Worthington Steel down on quarterly profit miss

Worthington Steel

07/10/2026 15:09

 ** US metals processor Worthington Steel WS.N shares fall 8.8% to $24.93
** WS reports Q1 adj EPS of 57 cents, missing analysts' estimate of 68 cents - Data compiled by LSEG
** Co reports quaterly rev of $953.9 mln, beating analysts' estimate of $885.9 mln, driven by the Kloeckner acquisition
** Co says it expects sale of Kloeckner Disposal Group to be completed within one year of acquisition
** Out of the 2  brokerages covering the stock 1 rates it "buy" and 1 "hold"; median PT is $46
** Including session's moves, WS up 1.4% YTD

 (Reporting by Jayasree Prabhu)
 ((jayasree.prabhu@thomsonreuters.com))