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Subsequent Events
6 Months Ended
Nov. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events

Note 17 – Subsequent Events

 

The Company fully repaid four of Sitem Group’s loan agreements totaling €12.4 million (approximately $14.3 million) with cash on hand in November 2025 and December 2025. Due to Sitem Group’s one-month reporting lag, the November repayment is not reflected in the consolidated balance sheets or the disclosures in “Note 7 – Debt”. Upon repayment of one of the loan agreements, the associated interest rate swap was terminated. This is expected to result in a pre-tax gain of 0.2 million (approximately $0.2 million) in the third quarter of fiscal 2026.

 

On December 17, 2025, Worthington Steel's Board of Directors (the “Board”) declared a quarterly cash dividend of $0.16 per common share payable on March 27, 2026 to shareholders of record at the close of business on March 13, 2026.