Worthington Steel Income Statement

Financials in millions USD. Fiscal year is June - May.

Millions USD. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '25 Feb 28, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Revenue	3,171	3,431	3,608	4,069	2,127
Revenue Growth (YoY)	-6.82%	-4.91%	-11.34%	91.26%	-
Cost of Revenue	2,779	2,991	3,271	3,673	1,757
Gross Profit	392.6	439.8	336.5	395.5	370.84
Selling, General & Admin	236.4	224.4	200.8	180.3	147.44
Operating Expenses	236.4	224.4	200.8	180.3	147.44
Operating Income	156.2	215.4	135.7	215.2	223.41
Interest Expense	-8.5	-6	-3	-3	-
Interest & Investment Income	-	-	-	-	0.01
Earnings From Equity Investments	7.1	22.4	7.7	29.8	15.97
Other Non Operating Income (Expenses)	-2.2	5.3	3.7	0.9	-0.35
EBT Excluding Unusual Items	152.4	237.1	144.1	242.9	239.04
Merger & Restructuring Charges	-0.9	-19.5	-13.3	14.5	-1.88
Asset Writedown	-7.4	-1.4	-2.1	-3.1	-
Pretax Income	148.3	216.2	128.7	254.3	237.15
Income Tax Expense	30.2	46.1	29	54	48.48
Earnings From Continuing Operations	118.1	170.1	99.7	200.3	188.67
Minority Interest in Earnings	-9.9	-15.4	-12.6	-19.9	-17.66
Net Income	108.2	154.7	87.1	180.4	171.01
Net Income to Common	108.2	154.7	87.1	180.4	171.01
Net Income Growth	-35.90%	77.61%	-51.72%	5.49%	-
Shares Outstanding (Basic)	49	49	49	49	-
Shares Outstanding (Diluted)	50	50	49	49	-
Shares Change (YoY)	1.92%	1.01%	-	-	-
EPS (Basic)	2.19	3.14	1.77	3.66	-
EPS (Diluted)	2.14	3.11	1.77	3.66	-
EPS Growth	-37.24%	76.03%	-51.72%	-	-
Free Cash Flow	82.3	96.1	269.5	3.1	123.75
Free Cash Flow Per Share	1.63	1.93	5.47	0.06	-
Dividend Per Share	0.640	0.320	-	-	-
Gross Margin	12.38%	12.82%	9.33%	9.72%	17.43%
Operating Margin	4.92%	6.28%	3.76%	5.29%	10.50%
Profit Margin	3.41%	4.51%	2.41%	4.43%	8.04%
Free Cash Flow Margin	2.60%	2.80%	7.47%	0.08%	5.82%
EBITDA	221.4	280.7	205.3	274.7	268.36
EBITDA Margin	6.98%	8.18%	5.69%	6.75%	12.61%
D&A For EBITDA	65.2	65.3	69.6	59.5	44.95
EBIT	156.2	215.4	135.7	215.2	223.41
EBIT Margin	4.92%	6.28%	3.76%	5.29%	10.50%
Effective Tax Rate	20.36%	21.32%	22.53%	21.23%	20.44%

Updated Mar 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q