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Worthington Steel WS Q3 2026 earnings

Reported March 25, 2026 · After market close

Revenue$769.8MMiss by $113.1MDiluted EPS$0.27Miss by $0.20
Revenue estimate$882.9M
EPS estimate$0.47

Next report

Sep 23, 2026 (in 3 months)
Revenue estimate$922.7M
EPS estimate$0.68

Financials

Q3 2026

Income statement

See full
Revenue$769.8M+12.0%
Gross profit$76.1M-6.3%
Operating income$3.1M-83.1%
Net income$10.4M-24.6%
EPS (diluted)$0.20-25.9%

Balance sheet

See full
Cash & equivalents$90.0M+42.2%
Total debt$325.5M+72.0%
Total equity$1.1B+11.1%
Total assets$2.3B+28.7%

Cash flow

See full
Operating cash flow$63.3M+17.7%
CapEx$30.0M+4.9%
Free cash flow$33.3M+32.1%

Valuation & ratios

Valuation

as of 02/28/26
See full
Market cap$2.11B+56.0%
Enterprise value$2.35B+58.6%
P/E17.3×+4.8×
P/S0.6×+0.2×

Profitability

See full
Gross margin12.3%-0.1pp
Operating margin4.2%-0.5pp
Net margin3.6%+0.2pp
FCF margin2.4%-0.5pp

Returns & leverage

See full
Return on equity11.4%+0.3pp
Debt / equity0.3×+0.1×
Current ratio1.5×-0.3×

Segments

By product

See full
Direct$743.0M+13.6%
Toll$26.8M-20.2%

Versus estimates

Revenue

Q4 2026$929.2MMiss by $62.8M
Q3 2026$769.8MMiss by $113.1M
Q2 2026$871.9MBeat by $70.2MQ1 2026$872.9MBeat by $87.6MQ4 2025$832.9MBeat by $107.9MQ3 2025$687.4MMiss by $113.1M

Diluted EPS

Q4 2026$0.74Beat by $0.01
Q3 2026$0.27Miss by $0.20
Q2 2026$0.38Miss by $0.01Q1 2026$0.77Beat by $0.03Q4 2025$1.05Beat by $0.22Q3 2025$0.35Miss by $0.32

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Questions, answered.

When did Worthington Steel report Q3 2026 earnings?
Worthington Steel (WS) reported Q3 2026 earnings on March 25, 2026 after market close.
What were Worthington Steel's Q3 2026 revenue and EPS?
Worthington Steel reported revenue of $769.8M and diluted EPS of $0.27 for Q3 2026.
Did Worthington Steel beat estimates in Q3 2026?
Revenue missed the consensus estimate of $882.9M by $113.1M. EPS missed the consensus estimate of $0.47 by $0.20.
How did Worthington Steel's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 12.0% from $687.4M a year earlier and diluted EPS declined 22.9% from $0.35.
Where can I find Worthington Steel's Q3 2026 SEC filings?
You can read the 8-K earnings release (0001968487-26-000003) and the 10-Q periodic report (0001968487-26-000008) directly on SEC EDGAR. The filing index links above go to sec.gov.