WORTHINGTON STEEL, INC. (WS) FY2026 Annual P&L / Income Statement

WORTHINGTON STEEL, INC. (WS) FY2026 Annual P&L / Income Statement

Income statement for 2025-06-01 through 2026-05-31. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net sales

3,443,800,000 US dollars

Cost of goods sold

3,040,500,000 US dollars

Gross margin

403,300,000 US dollars

Operating expenses (calculated)

404,700,000 US dollars

Operating income (loss)

negative 1,400,000 US dollars

Other income (expense), net (calculated)

8,500,000 US dollars

Earnings before income taxes

7,100,000 US dollars

Income tax expense

20,000,000 US dollars

Net earnings (loss)

negative 12,900,000 US dollars

Steel Processing - Direct

3,323,700,000 US dollars

Steel Processing - Toll

120,100,000 US dollars

Selling, general and administrative expense

297,400,000 US dollars

Impairment of goodwill

53,800,000 US dollars

Impairment of long-lived assets and other assets

60,500,000 US dollars

Restructuring and other (income) expense, net

negative 7,000,000 US dollars

Separation costs

0 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Of which attributable to WORTHINGTON STEEL, INC.: $8.50 M; to noncontrolling interests: −$21.40 M.