WS

Worthington Steel, Inc. (WS) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The upward trend in estimate revisions for this steel processing company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For Worthington Steel, Inc., strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: The company is expected to earn $1.16 per share for the current quarter, which represents a year-over-year change of +50.7%. The Zacks Consensus Estimate for Worthington Steel, Inc. has increased 70.59% over the last 30 days, as one estimate has gone higher compared to no negative revisions. For the full year, the company is expected to earn $3.40 per share, representing a year-over-year change of +52.5%. In terms of estimate revisions, the trend for the current year also appears quite encouraging for Worthington Steel, Inc.. Over the past month, one estimate has moved higher compared to no negative revisions, helping the consensus estimate increase 25.74%. Thanks to promising estimate revisions, Worthington Steel, Inc. currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. Investors have been betting on Worthington Steel, Inc. because of its solid estimate revisions, as evident from the stock's 13.6% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Worthington Steel, Inc. (WS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Worthington Steel, Inc. will release its fourth quarter earnings report after the closing bell on Wednesday, June 24. Analysts expect the company to report quarterly earnings of 73 cents per share, down from $1.05 per share in the year-ago period. The consensus estimate for Worthington Steel’s quarterly revenue is $992 million. It reported $832.9 million last year, according to Benzinga Pro. Ahead of quarterly earnings, Keybanc analyst Samuel McKinney, on June 2, maintained Worthington Steel with an Overweight rating and raised the price target from $38 to $46. Don’t Miss: The Average Family’s Finances Are More Complicated Than Ever. These Tools Aim To Make Them Easier To Manage. Think Your ‘Safe’ Stocks Protect You? You’re Ignoring the Real Growth Triggers — Here’s What to Add Now With the recent buzz around Worthington Steel, some investors may be eyeing potential gains from the company’s dividends too. As of now, Worthington Steel has an annual dividend yield of 1.61%, which is a quarterly dividend amount of 16 cents per share (64 cents a year). So, how can investors exploit its dividend yield to pocket a regular $500 monthly? To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $372,750 or around 9,375 shares. For a more modest $100 per month or $1,200 per year, you would need $74,550 or around 1,875 shares. To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($0.64 in this case). So, $6,000 / $0.64 = 9,375 ($500 per month), and $1,200 / $0.64 = 1,875 shares ($100 per month). Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time. See Also: Caught With Nothing Saved for Retirement? These 5 Game‑Changing Tips Could Still Save You How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price. For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40). Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield. Photo via Shutterstock Read Next: Think you’re saving enough for your kids? You might be dangerously off — see why Still Learning the Market? 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This article first appeared on GuruFocus. Net Sales: Increased by 12% to $929.2 million. Adjusted EBITDA: $75.2 million. Adjusted Earnings Per Share: $0.74. Net Loss: $48.7 million, or $0.98 per share. Pre-tax Acquisition Related Expenses: $15.5 million. Pre-tax Loss on Foreign Currency Forward Contract: $11.5 million. Pre-tax Income from Klockner Securities: $17.2 million. Pre-tax Non-cash Impairment in Electrical Steel: $94.5 million. Total Shipments: Approximately 939,000 tons, down 4% year over year. Direct Sale Volume: Increased 3% year over year. Automotive Direct Shipments: Increased 5% year over year. Energy Volume: Up 24% due to new program wins in the solar market. Agriculture Volume: Up 11% due to improved OEM equipment demand and share gains. Construction Market Shipments: Down 14% year over year. Heavy Truck Shipments: Down 14% year over year. Free Cash Flow: $8 million. Capital Expenditures: $37.1 million in the quarter. Cash Flow from Operations: $45 million. Net Debt: $172 million, up $11 million sequentially. Quarterly Dividend: $0.16 per share, payable September 29, 2026. Warning! GuruFocus has detected 5 Warning Sign with WS. Is WS fairly valued? Test your thesis with our free DCF calculator. Release Date: June 25, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Worthington Steel Inc (NYSE:WS) completed the largest acquisition in its history by becoming the majority shareholder of Klockner & Company, significantly expanding its scale, capabilities, and market reach. The acquisition of Klockner provides Worthington Steel Inc (NYSE:WS) with a broader set of products and processing capabilities, enhancing its offerings in aluminum, stainless, long products, plate, and fabrication. The company reported a 12% increase in net sales to $929.2 million, demonstrating strong revenue growth. Worthington Steel Inc (NYSE:WS) continues to make progress in operational efficiency, applying Lean Flow principles to reduce inventory and improve cycle times at its facilities. The company is advancing its use of artificial intelligence, achieving over 90% accuracy in automating customer order management processes, which enhances scalability and reduces manual effort. Worthington Steel Inc (NYSE:WS) reported a net loss attributable to controlling interest of $48.7 million, or 98 cents per share, compared to earnings in the prior year quarter. The company faced a $94.5 million pre-tax non-cash impairment in its electrical steel reporting unit, reflecting a reset in near-term expectations for certain markets. Toll processing volumes declined by 15% year over year, impacting overall performance. The construction market remains weak, with elevated interest rates and inflationary pressures posing continued headwinds. The integration of Klockner is still in its early stages, with several steps required before full operational synergy can be achieved. Q: Metal spreads have expanded significantly since last quarter. Can you discuss the potential upside this provides as we move forward? A: Timothy Adams, CFO, explained that sequential improvements were due to volume increases, which boosted gross margins. Year-over-year, the price of steel has jumped by about $175, affecting spreads. Geoffrey Gilmore, CEO, added that the spread between hot rolled and galvanized steel has improved, which is promising for their value-added business. Q: How are you viewing volume impacts in the automotive sector as we move into the new fiscal year, considering market share gains? A: Geoffrey Gilmore, CEO, noted that while automotive build rates are cautiously optimistic, market share gains have offset any softness. They expect further market share gains in 2027 as new programs and contracts start. Q: Are you seeing any shift from aluminum back to steel in the auto supply chain, or any reshoring from Mexico to the US? A: Geoffrey Gilmore, CEO, stated that while automotive companies are considering shifts due to aluminum market changes, Worthington Steel is not heavily involved in areas where aluminum substitutes for steel. No significant reshoring from Mexico to the US is anticipated until more clarity on USMCA is achieved. Q: What portion of your tolling business volumes are processed for steel mills? A: Timothy Adams, CFO, mentioned that approximately 75% of their toll mix is weighted towards steel mills. Q: Can you elaborate on the AI applications you are pursuing and the accuracy of these systems? A: Geoffrey Gilmore, CEO, explained that their AI agent for customer order management achieved over 90% accuracy in testing. They are working on improving this through more practice and testing, ensuring the information fed to AI is 100% accurate. Q: Do you have a specific budget for AI spending in the upcoming fiscal year? A: Geoffrey Gilmore, CEO, stated that there is no specific budget set for AI, but they plan to continue investing in it and are close to announcing partnerships to accelerate their AI journey. Q: Can you review the synergies expected from the Klockner acquisition? A: Geoffrey Gilmore, CEO, reiterated their target of $150 million in EBITDA synergies and another $150 million in working capital opportunities, split 50/50 over the first two years. They are confident in achieving these targets and reducing debt by half within the same timeframe. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

COLUMBUS, Ohio, June 24, 2026--(BUSINESS WIRE)--Worthington Steel, Inc. (NYSE: WS), a market-leading, value-added metals processing company, today reported financial results for the fiscal 2026 fourth quarter ended May 31, 2026. Fourth Quarter Highlights (all comparisons to the fourth quarter of fiscal 2025): Net sales of $929.2 million increased 12% compared to $832.9 million. Operating loss of $57.6 million compared to operating income of $66.4 million due primarily to non-cash impairments in the Electrical Steel reporting unit and acquisition related expenses in the fourth quarter of fiscal 2026. Net loss attributable to controlling interest of $48.7 million compared to net earnings attributable to controlling interest of $55.7 million. Net loss per diluted share attributable to controlling interest of $0.98 compared to net earnings per diluted share attributable to controlling interest of $1.10; adjusted net earnings per diluted share attributable to controlling interest of $0.74 compared to $1.05. Adjusted EBIT of $54.0 million compared to $70.1 million. In January 2026, the Company entered into a business combination agreement with Klöckner & Co SE ("Kloeckner") and launched a voluntary public cash takeover offer for all outstanding Kloeckner shares at €11.00 per share. During the fourth quarter, shares representing a majority of Kloeckner’s outstanding share capital were tendered into the offer, satisfying the minimum acceptance threshold. On June 3, 2026, subsequent to the end of fiscal 2026, the Company completed settlement of the offer and its acquisition of a majority interest in Kloeckner, securing approximately 62% of Kloeckner’s outstanding shares following settlement (the "Kloeckner Acquisition"), representing a significant milestone toward eventual operating control and value capture. Recognized as a John Deere Partner-level Supplier for the 14th consecutive year and received John Deere’s inaugural Community Engagement Award. Named a Top Workplace in Columbus by Columbus CEO magazine, marking the 14th consecutive year the Company has earned this recognition. Declared a quarterly dividend of $0.16 per share payable on September 29, 2026, to shareholders of record at the close of business on September 15, 2026. "Worthington Steel closed fiscal 2026 with continued progress against our long-term strategy," said Geoff Gilmore, president and chief executive officer. "Fourth quarter results reflected solid execution in a mixed market with tighter year-over-year value-added spreads, which are beginning to normalize. Higher net sales were supported by growth in our direct business and continued focus on value-added solutions for customers. The completion of the Kloeckner transaction shortly after year-end marks the largest acquisition in our history and a defining step in building a stronger, more diversified metals processing platform. As we move forward, our priorities remain clear: safety, customer service, operational discipline, integration readiness and strong returns for shareholders." Quarterly Results Net sales for the fourth quarter of fiscal 2026 were $929.2 million, an increase of $96.3 million, or 12%, compared to the prior year quarter. This increase was driven primarily by higher direct volumes, including the $47.6 million impact of the addition of Sitem Group and, to a lesser extent, higher average direct selling prices. Direct tons sold increased by 3%, with legacy business, excluding Sitem Group, increasing 1% and the remaining increase due to the addition of Sitem Group. Direct selling prices, excluding the impact of Sitem Group, increased 5% in the fourth quarter of fiscal 2026 compared to the prior year quarter. Toll processing sales decreased $1.9 million, or 6%, in the fourth quarter of fiscal 2026 compared to the prior year quarter. Toll volumes decreased 15% in the fourth quarter of fiscal 2026 compared to the prior year quarter. The decrease in toll volumes was due to a combination of closing the Cleveland-area Worthington Samuel Coil Processing ("WSCP") facility in May 2025 as well as softening demand from mill customers. Toll selling prices increased 11% in the fourth quarter of fiscal 2026 compared to the prior year quarter, primarily due to higher value-added mix within toll processing. The mix of direct tons versus toll tons processed was 65% to 35% in the fourth quarter of fiscal 2026 compared to 60% to 40% in the prior year quarter. Gross margin in the fourth quarter of fiscal 2026 was $118.1 million, a decrease of $8.9 million compared to the prior year quarter. The decrease was primarily driven by lower direct spreads (calculated as sales less material costs) and lower toll spreads, partially offset by a $2.3 million favorable impact from Sitem Group. Direct spreads decreased by $6.6 million primarily due to a $6.1 million unfavorable change from an estimated $20.8 million inventory holding gain in the prior year quarter to an estimated $14.7 million inventory holding gain in the fourth quarter of fiscal 2026. Additionally, value-added market spread compression negatively impacted direct spreads by $2.6 million compared to the prior year. These headwinds were partially offset by $2.1 million spread impact of higher direct volumes, notably in automotive. Toll spreads, down $2.4 million, were negatively impacted by $4.0 million due to lower volumes, partially offset by $1.6 million due to a favorable change in toll price due to mix. Operating loss in the fourth quarter of fiscal 2026 was $57.6 million, a decrease of $124.0 million compared to the prior year quarter. The decrease was driven primarily by $94.5 million of goodwill and long-lived assets impairment charges, a $22.3 million increase in selling, general and administrative ("SG&A") expense, and a $8.9 million decrease in gross margin, partially offset by a $1.7 million favorable change in restructuring and other (income), expense, net. During the fourth quarter of fiscal 2026, the Company recognized $94.5 million of impairments related to goodwill and long-lived assets within the Electrical Steel reporting unit. The impairments resulted from weakened demand in certain end markets, particularly industrial motors in both Europe and the United States, due to increased foreign competition, and in automotive, some delayed program launches. The $22.3 million increase in SG&A expense, which included $4.3 million related to Sitem Group, was primarily attributable to $15.5 million of professional fees related to the Kloeckner Acquisition, and to a lesser extent, an increase in compensation and benefits expenses of $2.5 million. During the fourth quarter of fiscal 2025, the Company recognized restructuring expenses of $1.7 million due to the previously announced plans to combine WSCP’s toll processing manufacturing facility in Cleveland, Ohio into its existing manufacturing facility in Twinsburg, Ohio, as well as the severance expense associated with the TWB Company’s ("TWB") voluntary retirement program. Net loss attributable to controlling interest of $48.7 million in the fourth quarter of fiscal 2026 compares to net earnings attributable to controlling interest of $55.7 million in the prior year quarter. Net loss per diluted share attributable to controlling interest of $0.98 per diluted share for its fiscal 2026 fourth quarter compares to net earnings per diluted share attributable to controlling interest of $1.10 in the prior year quarter. Adjusted net earnings attributable to controlling interest of $37.9 million in the fourth quarter of fiscal 2026 compares to $53.4 million in the prior year quarter. Adjusted net earnings per diluted share attributable to controlling interest of $0.74 compares to $1.05 in the prior year quarter. The fourth quarter of fiscal 2026 adjusted results exclude a $66.7 million after-tax impairment of goodwill and long-lived assets, or $1.31 per diluted share, an $8.7 million unrealized after-tax loss on a Kloeckner purchase derivative, or $0.17 per diluted share, an $11.8 million after-tax Kloeckner acquisition-related expenses adjustment, or $0.23 per diluted share, a $12.2 million after-tax gain due to net investment income on Kloeckner securities held, or $0.24 per diluted share, a $12.3 million after-tax adjustment due to the expense related to the bridge nonrevolving loan commitment costs associated with the Kloeckner Acquisition, or $0.24 per diluted share, and $0.7 million after-tax pension adjustments, or $0.01 per diluted share. In addition, the impact of $0.02 per dilutive share was excluded in calculating the Company’s fourth quarter fiscal 2026 adjusted net earnings per diluted share attributable to controlling interest as this reflects the effect of these potentially dilutive shares that would otherwise be anti-dilutive on the net loss attributable to controlling interest. The prior year quarter adjusted results exclude a $3.0 after-tax gain on the Sitem Group purchase price derivative, or $0.06 per diluted share, and $0.7 million after-tax restructuring and other expense, net, or $0.01 per diluted share. For additional information on non-GAAP financial measures, see the Non-GAAP Financial Measures / Supplemental Data section later in this release. Certain amounts disclosed within the Company’s quarterly results have been adjusted to conform to the current presentation due to the update to estimated tax rates on Non-GAAP adjustments in fiscal 2026. The adjustments had an immaterial impact to the presented results. Balance Sheet, Cash Flow and Capital Allocation As of May 31, 2026, the Company had cash and cash equivalents of $84.6 million. During the fourth quarter of fiscal 2026, net cash provided by operating activities was $44.9 million compared to $53.9 million in the prior year quarter. Investment in property, plant and equipment during the fourth quarter of fiscal 2026 was $37.1 million compared to $45.5 million in the prior year quarter. The Company generated free cash flow (as defined in the Non-GAAP Financial Measures / Supplemental Data section later in this release) of $7.8 million in the fourth quarter of fiscal 2026 compared to $8.4 million in the prior year quarter. The Company ended the fourth quarter of fiscal 2026 with debt of $256.8 million and $84.6 million in cash and cash equivalents, resulting in a net debt (as defined in the Non-GAAP Financial Measures / Supplemental Data section later in this release) position of $172.2 million. The Company’s board of directors declared a quarterly dividend of $0.16 per common share. The dividend is payable on September 29, 2026, to shareholders of record at the close of business on September 15, 2026. Conference Call The Company will review fiscal 2026 fourth quarter results during its quarterly conference call on June 25, 2026, beginning at 8:30 a.m., Eastern Time. Conference call details are available through Events & Presentations in the Investors section of the Company’s website at www.WorthingtonSteel.com, or by registering online at https://events.q4inc.com/attendee/699991251 for the live conference. About Worthington Steel Worthington Steel (NYSE:WS) is a metals processor that partners with customers to deliver highly technical and customized solutions. Worthington Steel’s expertise in carbon flat-roll steel processing, electrical steel laminations and tailor welded solutions is driving steel toward a more sustainable future. As one of the most trusted metals processors in North America, Worthington Steel and its approximately 6,000 employees harness the power of steel to advance our customers’ visions through value-added processing capabilities including galvanizing, pickling, configured blanking, specialty cold reduction, lightweighting and electrical lamination. Headquartered in Columbus, Ohio, Worthington Steel operates 37 facilities in seven states and 10 countries. Following a people-first Philosophy, commitment to sustainability and proven business system, Worthington Steel’s purpose is to generate positive returns by providing trusted and innovative solutions for customers, creating opportunities for employees and strengthening its communities. 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 the use of forward-looking words or phrases such as "believe," "anticipate," "may," "could," "should," "would," "intend," "plan," "will," "likely," "expect," "estimate," "project," "position," "strategy," "target," "aim," "seek," "foresee" and similar words or phrases. These forward-looking statements include, without limitation, statements relating to: future or expected cash positions, liquidity and ability to access financial markets and capital; outlook, strategy or business plans; the anticipated benefits of the Company’s separation from Worthington Enterprises, Inc. (the "Separation"); the expected financial and operational performance of, and future opportunities for, the Company following the Separation; the tax treatment of the Separation transaction; the leadership of the Company following the Separation; future or expected growth, growth potential, forward momentum, performance, competitive position, sales, volumes, cash flows, earnings, margins, balance sheet strengths, debt, financial condition or other financial measures; pricing trends for raw materials and finished goods and the impact of pricing changes; the ability to improve or maintain margins; expected demand or demand trends for the Company or its markets; additions to product lines and opportunities to participate in new markets; expected benefits from transformation and innovation efforts; the ability to improve performance and competitive position at the Company’s operations; anticipated working capital needs, capital expenditures and asset sales; anticipated improvements and efficiencies in costs, operations, sales, inventory management, sourcing and the supply chain and the results thereof; projected profitability potential; the ability to make acquisitions and the projected timing, results, benefits, costs, charges and expenditures related to acquisitions, joint ventures, headcount reductions and facility dispositions, shutdowns and consolidations; the Company’s plans, objectives, expectations and intentions related to the Kloeckner Acquisition and the benefits of the Kloeckner Acquisition; the expected outcomes of the Kloeckner Acquisition, including estimated cost, operations and commercial synergies and the timeline to realize such synergies; the impact of the Kloeckner Acquisition on the Company’s earnings; the Company’s expected pro forma net leverage ratio following the transaction and net leverage ratio goals following the transaction; the expected timeline for completing the Kloeckner Acquisition; projected capacity and the alignment of operations with demand; the ability to operate profitably and generate cash in down markets; the ability to capture and maintain market share and to develop or take advantage of future opportunities, customer initiatives, new businesses, new products and new markets; expectations for Company and customer inventories, jobs and orders; expectations for the economy and markets or improvements therein; expectations for generating improving and sustainable earnings, earnings potential, margins or shareholder value; effects of judicial rulings, laws and regulations; anticipated improvements in business and efficiencies to be gained from the use of artificial intelligence and machine learning ("AI") and other technologies; effects of cybersecurity breaches and other disruptions to information technology infrastructure; effects of public health emergencies and the various responses of governmental and nongovernmental authorities thereto on economies and markets, and on our customers, counterparties, employees and third-party service providers; and other non-historical matters. Because they are based on beliefs, estimates and assumptions, forward-looking statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those projected. Any number of factors could affect actual results, including, without limitation, those that follow: our ability to successfully realize the anticipated benefits of the Separation; the effect of conditions in national and worldwide financial markets, including inflation, increases in interest rates, and economic recession, and with respect to the ability of financial institutions to provide capital; the risks, uncertainties and impacts related to public health emergencies – the duration, extent and severity of which are impossible to predict, and actions taken by governmental authorities or others in connection therewith; changing commodity prices and/or supply; product demand and pricing; changes in product mix, product substitution and market acceptance of the Company’s products; volatility or fluctuations in the pricing, quality or availability of raw materials (particularly steel), supplies, transportation, utilities, energy, labor and other items required by operations (especially in light of ongoing global geopolitical and military conflicts); effects of sourcing and supply chain constraints, including interruptions in deliveries of raw materials and supplies or the loss of key supplier relationships; the outcome of adverse claims experience with respect to workers’ compensation, product recalls or product liability, casualty events or other matters; effects of critical equipment failures, facility closures and the consolidation of operations; the effect of financial difficulties, consolidation and other changes within the steel, automotive, construction, and other industries in which the Company participates; failure to maintain appropriate levels of inventories; financial difficulties (including bankruptcy filings) of original equipment manufacturers, end-users and customers, suppliers, joint venture partners and others with whom the Company does business; the ability to realize targeted expense reductions from headcount reductions, facility closures and other cost reduction efforts; the ability to realize cost savings and operational, sales and sourcing improvements and efficiencies, and other expected benefits from transformation initiatives, on a timely basis; the overall success of, and the ability to integrate, newly acquired businesses and joint ventures, maintain and develop their customers, and achieve synergies and other expected benefits and cost savings therefrom; the Company’s ability to establish day-to-day control over Kloeckner’s operations after the closing of the Kloeckner Acquisition on a timely basis or at all; the effects of the Kloeckner Acquisition on the Company’s and Kloeckner’s operations, including on the Company’s future financial condition and performance, operating results, strategy and plans, including anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, losses, future prospects, and business and management strategies for the management, expansion and growth of the Company’s operations; the impact of the consummation of the Kloeckner Acquisition on relationships with customers, suppliers and other third parties; the Company’s ability to achieve the anticipated cost synergies or accretion to earnings per share; the ability to realize expected benefits of strategically deployed capital expenditures; capacity levels and efficiencies, within facilities, within major product markets and within the industries in which the Company participates as a whole; the effect of disruption in the business of suppliers, customers, facilities and shipping operations due to adverse weather, casualty events, equipment breakdowns, labor shortages, interruption in utility services, civil unrest, international conflicts (especially in light of ongoing global geopolitical and military conflicts), terrorist activities or other causes; changes in customer demand, inventories, spending patterns, product choices, and supplier choices; risks associated with doing business internationally, including economic, political and social instability (especially in light of ongoing global geopolitical and military conflicts), foreign currency exchange rate exposure and the acceptance of the Company’s products in global markets; the effect of national, regional and global economic conditions generally and within major product markets, including significant economic disruptions from public health emergencies, the actions taken in connection therewith and the implementation of related fiscal stimulus packages; the impact of tariffs, the adoption of trade restrictions affecting the Company’s products, suppliers or customers, a U.S. withdrawal from or significant renegotiation of trade agreements, the occurrence of trade wars, the closing of border crossings, and other changes in trade regulations or relationships; the ability to improve and maintain processes and business practices to keep pace with the economic, competitive and technological environment; the effect of inflation, interest rate increases and economic recession, which may negatively impact the Company’s operations and financial results; deviation of actual results from estimates and/or assumptions used by the Company in the application of its significant accounting policies; impairment of the recorded value of inventory, equity investments, fixed assets, goodwill and other assets; competitive pressure on sales and pricing, including pressure from imports and substitute materials; the level of imports and import prices in the Company’s markets and the foreign currency exchange rate exposure; the impact of environmental laws and regulations or the actions of the United States Environmental Protection Agency or similar regulators which increase costs or limit the Company’s ability to use or sell certain products; the impact of increasing environmental, greenhouse gas emission and sustainability regulations; the impact of judicial rulings and governmental regulations, both in the United States and abroad, including those adopted by the U.S Securities and Exchange Commission ("SEC") and other governmental agencies; the effect of healthcare laws in the United States and potential changes for such laws, which may increase the Company’s healthcare and other costs and negatively impact the Company’s operations and financial results; the effect of tax laws in the United States and potential changes for such laws, which may increase the Company's costs and negatively impact its operations and financial results; the operational, data privacy, security, regulatory and legal risks associated with the Company’s reliance on AI technologies as well as its inability to stay abreast of technological advancements and its dependence on third parties who rely on AI technologies; cybersecurity risks; the effects of privacy and information security laws and standards; the cyclical nature of the steel industry; the Company’s safety performance; the effects of competition and price pressures from competitors; risks associated with the Kloeckner Acquisition; and other risks described from time to time in the Company’s filings with the SEC, including those described in "Part I – Item 1A. – Risk Factors" of the Company’s Annual Report on Form 10-K for the fiscal year ended May 31, 2025 and in our subsequent filings with the SEC. Forward-looking statements should be construed in the light of such risks. The Company notes these factors for investors as contemplated by the Act. It is impossible to predict or identify all potential risk factors. Consequently, you should not consider the foregoing list to be a complete set of all potential risks and uncertainties. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. The Company does not undertake, and hereby disclaims, any obligation to update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. WORTHINGTON STEEL, INC.NON-GAAP FINANCIAL MEASURES / SUPPLEMENTAL DATA(In millions, except volume and per share amounts) The Company reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). The Company also presents certain non-GAAP financial measures including (a) adjusted operating income, (b) adjusted earnings before income taxes, (c) adjusted income tax expense, (d) adjusted net earnings attributable to controlling interest, (e) adjusted net earnings per diluted share attributable to controlling interest, (f) net earnings (loss) before interest and taxes attributable to controlling interest ("EBIT"), (g) adjusted net earnings before interest and taxes attributable to controlling interest ("adjusted EBIT"), (h) net earnings (loss) before interest, taxes, depreciation and amortization attributable to controlling interest ("EBITDA"), (i) adjusted net earnings before interest, taxes, depreciation and amortization attributable to controlling interest ("adjusted EBITDA"), (j) free cash flow, and (k) total debt less cash and cash equivalents ("net debt"). These non-GAAP financial measures typically exclude impairment and restructuring charges (gains) but may also exclude other items that management believes are not reflective of, and thus should not be included when evaluating the performance of, the Company’s ongoing operations. Management uses these non-GAAP financial measures, together with the most directly comparable GAAP financial measures, to evaluate the Company’s performance, engage in financial and operational planning, and determine incentive compensation and believes these non-GAAP financial measures provide useful information to investors because they provide additional perspective on the performance of the Company’s ongoing operations. Additionally, management believes these non-GAAP financial measures provide useful information to investors because they allow for meaningful comparisons and analysis of trends in the Company’s business and enable investors to evaluate operations and future prospects in the same manner as management. These non-GAAP financial measures are not intended to represent, and should not be considered as, an alternative to GAAP financial measures. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. These measures may exclude items that are significant to understanding the Company’s financial results and condition, and other companies may define or calculate similarly titled non-GAAP financial measures differently. Accordingly, the non-GAAP financial measures presented should be considered in conjunction with, and not as a replacement for, the comparable GAAP financial measures. For the purposes of the subsequent tables, the non-GAAP measures have been adjusted for the items identified below: Impairment of goodwill and long-lived assets – impairments of assets are excluded to facilitate period-to-period comparability of the Company’s operating performance, are inherently unpredictable in timing and amount, and are non-cash, so their exclusion facilitates the comparison of historical, current and forecasted financial results. For the periods presented in the subsequent tables, impairment of goodwill and long-lived assets primarily relates to the following: Restructuring – restructuring activities consist of items associated with the Company’s cost-optimization activities, such as divestitures, closing or consolidating facilities, employee severance (including rationalizing headcount or other significant changes in personnel), and realignment of existing operations (including changes to management structure in response to underlying performance and/or changing market conditions). These restructuring activities are excluded to facilitate period-to-period comparability of the Company’s operating performance. Kloeckner purchase derivative – consists of the change in the fair value of an economic (non-designated) cash flow derivative that was entered into to hedge a portion of the expected purchase price of the outstanding shares of Kloeckner in connection with the Kloeckner Acquisition. The change in the fair value is recorded in miscellaneous income (expense), net, and it is excluded from adjusted results to facilitate period-to-period comparability of the Company’s operating performance as it reflects non-operational activity. Kloeckner acquisition-related expenses – consists of the acquisition-related costs incurred in connection with the Kloeckner Acquisition, consisting primarily of advisory, legal, accounting, valuation and other professional fees, as well as certain integration expenses, and are expensed to SG&A, as incurred, in accordance with GAAP. Exclusion of these costs is appropriate because they are directly attributable to a specific strategic transaction that management expects to be transformative to the Company’s portfolio, scale and long-term operating profile and are not reflective of the Company’s ongoing operating performance for the periods presented. Exclusion facilitates period-over-period comparisons, and to assess performance excluding the impact of transaction-specific activities. Kloeckner securities investment income, net – reflects the impact associated with the Company’s investment in Kloeckner equity securities, consisting of mark-to-market gains, dividend income, and other costs, recorded in miscellaneous income (expense), net. Management excludes these items from adjusted results to improve comparability of the Company’s operating performance across periods. Bridge nonrevolving loan commitment costs – consists of fees and costs associated with temporary financing arrangements entered into in connection with the Kloeckner Acquisition, including bridge financing commitment fees, related lender fees, and other financing costs. These costs include amounts initially deferred and subsequently recognized in interest expense, net, when the related bridge financing was no longer applicable. Management excludes these items from adjusted results to improve comparability of the Company’s operating performance across periods. Pension adjustments – pension-related impacts associated with discrete events impacting the Company’s pension plans, including a $1.4 million gain recognized in the fourth quarter of fiscal 2026, primarily associated with a pension curtailment resulting from headcount reductions. The fiscal 2025 gain related to a settlement resulting from a pension lift-out transaction to transfer a portion of the total projected benefit obligation of the pension plan to a third-party insurance company, which resulted in pre-tax non-cash gains reported in miscellaneous income (expense), net. The exclusion from adjusted results facilitates period-to-period comparability of the Company’s operating performance as these gains reflect discrete pension-related events. Sitem Group acquisition completion bonus payment – consists of the one-time bonus payment paid to key individuals upon the successful acquisition closing of Sitem Group. The acquisition completion bonus payment was included within SG&A expense. Gain on Sitem Group purchase derivative – consists of the mark-to-market gain on the economic (non-designated) foreign currency exchange contract entered into related to the purchase price for Sitem Group, which resulted in a pre-tax gain in miscellaneous income, net, and is excluded as it is not part of the Company’s ongoing operations. Deferred tax asset adjustment – Tempel’s electrical steel facility in Nagold, Germany was included as part of the purchase consideration for the Sitem Group acquisition. The contribution resulted in the future disallowance of deferred tax assets located within certain foreign tax jurisdictions and resulted in the write-off of the deferred tax assets as well as the recognition of incremental income tax expense. As this impacts income tax, the adjustment does not impact EBIT, EBITDA, adjusted EBIT, or adjusted EBITDA. Tax indemnification adjustment – tax and indemnification adjustments reported in income tax expense and miscellaneous income, net, related to an indemnification agreement with the former owners of Tempel. These adjustments are the result of a first quarter fiscal 2025 favorable tax ruling. The indemnification agreement, which was entered into with the former Tempel owners at the time the Company acquired Tempel, provides protection to the Company from rulings by tax authorities through the acquisition date. Gain on land sale – sale of unused land on the campus of the Tempel subsidiary in China, which resulted in a pre-tax gain in miscellaneous income (expense), net, is excluded from adjusted results to facilitate period-to-period comparability of the Company’s operating performance as it reflects the non-operational disposition of real property. Other loss, net – consists of the following items reported in miscellaneous income (expense), net, which are excluded from adjusted results to facilitate period-to-period comparability of the Company’s operating performance: The following provides a reconciliation to the non-GAAP financial measures adjusted operating income, adjusted earnings before income taxes, adjusted income tax expense, adjusted net earnings attributable to controlling interest and adjusted net earnings per diluted share attributable to controlling interest from the most comparable GAAP measures for the three- and 12-month periods ended May 31, 2026, and May 31, 2025. To further assist in the analysis of results for the periods presented, the following volume and net sales information for the three- and 12-month periods ended May 31, 2026, and May 31, 2025, has been provided along with a reconciliation of the non-GAAP financial measures, EBIT, adjusted EBIT and adjusted EBITDA to the most comparable GAAP measure, which is net earnings attributable to controlling interest. Net earnings margin is calculated by dividing net earnings attributable to controlling interest by net sales. Adjusted EBIT margin is calculated by dividing adjusted EBIT by net sales. Adjusted EBITDA margin is calculated by dividing adjusted EBITDA by net sales. The table below provides a reconciliation from net earnings (loss) attributable to controlling interest (the most comparable GAAP financial measure) to the non-GAAP financial measures, EBITDA and adjusted EBITDA, for each of the past five fiscal quarters, the 12 months ended May 31, 2026, and the 12 months ended February 28, 2026. The following provides a reconciliation of net cash provided by operating activities (the most comparable GAAP financial measure) to free cash flow for each of the past five fiscal quarters and the 12 months ended May 31, 2026. Free cash flow is a non-GAAP financial measure that management believes measures the Company’s ability to generate cash beyond what is required for its business operations and capital expenditures. The following provides a reconciliation of total debt (the most comparable GAAP financial measure) to the non-GAAP financial measure net debt. Net debt is calculated by subtracting cash and cash equivalents from total debt (defined as the aggregate of short-term borrowings, current maturities of long-term debt, and long-term debt). The calculation of net debt as of May 31, 2026, is outlined below. View source version on businesswire.com: https://www.businesswire.com/news/home/20260623525249/en/ Contacts Melissa Dykstra Vice PresidentCorporate Communications and Investor RelationsPhone: [email protected]

COLUMBUS, Ohio, June 24, 2026--(BUSINESS WIRE)--The board of directors of Worthington Steel, Inc. (NYSE: WS) has declared a quarterly dividend of $0.16 per common share. The dividend is payable on September 29, 2026, to shareholders of record at the close of business on September 15, 2026. Worthington Steel will host a conference call to discuss its fiscal 2026 fourth quarter results at 8:30 a.m. ET on Thursday, June 25, 2026. The conference call can be accessed by registering online at the link below. A live webcast of the call will be available through Events & Presentations in the Investors section of the Company’s website at www.WorthingtonSteel.com and will be archived for one year. Live Conference Call Schedule To automatically receive Worthington Steel financial news by email, please visit https://ir.worthingtonsteel.com and subscribe to email alerts. About Worthington Steel Worthington Steel (NYSE:WS) is a metals processor that partners with customers to deliver highly technical and customized solutions. Worthington Steel’s expertise in carbon flat-roll steel processing, electrical steel laminations and tailor welded solutions is driving steel toward a more sustainable future. As one of the most trusted metals processors in North America, Worthington Steel and its approximately 6,000 employees harness the power of steel to advance our customers’ visions through value-added processing capabilities including galvanizing, pickling, configured blanking, specialty cold reduction, lightweighting and electrical lamination. Headquartered in Columbus, Ohio, Worthington Steel operates 37 facilities in seven states and 10 countries. Following a people-first Philosophy, commitment to sustainability and proven business system, Worthington Steel’s purpose is to generate positive returns by providing trusted and innovative solutions for customers, creating opportunities for employees and strengthening its communities. Safe Harbor Statement Worthington Steel wishes to take advantage of the safe harbor provisions included in the Private Securities Litigation Reform Act of 1995 (the "Act"). Statements by Worthington Steel which are not historical information constitute "forward looking statements" within the meaning of the Act. All forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from those projected. Factors that could cause actual results to differ materially include risks, uncertainties and impacts described from time to time in Worthington Steel’s filings with the Securities and Exchange Commission. View source version on businesswire.com: https://www.businesswire.com/news/home/20260623357546/en/ Contacts Melissa DykstraVice PresidentCorporate Communications and Investor RelationsPhone: [email protected]

Q1 results were shaped by U.S. divestments: group shipments fell materially year‑over‑year due to the sale of eight U.S. sites, but on a like‑for‑like basis shipments and sales rose ~2.1%, and EBITDA before material special effects increased to €46m (from an adjusted €34m a year earlier) despite gross profit dropping to €298m with a steady margin of 19%. Cash flow weakened seasonally with net working capital up €279m, operating cash flow of -€270m, free cash flow of -€306m, and net financial debt rising to about €1.092bn. Strategic moves include a shift to higher value‑added products (HFP share rose to 87% in Q1 2026) and capacity investments, while Worthington Steel has secured roughly 61.87% of Klöckner’s shares with closing expected in H2 2026, subject to approvals. Interested in Klöckner & Co SE? Here are five stocks we like better. Klöckner & Co SE (ETR:KCO) reported higher earnings in the first quarter of 2026, supported by a rising price environment in the U.S. and Europe and improved profitability in its European segment, while year-over-year comparisons were heavily influenced by the late-2025 sale of eight U.S. distribution sites. CEO Guido Kerkhoff said group shipments declined “considerably” year-over-year, primarily due to the divestment of the eight U.S. distribution locations at the end of 2025. Excluding those sites, shipments increased 2.1% year-over-year, which management attributed to “positive momentum in Europe.” Sales also came in “considerably below” the prior-year quarter due to lower reported volumes, though on a divestment-adjusted basis, sales increased slightly by 2.1%. → 3 Emerging Markets ETFs to Maximize Exposure to High-Potential Countries Gross profit fell to EUR 298 million from EUR 370 million in the prior-year quarter, reflecting lower sales volumes. Gross profit margin held steady year-over-year at 19%. Kerkhoff added that on a like-for-like basis gross profit increased slightly, and the gross profit margin also rose. Profitability improved on an EBITDA basis. Klöckner posted EBITDA before material special effects of EUR 46 million in Q1 2026, up from a divestment-adjusted EUR 34 million in Q1 2025. Kerkhoff said the quarter benefited from a “favorable pricing environment” after “pronounced volatility” a year earlier, with prices rising in both regions. He noted that in the U.S. the increase was “slow but steady,” producing “a rather limited positive windfall.” → The Real SpaceX Play: 5 Chip Stocks Powering the IPO Before It Launches Explaining the year-over-year EBITDA bridge on a like-for-like basis, Kerkhoff cited a positive price effect of EUR 20 million and a positive volume effect of EUR 6 million. These were partially offset by OpEx that was EUR 9 million higher, driven by higher personnel costs as well as higher expenses for shipments and operating supplies, plus negative foreign exchange effects of EUR 4 million tied mainly to the U.S. dollar. The company recorded negative material special effects of EUR 6 million, which Kerkhoff said were largely related to share-based payment expenses due to share-price gains since the start of the year. In Klöckner Metals Americas, shipments were down sharply year-over-year due to the divestment, and sales declined accordingly. On an adjusted basis, shipments were flat compared with Q1 2025, while sales decreased “only slightly.” Kerkhoff highlighted that March 2025 benefited from restocking activity that provided a temporary uplift in volumes. EBITDA before material special effects in the Americas segment totaled EUR 37 million. → Tyson Foods' Total Returns: Tasty Treats for Income Investors? Klöckner Metals Europe delivered improved results. Shipments increased slightly, while sales rose “considerably” due to higher average price levels. Kerkhoff said this was supported by “continued and effective implementation of our optimization measures.” Segment EBITDA before material special effects increased to EUR 10 million, which he described as the highest level since Q1 2023. Operating cash flow was negative in the quarter, which management attributed to seasonal working capital patterns. Kerkhoff said net working capital increased by EUR 279 million in Q1, calling the build-up temporary and expected to reverse over the course of the year. After interest, taxes, and other items totaling EUR 32 million, cash flow from operating activities was -EUR 270 million. With net CapEx of EUR 36 million, free cash flow was -EUR 306 million. Net financial debt increased from EUR 709 million to about EUR 1.092 billion during the quarter, which Kerkhoff said also reflected negative effects from foreign exchange, leasing, and other items totaling EUR 77 million. Kerkhoff said the company continues to reduce underlying volatility by focusing on higher value-added products and services and by reshaping its portfolio through acquisitions and divestments. He referenced acquisitions including Ambos Steel, Haley Tool & Stamping, Simfloc, and Lochaber Wire, and said the company divested distribution businesses in the U.S. and Brazil to sharpen strategic focus. On investment initiatives, Kerkhoff highlighted: Groundbreaking for a new aluminum flat roll processing facility in Columbus, Mississippi Launch of a new heavy fabrication operation at the former Barber Manufacturing site in Paton, Iowa Investments to increase electrical steel capabilities Installation of a new Qualitrac Schuler laser blanking line in Querétaro, Mexico Management also pointed to progress in sales mix, saying the share of higher value-added products (HFP) and service center sales increased from 63% (full year 2029 figure cited on the call) to 87% in Q1 2026. Kerkhoff said this shift is intended to reduce volatility while improving profitability. Digitalization efforts continued, with Kerkhoff reporting that the number of digital quotes increased by about 7% year-over-year in Q1 2026, which he said helps free sales staff from manual quoting tasks. Kerkhoff also provided an update on the voluntary public takeover by Worthington Steel. He said Worthington Steel and Klöckner & Co signed a business combination agreement on Jan. 15, after which Worthington Steel submitted a takeover offer for all outstanding Klöckner shares. After meeting the minimum acceptance threshold, Kerkhoff said Worthington Steel secured approximately 61.87% of Klöckner’s outstanding shares by the end of the additional acceptance period. He added that on March 27, 2026, Worthington Steel informed Klöckner’s management board of its intention to enter into a domination and profit-and-loss transfer agreement between Worthington Steel GmbH (as controlling company) and Klöckner & Co SE (as controlled company). Closing remains subject to regulatory approvals and is “currently expected to take place in the second half of 2026,” according to Kerkhoff, who said the takeover aligns with the company’s strategy in higher value-added products and services across North America and Europe. During Q&A, Kerkhoff said customer sentiment in Europe had declined somewhat and described expected customer behavior as “a bit more cautious going forward,” while noting the year started more positively than expected. He said price and pre-stocking behavior existed but “not that big and not that strong.” Addressing a question on a slightly reduced operating cash flow outlook, he cited higher price levels and expected increases in volumes and shipments that would require “a little bit more” working capital. Asked about Becker Group, Kerkhoff said the company was in a due diligence phase with “a couple of good offers,” but did not discuss pricing, adding that “there is more interest than we originally expected.” On a question regarding ThyssenKrupp’s Materials Services business, Kerkhoff said he did not know their plans and did not expect it to have a major impact on Klöckner. Looking ahead, Kerkhoff guided for Q2 2026 shipments to increase slightly quarter-over-quarter and sales to rise considerably. The company expects EBITDA before material special effects between EUR 40 million and EUR 80 million for Q2 2026. For full-year 2026, management forecasts a slight decline in shipments due mainly to the U.S. divestment, slightly higher sales year-over-year, a “considerable” increase in EBITDA before material special effects, and positive operating cash flow, albeit below the prior year. Klöckner & Co SE, through its subsidiaries, distributes steel and metal products. The company operates through three segments: Kloeckner Metals US, Kloeckner Metals EU, and Kloeckner Metals Non-EU. It offers flat steel products; long steel products; tubes and hollow sections; stainless steel and high-grade steel; and aluminum products for building installations, roof and wall construction, and water supply. The company also provides various services, including cutting and splitting of steel strips; forming and manufacturing of pressed parts; CNC turning/milling; 2D/3D tube laser cutting; laser and water jet cutting; structural steel processing; plasma and oxy-fuel cutting; shot blasting and primer painting; and sawing/drilling/rounding off. The article "Klöckner & Co SE Q1 Earnings Call Highlights" was originally published by MarketBeat.

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Worthington Steel (WS) reported third quarter and nine month results, updating sales, net income and earnings per share figures year over year. The company also declared a quarterly dividend of $0.16 per share. See our latest analysis for Worthington Steel. Despite the latest quarterly update and dividend declaration, Worthington Steel’s share price has faced pressure, with a 30 day share price return showing a 30.9% decline and a year to date share price return showing an 18.3% decline, while the 1 year total shareholder return is 15.7%. This suggests longer term holders have had a different experience compared to recent buyers. If this earnings reaction has you reassessing your watchlist, it can be helpful to see what else the market is pricing into other materials and industrial names via 20 top founder-led companies With the share price under pressure, annual revenue and net income growth on the board, an indicated value score of 5 and a share price below the analyst target, is Worthington Steel now underrated, or is the market already pricing in future growth? Worthington Steel's most followed valuation narrative points to a fair value of $47 per share compared with the last close at $28.72, which creates a sizeable gap that this narrative attempts to justify using detailed growth and profitability assumptions. Read the complete narrative. Curious what sits behind that higher fair value? The narrative leans heavily on steady mid single digit revenue growth, firmer margins, and a richer future earnings multiple. These are all discounted using an 8.57% rate to arrive at $47. Result: Fair Value of $47 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, these upbeat assumptions can unravel if weak shipments in automotive and construction persist, or if steel pricing swings keep earnings and cash flow under pressure. Find out about the key risks to this Worthington Steel narrative. With sentiment in this article leaning cautious but curious, it helps to see the positives for yourself and move quickly while opinions are divided, starting with the 3 key rewards. If Worthington Steel has caught your attention, do not stop here, use the Simply Wall Street Screener to quickly surface fresh, differentiated stock ideas tailored to your style. Target higher quality opportunities by reviewing companies flagged in the 62 high quality undervalued stocks. Prioritise resilience by scanning the 62 resilient stocks with low risk scores for businesses with lower risk scores. Spot potential early movers by checking the screener containing 25 high quality undiscovered gems. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include WS. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]