Investments (Tables)

9 Months Ended

Feb. 28, 2026

Equity Method Investments and Joint Ventures [Abstract]

Financial Information and Net Earnings

The following tables summarize certain financial information of Serviacero Worthington as of the dates, and for the periods presented:

	February 28,		May 31,
(In millions)	2026		2025
Cash and cash equivalents (1)	$	54.9	$	16.0
Other current assets		195.0		219.4
Noncurrent assets		61.7		62.2
Total assets	$	311.6	$	297.6
Current liabilities		33.4		40.5
Other noncurrent liabilities		4.8		5.0
Equity (1)		273.4		252.1
Total liabilities and equity	$	311.6	$	297.6

(1)Excludes the impact of a $35.0 million distribution paid in cash to members in February 2026 due to reporting Serviacero Worthington on a one-month lag.

	Three Months Ended					Nine Months Ended
	February 28,			February 28,		February 28,		February 28,
(In millions)	2026			2025		2026		2025
Net sales	$	99.7		$	99.7	$	370.5	$	386.9
Gross margin		11.6			8.2		48.4		33.4
Operating income		7.3			4.3		36.2		21.5
Depreciation and amortization		1.1			1.2		3.1		3.5
Interest expense		-			-		-		-
Income tax expense (benefit)		(0.8	)		0.2		1.9		12.8
Net earnings		7.0			-		33.3		0.9

The following table presents the net earnings of Serviacero Worthington attributable to the Company for the periods presented:

	Three Months Ended				Nine Months Ended
	February 28,		February 28,		February 28,		February 28,
(In millions)	2026		2025		2026		2025
Equity in net income of unconsolidated affiliate	$	3.5	$	-	$	16.7	$	0.4

Summary of equity securities

The following table summarizes the equity securities, all of which are Kloeckner Shares, at the dates indicated:

	February 28,		May 31,
(In millions)	2026		2025
Equity securities	$	101.3	$	-

Summary of The Net Gains And Losses Recognized In Miscellaneous Income (Expense), Net

The following table summarizes the net gains and losses recognized in miscellaneous income (expense), net, for the periods presented:

	Three Months Ended				Nine Months Ended
	February 28,		February 28,		February 28,		February 28,
(In millions)	2026		2025		2026		2025
Net unrealized gains (losses) on equity securities	$	0.3	$	-	$	0.3	$	-
Realized gains (losses) on sales of equity securities		-		-		-		-
Total recognized in net earnings	$	0.3	$	-	$	0.3	$	-