Worthington Steel (NYSE: WS) disclosed its financial outcomes for the third quarter of 2026, revealing a mixed performance against market expectations.
The company reported adjusted earnings of $0.27 per share for the third quarter, which is below the analysts’ estimate of $0.46 per share and reflects a decrease from $0.35 per share a year earlier.
Revenue for the third quarter reached $769.8 million, up from $687.4 million a year earlier, but did not meet the analysts’ forecast of $882.95 million.
The company reported quarterly operating income of $3.1 million compared to $18.3 million and adjusted EBIT of $20.0 million compared to $25.3 million.
Geoff Gilmore, President and CEO of Worthington Steel, stated, “This was a challenging quarter from a macroeconomic standpoint, but our focus did not change. We remained grounded in our safety-first culture, executed with discipline and continued to serve customers well.”
The Company’s board of directors declared a quarterly dividend of $0.16 per common share, payable on June 26, 2026, to shareholders of record at the close of business on June 12, 2026.
 reported adjusted EPS of $0.27, missing the analyst estimate of $0.46, and down from $0.35 a year earlier.){kind=link}