| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 871.90 | 0.1% | 18.0% |
| Total Income | 871.90 | 0.1% | 18.0% |
| Expenditure | 850.20 | 3.1% | 18.1% |
| PBT | 25.70 | 50.6% | 30.5% |
| Net Profit | 18.80 | 48.9% | 46.9% |
| OPM | 2.49% | 3.04pp | 0.07pp |
| NPM | 2.16% | 2.06pp | 0.42pp |
| EPS | 0.38 | 48.0% | 46.1% |
Worthington Steel Reports Q2 FY2026 Results: Net Sales Increase 18%
04 May 2026 · 4 May, 6:54 am
Summary
Worthington Steel reported an 18% increase in net sales, reaching $871.9 million for the second quarter of fiscal 2026, compared to $739.0 million in the prior year quarter. Operating income also increased to $21.7 million from $18.9 million. Net earnings attributable to controlling interest rose to $18.8 million, with adjusted EBIT at $26.6 million. Geoff Gilmore, president and CEO, stated that the results reinforce the effectiveness of the company's strategy, focusing on higher-value solutions and disciplined product mix.
Key Highlights
- 1
Net sales of $871.9 million increased 18% compared to $739.0 million in the second quarter of fiscal 2025.
- 2
Operating income reached $21.7 million, compared to $18.9 million in the prior year quarter.
- 3
Net earnings attributable to controlling interest were $18.8 million, up from $12.8 million.
- 4
Net earnings per diluted share attributable to controlling interest increased to $0.37, compared to $0.25.
- 5
Adjusted EBIT totaled $26.6 million, a significant increase from $14.3 million.
- 6
The company declared a quarterly dividend of $0.16 per share, payable on March 27, 2026.
Management Comments
Geoff Gilmore
“Our results this quarter reinforce that our strategy is working,” said Geoff Gilmore, president and CEO of Worthington Steel. “By staying focused on higher-value solutions, disciplined product mix, inventory management, and outstanding service, we are building a stronger, more resilient earnings profile even as markets remain mixed. We believe that focus will continue to serve us well as conditions evolve heading into calendar 2026.”
Informational and educational content only. Not investment advice.