Worthington Steel fiscal Q4 profit rises despite sales drop

Worthington Steel logged higher earnings in its fiscal fourth quarter of 2025, though sales fell on softer prices and toll volumes.

The Columbus, Ohio-based service center logged net earnings of $55.7 million in its fiscal fourth quarter ended May 31, up approximately 5% from $53.2 million a year earlier. However, net sales fell nearly 9% to $832.9 million in the same comparison.

Volumes, meanwhile, dropped 5% to 982,180 short tons (st) in the quarter vs. a year earlier.

Worthington said lower net sales were driven primarily by lower average selling prices as well as lower toll volumes.

The company reported that the mix of direct tons vs. toll tons processed in fiscal Q4’25 was 60% to 40%, compared with 58% to 42% in the year-earlier quarter.

“Despite a mixed economic environment, our team executed well in the fourth quarter, advancing key growth initiatives while maintaining our focus on safety and partner relationships,” Worthington President and CEO Geoff Gilmore said in a statement after markets closed on Wednesday.

Among the highlights of the quarter were Worthington closing on its acquisition of Sitem earlier this month. The deal allows Worthington to further its investments in electrical steels and to gain market share in key sectors, Gilmore said.

Sitem SpA is an Italy-based producer of electric motor laminations.