Quick answer: latest quarter results, by ticker or company name

Reported Q: Q4 2023 Rev YoY: N/A EPS YoY: N/A Move: +2.08%

Worthington Steel Inc

$48.69 2.08%

Exchange NYSE Sector Basic Materials Industry Steel

Q4 2023

Published: Aug 2, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for WS

Reported

Report Date

Aug 2, 2024

Quarter Q4 2023

Revenue

911.00M

YoY: N/A

EPS

1.08

YoY: N/A

Market Move

+2.08%

Previous quarter: N/A

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Earnings Highlights

Revenue of $911.00M up 0% year-over-year
EPS of $1.08 increased by 0% from previous year
Gross margin of 14.2%
Net income of 53.20M
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Company WS

Period Q4 2023

Currency USD

Report Type Quarterly Earnings

Generated Feb 10, 2026

Executive Summary

Worthington Steel reported a strong fourth quarter (Q4 2023) with revenue of $911.0 million, up from the prior quarter’s $805.8 million, signaling a rebound in demand for value-added steel processing. Gross profit was $129.1 million for a gross margin of 14.17%, while EBITDA reached $81.5 million and a margin of 8.95%. Operating income totaled $65.4 million (7.18% margin) and net income was $53.2 million (5.84% net margin), with earnings per share of $1.08. These results reflect resilient end-market activity across automotive, heavy truck, construction, and energy segments, coupled with a conservative cost structure.

Key Performance Indicators

Revenue

Stable

911.00M

QoQ: N/A | YoY: N/A

Gross Profit

Stable

129.10M

14.17% margin

QoQ: N/A | YoY: N/A

Operating Income

Stable

65.40M

QoQ: N/A | YoY: N/A

Net Income

Stable

53.20M

QoQ: N/A | YoY: N/A

EPS

Stable

1.08

QoQ: N/A | YoY: N/A

Revenue Trend

Margin Analysis

Financial Highlights

- Revenue: $911.0 million (Q4 2023) vs. Q3 2023: $805.8 million; QoQ growth ≈ 13.3%
- Gross margin: 14.17% (gross profit $129.1 million)
- EBITDA: $81.5 million; EBITDA margin: 8.95%
- Operating income: $65.4 million; operating margin: 7.18%
- Net income: $53.2 million; net margin: 5.84%
- EPS: $1.08; weighted avg shares: 49.33 million
- Operating cash flow (CFO): $35.6 million; capex: $44.8 million; free cash flow (FCF): -$9.2 million
- Cash at end of period: $40.2 million; change in cash: -$20.6 million
- Current ratio: 1.62; quick ratio: 0.97; cash ratio: 0.07
- Debt to capitalization: 18.5%; long-term debt to capitalization: 6.48%; interest coverage: 27.25x

Income Statement

Metric	Value	YoY Change	QoQ Change

Key Financial Ratios

Gross Profit Margin

Weak

14.20%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Fair

7.18%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Fair

5.84%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

2.85%

Return on assets suggests inefficient capital allocation

Return on Equity

Fair

5.40%

Return on equity is acceptable but below top-tier companies

Current Ratio

Healthy

1.62

Current ratio shows adequate liquidity to meet short-term obligations

Debt to Equity

Conservative

0.23

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

Value

7.65x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Fair Value

1.65x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2026	872.90	0.73	-4.2%	View
Q3 2024	687.40	0.27	-14.7%	View
Q2 2024	739.00	0.25	-8.5%	View
Q1 2024	834.00	0.56	-8.0%	View
Q4 2023	911.00	1.08	+0.0%	View

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Worthington Steel Inc (WS) Q4 2023 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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