Welcome to our dedicated page for Worthington Steel news (Ticker: ws), a resource for investors and traders seeking the latest updates and insights on Worthington Steel stock.
Worthington Steel, Inc. (WS) stands as a top-tier value-added steel processor in North America, known for its expansive range of products and services. The company excels in the carbon flat-rolled steel sector and the tailor-welded blanks segments, offering solutions to a variety of end markets.
Worthington Steel's core business involves processing steel to create high-quality products for industries such as automotive, construction, and manufacturing. The company prides itself on its market-leading positions and its commitment to innovation and sustainability in steel processing.
Recent achievements include advances in technology and strategic partnerships aimed at enhancing production efficiency and product quality. The company continuously explores new projects to expand its market reach and improve its financial health, showcasing a strong commitment to growth and development.
Worthington Steel's dedication to excellence is evident in its financial condition, with sustained profitability and a robust balance sheet. The company collaborates with industry leaders and leverages its expertise to deliver superior value to its stakeholders.
Current Projects:
- Expansion of production capabilities in the carbon flat-rolled steel sector.
- Development of innovative tailor-welded blanks to meet industry demands.
- Strategic partnerships to enhance sustainability and efficiency.
By providing diverse and high-quality products, Worthington Steel remains a key player in the steel processing industry, poised for continued success and growth.
News
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Sky Harbour Group (SKYH) announces the release of its year-end 2023 financial results on Form 10-K and an investor webcast to review the financial results and provide a business update.
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Worthington Steel, Inc. (NYSE: WS) reported strong financial results for Q3 fiscal 2024, with net sales of $805.8 million and net earnings of $49.0 million. Operating income increased significantly to $66.3 million compared to the prior year. The company's performance was driven by improved direct spreads and higher volume, with a focus on finishing the fiscal year strong. Recent developments include a licensing agreement with AcerlorMittal Tailored Blanks and a quarterly dividend declaration.
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Worthington Steel, Inc. (NYSE: WS) declares a quarterly dividend of $0.16 per common share, payable on June 28, 2024. The company will host a conference call to discuss fiscal third quarter results on March 22, 2024, with a live webcast available. Shareholders of record by June 14, 2024, are eligible for the dividend.
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Worthington Steel, Inc. (NYSE: WS) announces a licensing agreement with ArcelorMittal Tailored Blanks for ablation technology, enhancing hot formed tailored blanks production. The innovative technology allows for welding advanced high-strength steel, improving strength, crash performance, and reducing weight for automotive applications.
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OppFi Inc. (NYSE: OPFI) reported strong financial results for the fourth quarter and full-year 2023, with total revenue increasing by 10.7% to $132.9 million in Q4 and reaching $508.9 million for the year. Net income for 2023 was $39.5 million, showing a significant improvement from the previous year. Adjusted net income also rose to $43.3 million. The company achieved its ninth consecutive year of net income and saw positive improvements in its net charge-off rate. OppFi's CEO highlighted the focus on profitable growth and efficient scaling of operating expenses for 2024, aiming to create additional shareholder value.
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Southland Holdings, Inc. (NYSE American: SLND) reported financial results for Q4 2023 with revenue of $316.2 million, a 7% increase from the previous year. However, the company experienced a net loss of $5.6 million attributed to stockholders. For the full year 2023, revenue remained flat at $1.2 billion, with a gross profit of $35.8 million but a net loss of $19.3 million.
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Worthington Steel, Inc. (NYSE: WS) will release its fiscal third-quarter results on March 21, 2024, followed by a conference call on March 22, 2024, to discuss the performance. The call will be accessible via webcast on the company's Investor Relations website.
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Vicarious Surgical Inc. announced financial results for Q4 and full year 2023, achieving cash burn objectives and providing guidance for 2024. The company made progress in developing its Version 1.0 Surgical System, securing hospital partnerships, and appointing a new Company President. Operating expenses decreased in Q4, with a cash burn rate of $63.4 million for 2023. Vicarious Surgical expects a cash burn of $50 million in 2024.
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OppFi Inc. (NYSE: OPFI) announces the release of financial results for Q4 and full year 2023, with a conference call scheduled for March 7, 2024, to discuss business outlook.
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Southland Holdings, Inc. (NYSE American: SLND) to release Q4 and full-year 2023 results on March 4, 2024, with a conference call on March 5, 2024.
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FAQ
What is the current stock price of Worthington Steel (ws)?
The current stock price of Worthington Steel (ws) is $43.95 as of November 21, 2024.
What is the market cap of Worthington Steel (ws)?
The market cap of Worthington Steel (ws) is approximately 2.3B.
What is Worthington Steel, Inc.?
Worthington Steel, Inc. (WS) is a leading value-added steel processor in North America, known for its diverse range of products and market-leading positions in carbon flat-rolled steel and tailor-welded blanks.
What industries does Worthington Steel serve?
Worthington Steel serves various industries including automotive, construction, and manufacturing.
What are some of Worthington Steel’s recent achievements?
Recent achievements include advances in technology, strategic partnerships, and new project developments aimed at enhancing production efficiency and product quality.
What is the financial condition of Worthington Steel?
Worthington Steel maintains sustained profitability and a robust balance sheet, reflecting its strong financial health.
What are Worthington Steel’s current projects?
Current projects include expanding production capabilities in the carbon flat-rolled steel sector, developing innovative tailor-welded blanks, and forming strategic partnerships to enhance sustainability and efficiency.
What makes Worthington Steel a key player in the steel processing industry?
Worthington Steel’s commitment to innovation, high-quality products, and strategic growth initiatives positions it as a key player in the steel processing industry.
How does Worthington Steel contribute to sustainability?
Worthington Steel engages in strategic partnerships and projects aimed at enhancing sustainability and production efficiency in the steel processing industry.
Who are Worthington Steel’s main competitors?
Worthington Steel competes with other leading steel processing companies in North America, particularly in the carbon flat-rolled steel and tailor-welded blanks markets.
What is the significance of Worthington Steel’s market-leading positions?
Worthington Steel’s market-leading positions in carbon flat-rolled steel and tailor-welded blanks highlight its expertise and dominance in these segments, contributing to its overall success.
How can investors stay updated on Worthington Steel’s news?
Investors can stay updated on Worthington Steel’s news by following stock market websites like StockTitan, which provide the latest updates and relevant information about the company.
Worthington Steel, Inc.
NYSE:WS
WS Rankings
WS Stock Data
2.26B
32.54M
35.91%
46.83%
0.7%
Steel
Steel Works, Blast Furnaces & Rolling & Finishing Mills
United States of America
COLUMBUS