Filing Flows › Worthington Steel (WS) › Q1 FY27
Worthington Steel (WS) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Oct 13, 2026
Worthington Steel (WS) reported revenue of $2.7B for the first quarter fiscal 2027 (Q1 FY27), +212% from a year earlier and +193% from the quarter before. Operating margin was 2.1%, net loss $5.0M (0.2% of revenue).
Worthington Steel, Q1 FY27: revenue $2.7B (+212% year over year), operating margin 2.1%, net loss $5.0M, operating cash flow −$6.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +193% | +212% |
| Operating profit | $56.0M | — | +16% |
| Net earnings | −$5.0M | — | -114% |
| Operating cash flow | −$6.0M | -113% | — |
What changed
Revenue was $2.7B in Q1 FY27, up 212% year over year and up 193% from the previous quarter.
Gross margin was 9.6%, down 3.6 points from Q1 FY26. Operating profit was $0.06B, a 2.1% margin (down 3.5 points year over year). Of the extra revenue versus Q1 FY26, 0% reached operating profit, below the 6% margin then. Operating expenses grew 207% against revenue growth of 212%. The quarter ended with a net loss of $0.01B, narrower than the previous quarter's $0.08B loss. Net interest and other expense of $0.05B was the main reason.
Operating cash flow was −$0.01B. Non-cash charges added back $0.03B of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $0.03B. Capital expenditures of $0.06B exceeded it, leaving free cash flow of −$0.07B.
Questions
What was Worthington Steel's revenue in the first quarter fiscal 2027?
Worthington Steel (WS) reported revenue of $2.7B for the first quarter fiscal 2027 (Q1 FY27), +212% from a year earlier and +193% from the quarter before.
Was Worthington Steel profitable in the first quarter fiscal 2027?
Operating profit was $56.0M (2.1% of revenue) and net loss $5.0M.
Source: Worthington Steel 10-Q on SEC EDGAR.