Worthington Steel Posts Q4 Loss and Completes Kloeckner Acquisition

Worthington Steel reported a fiscal 2026 fourth-quarter net loss of $48.7 million driven by acquisition expenses despite a 12% increase in sales to $929.2 million. The company closed on its acquisition of a majority interest in Kloeckner & Co. in June 2026, aiming to diversify its metals processing platform.