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Segment Information (Tables)
3 Months Ended
Aug. 31, 2025
Segment Reporting [Abstract]  
Schedule of Significant Expenses Provided to CODM for Reportable Segment

The following table presents the significant expenses that are regularly provided to the CODM for the one reportable segment and the required disclosable amounts that are included in consolidated net earnings for the periods presented:

 

 

Three Months Ended

 

 

August 31,

 

 

August 31,

 

(In millions)

2025

 

 

2024

 

Net sales

$

872.9

 

 

$

834.0

 

Cost of goods sold:

 

 

 

 

 

Material cost

 

583.5

 

 

 

576.3

 

Direct labor, manufacturing expenses, and other (1)

 

174.2

 

 

 

157.3

 

Total cost of goods sold

 

757.7

 

 

 

733.6

 

Gross margin

 

115.2

 

 

 

100.4

 

Selling, general and administrative expense

 

67.9

 

 

 

57.0

 

Impairment of assets

 

-

 

 

 

-

 

Restructuring and other (income), net

 

(1.0

)

 

 

-

 

Operating income

 

48.3

 

 

 

43.4

 

Other income (expense):

 

 

 

 

 

Miscellaneous income (expense), net

 

0.2

 

 

 

(5.9

)

Interest expense, net

 

(2.9

)

 

 

(2.6

)

Equity in net income of unconsolidated affiliate

 

6.4

 

 

 

1.3

 

Earnings before income taxes

 

52.0

 

 

 

36.2

 

Income tax expense

 

13.4

 

 

 

4.0

 

Net earnings

 

38.6

 

 

 

32.2

 

Net earnings attributable to noncontrolling interests

 

1.8

 

 

 

3.8

 

Net earnings attributable to Worthington Steel

$

36.8

 

 

$

28.4

 

Deemed dividend of redeemable noncontrolling interest

$

0.5

 

 

$

-

 

Net earnings attributable to Worthington Steel shareholders

$

36.3

 

 

$

28.4

 

 

(1)
Includes expenses related to manufacturing profit sharing and bonus.