Worthington Steel (WS) Q4 2025 Earnings Call June 26, 2025 08:30 AM ET Company Participants Melissa Dykstra - VP - IR & Corporate CommunicationsGeoff G. Gilmore - CEO, President & DirectorTim Adams - VP & CFOSamuel McKinney - AVP - Equity ResearchJohn Tumazos - Owner & CEO Operator Good morning, and welcome to Worthington Steel's Fourth Quarter twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answe ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for the fourth quarter was $87 million, slightly up from $86.5 million in the prior year quarter [5] - Earnings per share increased to $1.1 from $1.06 year-over-year [6] - Net sales decreased by $78 million or 9% to $833 million compared to the prior year quarter [24] - Cash flow from operations was $54 million, with free cash flow at $8 million [30] - The company ended the quarter with $38 million in cash and outstanding debt of $152 million, resulting in net debt of $114 million [31] Business Line Data and Key Metrics Changes - Automotive shipments increased by 5% year-over-year, contributing positively to overall performance [25] - Heavy truck market saw volume increases due to market share gains, despite a slowdown in the truck and trailer market [27] - Construction volume decreased by 5% year-over-year, consistent with historical fourth-quarter levels [27] - Agricultural market volumes were down 40% compared to the prior year quarter, primarily due to softness in the agricultural equipment market [28] Market Data and Key Metrics Changes - Market pricing for hot rolled coil started the year at just under $700 per ton, spiked to $950 per ton due to tariffs, and then dropped to approximately $850 per ton [23] - Estimated pretax inventory holding gains for the fourth quarter were $20.8 million, compared to losses of $3.4 million in the prior year quarter [21] - Direct sales volume made up 60% of the mix in the current year quarter, up from 58% in the prior year quarter [24] Company Strategy and Development Direction - The company is focused on three strategic pillars: investments in the electrical steel market, margin-accretive growth through strategic CapEx and acquisitions, and base business improvements [8] - The acquisition of a 52% stake in CEDIM enhances the company's position in the European electric motor lamination market [10][11] - The company is integrating artificial intelligence into operations to improve productivity and quality [14] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the macroeconomic environment, noting uncertainty around policy and economic conditions [15] - The company is focused on improving processes and gaining market share despite headwinds [16] - Management believes the right strategy and strong customer relationships will drive future growth [16] Other Important Information - The company was named a 2024 Supplier of the Year by General Motors, marking the fourth time in five years [12] - The addition of Mark Davis to the Board of Directors is expected to enhance governance and strategic direction [15] Q&A Session Summary Question: How did the company achieve a richer mix of direct tons and stronger metal spreads? - Management noted that the fourth quarter typically sees strong volume, and while year-over-year volume was flat, quarter-over-quarter volume was up significantly, indicating solid market conditions [38][39] Question: What is the outlook for the galvanized spreads market? - Management expressed cautious optimism, citing tariff impacts and anti-dumping cases that may limit imports and improve spreads over time [42][44] Question: How can the company continue to succeed in the automotive market despite OEM destocking? - Management highlighted significant market share gains in the automotive sector, which helped offset declines in OEM build rates [49][50] Question: What are the competitive dynamics in the Taylor welded blanks business? - Management explained that the market is highly technical with few players in North America, and the company is focused on growth through acquisitions and technical advancements [54][56]

Worthington Steel Investor Presentation | June 2025 Safe Harbor Statement Selected statements contained in this release constitute "forward-looking statements," as that term is used in the Private Securities Litigation Reform Act of 1995 (the "Act"). The Company wishes to take advantage of the safe harbor provisions included in the Act. Forward-looking statements reflect the Company's current expectations, estimates or projections concerning future results or events. These statements are often identified by ...

Things have not been going particularly well for shareholders of Worthington Steel (NYSE: WS ) lately. The steel company has taken quite a tumble in recent months, likely because of broader economic concerns and continued weakness from a fundamentalCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account ...

EXHIBIT 99.1 Worthington Steel Reports Third Quarter Fiscal 2025 Results COLUMBUS, Ohio, March 19, 2025 – Worthington Steel, Inc. (NYSE: WS), a market-leading, value-added metals processing company, today reported financial results for the fiscal 2025 third quarter ended February 28, 2025. Third Quarter Highlights (all comparisons to the third quarter of fiscal 2024): "As expected, the headwinds from the second quarter continued into our third quarter of fiscal 2025 as customers managed uncertainty. During ...

Worthington Steel (WS) Q3 2025 Earnings Call March 20, 2025 08:30 AM ET Company Participants Melissa Dykstra - Vice President of Corporate Communication & Investor RelationsGeoff G. Gilmore - CEO, President & DirectorTim Adams - VP & CFOJohn Tumazos - Owner and CEO Conference Call Participants Martin Englert - Senior Equity Research Analyst - Metals & MiningPhilip Gibbs - Director, Metals Equity Research Analyst Operator Hello, and welcome to Worthington Steel's Third Quarter twenty twenty five Earnings Cal ...

Worthington Steel (WS) Q3 2025 Earnings Call March 20, 2025 08:30 AM ET Company Participants Melissa Dykstra - Vice President of Corporate Communication & Investor RelationsGeoff G. Gilmore - CEO, President & DirectorTim Adams - VP & CFOJohn Tumazos - Owner and CEO Conference Call Participants Martin Englert - Senior Equity Research Analyst - Metals & MiningPhilip Gibbs - Director, Metals Equity Research Analyst Operator Hello, and welcome to Worthington Steel's Third Quarter twenty twenty five Earnings Cal ...

Group 1: Earnings Performance - Worthington Steel, Inc. reported quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.67 per share, and down from $0.99 per share a year ago, representing an earnings surprise of -47.76% [1] - The company posted revenues of $687.4 million for the quarter ended February 2025, missing the Zacks Consensus Estimate by 6.09%, compared to year-ago revenues of $805.8 million [2] - Over the last four quarters, Worthington Steel has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Worthington Steel shares have lost about 18% since the beginning of the year, while the S&P 500 has declined by -4.5% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.94 on $776 million in revenues, and for the current fiscal year, it is $2.26 on $3.13 billion in revenues [7] Group 3: Industry Context - The Steel - Specialty industry, to which Worthington Steel belongs, is currently in the top 34% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]

EXHIBIT 99.1 Melissa Dykstra Vice President Corporate Communications and Investor Relations Phone: 614-840-4144 Melissa.Dykstra@worthingtonsteel.com 100 W. Old Wilson Bridge Rd. Columbus, OH 43085 WorthingtonSteel.com Worthington Steel Reports Second Quarter Fiscal 2025 Results COLUMBUS, Ohio, December 18, 2024 – Worthington Steel, Inc. (NYSE: WS), a market-leading, value-added metals processing company, today reported financial results for the fiscal 2025 second quarter ended November 30, 2024. Second Quar ...

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