug2024 | Nov2024 | Feb2025 | May2025 | Aug2025 | Nov2025 | Feb2026 | May2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||
| Revenue | 868.40M | 780.70M | 884.00M | 905.80M | 808.00M | 805.80M | 911.00M | 834.00M | 739.00M | 687.40M | 832.90M | 872.90M | 871.90M | 769.80M | 929.20M |
| Cost of RevenueCost of Rev | 833.90M | 717.50M | 733.80M | 777.30M | 747.80M | 685.70M | 780.00M | 733.60M | 659.00M | 606.20M | 705.90M | 757.70M | 778.70M | 693.70M | 810.40M |
| Gross Profit | 34.50M | 63.20M | 150.20M | 128.50M | 60.20M | 120.10M | 131.00M | 100.40M | 80.00M | 81.20M | 127.00M | 115.20M | 93.20M | 76.10M | 118.80M |
| Operating items | |||||||||||||||
| Selling, General & AdministrativeSG&A | 50.70M | 49.70M | 53.10M | 53.80M | 54.10M | 52.80M | 63.70M | 57.00M | 61.10M | 54.60M | 58.90M | 67.90M | 70.90M | 77.50M | 81.10M |
| Restructuring CostsRestructuring | -4.30M | 0.90M | 1.70M | -1.00M | -6.00M | ||||||||||
| Operating ExpensesOpex | 46.40M | 49.70M | 53.10M | 53.80M | 54.10M | 52.80M | 63.70M | 57.00M | 61.10M | 55.50M | 60.60M | 66.90M | 70.90M | 71.50M | 81.10M |
| Operating IncomeOp. Inc | -19.90M | 9.50M | 89.80M | 69.70M | -8.80M | 66.30M | 67.30M | 43.40M | 18.90M | 18.30M | 66.40M | 48.30M | 21.70M | 3.10M | -74.50M |
| EBIT | -19.90M | 9.50M | 89.80M | 69.70M | -8.80M | 66.30M | 67.30M | 43.40M | 18.90M | 18.30M | 66.40M | 48.30M | 21.70M | 3.10M | -74.50M |
| Non-operating items | |||||||||||||||
| Non Operating Interest Expenses | 0.90M | 0.50M | 0.30M | 0.50M | 0.20M | 2.90M | 2.40M | 2.60M | 2.10M | 1.40M | 1.00M | 2.90M | 2.70M | 2.10M | 20.70M |
| Other Non Operating IncomeOther Non Op Inc. | 0.90M | 1.30M | 1.30M | 0.90M | 0.60M | 0.10M | 3.70M | -5.90M | 3.80M | 0.20M | 5.70M | 0.20M | -0.10M | 9.80M | 6.70M |
| Net income details | |||||||||||||||
| EBT | -18.00M | 10.10M | 95.00M | 79.10M | -4.60M | 66.40M | 75.30M | 36.20M | 19.70M | 17.10M | 75.10M | 52.00M | 25.70M | 14.30M | -44.70M |
| Tax ProvisionsTaxes | -5.50M | 0.80M | 33.10M | 17.00M | -2.50M | 14.00M | 17.60M | 4.00M | 3.60M | 5.00M | 19.30M | 13.40M | 4.20M | 3.50M | 9.30M |
| Profit After TaxPAT | -12.50M | 9.30M | 71.60M | 62.10M | -2.10M | 52.40M | 57.70M | 32.20M | 16.10M | 13.80M | 58.90M | 38.60M | 21.50M | 10.80M | -83.80M |
| Equity Income | 1.90M | -0.20M | 4.20M | 9.00M | 3.80M | 2.90M | 6.70M | 1.30M | -0.90M | 4.00M | 6.40M | 6.80M | 3.50M | 3.60M | |
| Income from Non-Controlling InterestsInc. Minority | 3.30M | 3.90M | 4.30M | 3.60M | 3.90M | 3.40M | 4.50M | 3.80M | 3.30M | -1.70M | 3.20M | 1.80M | 2.70M | 0.40M | -26.30M |
| Income from Continuing OperationsIncome (Continuing) | -12.50M | 9.30M | 61.90M | 62.10M | -2.10M | 52.40M | 57.70M | 32.20M | 16.10M | 12.10M | 55.80M | 38.60M | 21.50M | 10.80M | -54.00M |
| Consolidated Net IncomeConsol Net Inc. | -12.50M | 9.30M | 61.90M | 62.10M | -2.10M | 52.40M | 57.70M | 32.20M | 16.10M | 12.10M | 55.80M | 38.60M | 21.50M | 10.80M | -54.00M |
| Income towards Parent CompanyParent Net Inc | -12.50M | 9.30M | 61.90M | 62.10M | -2.10M | 52.40M | 57.70M | 32.20M | 16.10M | 12.10M | 55.80M | 38.60M | 21.50M | 10.80M | -54.00M |
| Preferred Dividend PaymentsPref Dividends | 0.50M | ||||||||||||||
| Net Income towards Common StockholdersNet Income | -12.50M | 9.30M | 61.90M | 62.10M | -2.10M | 52.40M | 57.70M | 28.40M | 16.10M | 12.10M | 55.80M | 36.30M | 21.50M | 10.80M | -54.00M |
| Additional items | |||||||||||||||
| EPS (Basic) | -0.25 | 0.19 | 1.26 | 1.26 | -0.04 | 1.06 | 1.17 | 0.57 | 0.33 | 0.24 | 1.13 | 0.73 | 0.43 | 0.22 | -1.08 |
| EPS (Diluted) | -0.25 | 0.19 | 1.26 | 1.26 | -0.04 | 1.04 | 1.16 | 0.56 | 0.32 | 0.24 | 1.10 | 0.72 | 0.42 | 0.21 | -1.06 |
| Shares Outstanding | 49.30M | 49.30M | 49.30M | 49.30M | 49.30M | 49.30M | 49.30M | 49.40M | 49.50M | 49.50M | 49.50M | 49.60M | 49.80M | 49.90M | 49.80M |
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 49.30M | 49.30M | 49.30M | 49.30M | 49.30M | 50.30M | 49.80M | 50.40M | 50.60M | 50.50M | 50.50M | 50.60M | 50.70M | 50.90M | 50.80M |
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 49.30M | 49.30M | 49.30M | 49.30M | 49.30M | 49.30M | 49.33M | 49.42M | 49.50M | 49.54M | 49.55M | 49.64M | 49.90M | 49.91M | 49.92M |
| EBITDA | -19.90M | 9.50M | 89.80M | 69.70M | -8.80M | 66.30M | 67.30M | 43.40M | 18.90M | 18.30M | 66.40M | 48.30M | 21.70M | 3.10M | -74.50M |
| Interest ExpensesInt Expense | 0.90M | 0.50M | 0.30M | 0.50M | 0.20M | 2.90M | 2.40M | 2.60M | 2.10M | 1.40M | 1.00M | 2.90M | 2.70M | 2.10M | 20.70M |
| Tax Rate | 30.56% | 7.92% | 34.84% | 21.49% | 54.35% | 21.08% | 23.37% | 11.05% | 18.27% | 29.24% | 25.70% | 25.77% | 16.34% | 24.48% | -20.81% |