Financial Snapshot

Revenue
$3.359B
TTM
Gross Margin
12.19%
TTM
Net Earnings
$124.6M
TTM
Current Assets
$955.5M
Q3 2024
Current Liabilities
$557.9M
Q3 2024
Current Ratio
171.27%
Q3 2024
Total Assets
$1.829B
Q3 2024
Total Liabilities
$820.3M
Q3 2024
Book Value
$1.009B
Q3 2024
Cash
$36.00M
Q3 2024
P/E
18.08
Nov 29, 2024 EST
Free Cash Flow
$167.2M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021
Revenue $3.431B $3.608B $4.069B $2.127B
YoY Change -4.91% -11.33% 91.26%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021
Revenue $3.431B $3.608B $4.069B $2.127B
Cost Of Revenue $2.991B $3.271B $3.674B $1.757B
Gross Profit $439.8M $336.5M $395.5M $370.8M
Gross Profit Margin 12.82% 9.33% 9.72% 17.43%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021
Selling, General & Admin $224.4M $200.8M $180.3M $147.4M
YoY Change 11.75% 11.37% 22.32%
% of Gross Profit 51.02% 59.67% 45.59% 39.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $65.30M $69.60M $59.50M $45.00M
YoY Change -6.18% 16.97% 32.22%
% of Gross Profit 14.85% 20.68% 15.04% 12.14%
Operating Expenses $224.4M $218.4M $180.3M $147.4M
YoY Change 2.75% 21.13% 22.32%
Operating Profit $215.4M $118.1M $215.2M $223.4M
YoY Change 82.39% -45.12% -3.67%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021
Interest Expense $16.40M $4.700M $26.80M $16.00M
YoY Change 248.94% -82.46% 67.5%
% of Operating Profit 7.61% 3.98% 12.45% 7.16%
Other Income/Expense, Net $5.300M $3.700M $900.0K -$300.0K
YoY Change 43.24% 311.11% -400.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021
Pretax Income $216.2M $128.7M $254.2M $237.2M
YoY Change 67.99% -49.37% 7.17%
Income Tax $46.10M $29.00M $54.00M $48.50M
% Of Pretax Income 21.32% 22.53% 21.24% 20.45%
Net Earnings $154.7M $87.10M $180.4M $171.0M
YoY Change 77.61% -51.72% 5.5%
Net Earnings / Revenue 4.51% 2.41% 4.43% 8.04%
Basic Earnings Per Share $3.14 $1.77 $3.66
Diluted Earnings Per Share $3.14 $1.74 $3.61 $3.42

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021
Cash & Short-Term Investments $40.20M $32.70M $20.10M $17.50M
YoY Change 22.94% 62.69% 14.86%
Cash & Equivalents $40.20M $32.70M $20.10M $17.50M
Short-Term Investments
Other Short-Term Assets $79.50M $61.20M $76.60M $74.50M
YoY Change 29.9% -20.1% 2.82%
Inventory $405.3M $414.8M $569.5M $442.9M
Prepaid Expenses
Receivables $472.6M $468.0M $600.4M $405.0M
Other Receivables $4.200M $4.300M $500.0K $200.0K
Total Short-Term Assets $1.002B $980.9M $1.267B $940.1M
YoY Change 2.13% -22.59% 34.78%
Property, Plant & Equipment $547.7M $489.7M $511.1M $283.6M
YoY Change 11.84% -4.19% 80.22%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $135.0M $114.6M $119.3M $92.00M
YoY Change 17.8% -3.94% 29.67%
Other Assets $25.30M $17.30M $16.80M $13.30M
YoY Change 46.24% 2.98% 26.32%
Total Long-Term Assets $864.6M $783.5M $816.9M $426.6M
YoY Change 10.35% -4.09% 91.49%
Total Assets $1.866B $1.764B $2.084B $1.367B
YoY Change
Accounts Payable $380.4M $402.2M $524.1M $452.3M
YoY Change -5.42% -23.26% 15.87%
Accrued Expenses $76.10M $53.40M $70.80M $52.60M
YoY Change 42.51% -24.58% 34.6%
Deferred Revenue
YoY Change
Short-Term Debt $148.0M $2.800M $48.00M $0.00
YoY Change 5185.71% -94.17%
Long-Term Debt Due $0.00 $20.00M $15.00M $0.00
YoY Change -100.0% 33.33%
Total Short-Term Liabilities $618.4M $478.4M $657.9M $506.1M
YoY Change 29.26% -27.28% 29.99%
Long-Term Debt $0.00 $0.00 $20.00M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $102.6M $105.3M $104.2M $11.70M
YoY Change -2.56% 1.06% 790.6%
Total Long-Term Liabilities $102.6M $105.3M $124.2M $11.70M
YoY Change -2.56% -15.22% 961.54%
Total Liabilities $881.1M $735.4M $950.9M $705.3M
YoY Change 19.81% -22.66% 34.82%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021
Basic Shares Outstanding 49.30M 49.30M 49.30M
Diluted Shares Outstanding 49.80M 49.30M 49.30M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $2.2524 Billion

About Worthington Steel, Inc.

Worthington Steel, Inc. engages in the provision of steel processing business in connection with the separation and the distribution. The company is headquartered in Columbus, Ohio and currently employs 4,600 full-time employees. The company went IPO on 2023-11-28. The firm specializes in carbon flat-roll steel processing, electrical steel laminations and tailor welded solutions. The firm's carbon flat-rolled steel processing includes a variety of value-added processes based on customer requirements including pickling, specialty re-rolling, hot dip galvanizing, blanking, slitting and cutting-to-length. Its electrical steel laminations include manufacturing of precision magnetic steel laminations for the automotive, industrial motor, generator and transformer industries. Its tailor welded products include tailor welded blanks and aluminum tailor welded blanks. The company operates around 29 manufacturing facilities located in the United States, Canada, China, India, Germany, and Mexico. The company serves various end markets, including automotive, construction, machinery and equipment, agriculture, and heavy trucks, among others.

Industry: Steel Works, Blast Furnaces & Rolling & Finishing Mills Peers: ATI INC Alpha Metallurgical Resources, Inc. ARCH RESOURCES, INC. CARPENTER TECHNOLOGY CORP NUCOR CORP Ramaco Resources, Inc. Ryerson Holding Corp SunCoke Energy, Inc. Metallus Inc. WARRIOR MET COAL, INC.