Worthington Steel Q1 sales rise 5%

Worthington Steel

24/09/2025 21:25

Overview

Worthington Steel fiscal Q1 net sales rise 5% yr/yr to $872.9 mln

Adjusted EPS for fiscal Q1 rises to $0.77

Sitem Group acquisition boosts direct sales volumes by 1% in fiscal Q1

Result Drivers

DIRECT VOLUME INCREASE - Higher direct volumes, including a 1% contribution from Sitem Group acquisition, drove sales growth

INVENTORY GAINS - Gross margin benefited from a $22.2 mln favorable change in inventory holding gains

TOLL VOLUME DECLINE - Toll volumes fell 22% due to softening demand and a facility closure

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$872.90 mln
$834.60 mln (1 Analyst)
Q1 Adjusted EPS
Beat
$0.77
$0.76 (1 Analyst)
Q1 EPS
$0.72
Q1 Net Income
$36.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the iron & steel peer group is "buy"

Wall Street's median 12-month price target for Worthington Steel Inc is $36.00, about 8.2% above its September 23 closing price of $33.05

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw72k5c8a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)