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

- Company: WORTHINGTON STEEL, INC. (WS)
- Period: 2025-06-01 to 2026-05-31
- Filing: FY2026 10-K, filed 2026-07-30, accession number 0001968487-26-000026
- Page: https://plicit.ai/financials/ws/fy2026-annual-income-statement
- Chart image: https://plicit.ai/charts/ws-fy2026-annual-income-statement-sankey.png

## Chart details: Revenue by Business Segment by Product and Service

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.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/ws/fy2026-annual-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/ws-fy2026-annual-revenue-by-geography-sankey.png

Income statement for 2025-06-01 through 2026-05-31. View: Geography. 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
- **UNITED STATES**: 2,560,800,000 US dollars
- **CANADA**: 392,100,000 US dollars
- **MEXICO**: 208,000,000 US dollars
- **Rest of World**: 282,900,000 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.