Worthington Steel (WS)
NYSEMaterialsSteelSnapshot 2026-09-04
$36.17+0.50%
Close 2026-09-04 · 1-day change
NYSEMaterialsSteelSnapshot 2026-09-04
QuarterlyIQ Insights · WS
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 10.9% |
| Our one-year growth estimate | diamond | 86.6% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 75.8 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 8 industry peers
WS — Principal Accounting Officer transition
Dated 2026-06-25
Corporate Controller and Principal Accounting Officer — Steven R. Witt: Mr. Witt retired from his position as Corporate Controller and Principal Accounting Officer, succeeded by Gwen Joseph.
Why it matters: If sector revenue growth goes up, it may show better market conditions.
Supportive ifSector revenue growth turns positive after being near -2% for three years.
Worry ifSector revenue growth is still negative. This shows that contraction is ongoing.
Why it matters: Realizing these synergies is key to making more money after the deal.
Supportive ifManagement reports at least $50 million in synergies achieved by the end of Q1 2027.
Worry ifManagement says there will be no progress on synergies in the earnings call on September 30, 2026.
Why it matters: This offer helps cut down on admin work. It also gives Worthington Steel more options.
Supportive ifThe Delisting Offer starts when BaFin approves it.
Worry ifThe Delisting Offer is delayed or not launched as planned.
Why it matters: This debt will fund the Klöckner Acquisition. Its success impacts future financial health.
Supportive ifThe company closes the $900 million debt deal. It will start using the money.
Worry ifThe debt deal fails or is delayed. This affects the acquisition timeline.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$191 on $10,000 · ±1.9% | How much price usually moves either way. |
| Bad day | $446 loss on $10,000 · 4.5% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $4,200 loss on $10,000 · 42.0% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Details on debt will explain how Worthington plans to pay for the Kloeckner deal.
Worry ifManagement confirms they issued more debt without bad terms.
Less concerning ifManagement reports problems or bad terms in the debt issuance.
Why it matters: Earnings results will show how the Kloeckner acquisition impacts profits and the market.
Watch forQ3 earnings show a return to making money with net income over $10 million.
Also watch forQ3 earnings report shows a net loss greater than $20 million.
Why it matters: Keeping the dividend shows the company is stable. Cutting it could mean trouble.
Worry ifThe company confirms the dividend remains at $0.16 for the next quarter.
Less concerning ifThe company announces a cut to the dividend per share below $0.16.
Why it matters: Getting these synergies is important for making more money. It also supports the acquisition plan.
Supportive ifManagement reports achieving at least $50M in synergies by the end of Q1 2027.
Worry ifManagement says synergies will be below $20M by the end of Q1 2027.