Worthington Steel Revises 4Q Loss After Finding Additional Asset Impairment Charges

Dow Jones

07/11

Worthington Steel revised its fourth-quarter loss after identifying additional long-lived asset impairment charges.

The steel processor on Friday revised its quarterly loss to $1.15 a share, compared with the loss of 98 cents a share it posted on June 24.

Worthington Steel said additional bridge non-revolving loan commitment costs were originally excluded from its results due to an inadvertent error. The company said it identified the additional charges during standard year-end internal controls procedures to prepare its annual report.

The issue does not affect previous quarters, or the company's guidance, operational outlook or business strategy for the current year, Worthington Steel said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

July 10, 2026 17:28 ET (21:28 GMT)

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The company said it identified the additional charges during standard year-end internal controls procedures to prepare its annual report. \n</p>\n<p>\n  The issue does not affect previous quarters, or the company's guidance, operational outlook or business strategy for the current year, Worthington Steel said. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 10, 2026 17:28 ET (21:28 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Worthington Steel Revises 4Q Loss After Finding Additional Asset Impairment Charges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorthington Steel Revises 4Q Loss After Finding Additional Asset Impairment Charges\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-07-11 05:28</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/WS\">Worthington Steel</a> revised its fourth-quarter loss after identifying additional long-lived asset impairment charges. \n</p>\n<p>\n  The steel processor on Friday revised its quarterly loss to $1.15 a share, compared with the loss of 98 cents a share it posted on June 24. \n</p>\n<p>\n  Worthington Steel said additional bridge non-revolving loan commitment costs were originally excluded from its results due to an inadvertent error. The company said it identified the additional charges during standard year-end internal controls procedures to prepare its annual report. \n</p>\n<p>\n  The issue does not affect previous quarters, or the company's guidance, operational outlook or business strategy for the current year, Worthington Steel said. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 10, 2026 17:28 ET (21:28 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WS","symbol_name":"WORTHINGTON STEEL INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2650130694","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2650130694","pubTimestamp":1783718880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Worthington Steel revised its fourth-quarter loss after identifying additional long-lived asset impairment charges.The steel processor on Friday revised its quarterly loss to $1.15 a share, compared with the loss of 98 cents a share it posted on June 24.Worthington Steel said additional bridge non-revolving loan commitment costs were originally excluded from its results due to an inadvertent error. The company said it identified the additional charges during standard year-end internal controls procedures to prepare its annual report.The issue does not affect previous quarters, or the company's guidance, operational outlook or business strategy for the current year, Worthington Steel said.Write to Kelly Cloonan at kelly.cloonan@wsj.com Dow Jones NewswiresJuly 10, 2026 17:28 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WS":"WORTHINGTON STEEL INC","BK4535":"淡马锡持仓","BK4161":"工业机械","BK4191":"家用电器","BK4006":"钢铁","PICK":"iShares MSCI Global Metals & Mining Producers ETF","WOR":"Worthington Industries Inc"},"translate_title":"沃星顿钢铁公司在发现额外资产减值费用后修正了第四季度亏损","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WS":0.9,"PICK":1.5,"WOR":1.5},"content_text":"Worthington Steel revised its fourth-quarter loss after identifying additional long-lived asset impairment charges. \n\n\n  The steel processor on Friday revised its quarterly loss to $1.15 a share, compared with the loss of 98 cents a share it posted on June 24. \n\n\n  Worthington Steel said additional bridge non-revolving loan commitment costs were originally excluded from its results due to an inadvertent error. The company said it identified the additional charges during standard year-end internal controls procedures to prepare its annual report. \n\n\n  The issue does not affect previous quarters, or the company's guidance, operational outlook or business strategy for the current year, Worthington Steel said. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 10, 2026 17:28 ET (21:28 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}