Worthington Steel Inc
WS
$36.72 1.38%
Exchange: NYSE | Sector: Basic Materials | Industry: Steel
Q4 2023
Published: Aug 2, 2024

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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WS
Company WS

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

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
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